Can I Start a Business in Japan

To make it easier for you, we have divided them into two categories, the statutes of a foreign person and a foreign company. You will need both sets if you are a foreign person developing your business in Japan. If you set up a Gōdō Gaisha or GK company, all you have to do is notarize the tax stamps that cost you 40,000 yen. In Japan, GK is a type of business organization that Americans call a limited liability company (LLC). Seven Bank is another major bank for entrepreneurs with business plans in Japan. Seven Bank is similar to Shinsei Bank in terms of online banking. For a short stay, the 90-day visa allows you to carry out these activities as long as they do not include lucrative activities: tourism, business, visits from friends or relatives. More information about VISA can be found here on the website of the Japanese Ministry of Foreign Affairs. Japan is a constantly growing market and a very popular choice for foreign individuals and companies who want to take on the challenge of opening or expanding their business abroad. We talked about entering the Japanese market on our blog, but in this article we will dive deep into the technique of registering and starting your own business in Japan. Once you have started your business in Japan, you can apply for an extension of stay, which is 1 year. You will be asked to make a proposal that explains your business in a clear and practical way. It is important to include all kinds of details such as income statements, your company`s personal history, etc.

It is also very important to make sure that your business plan does not violate Japanese law. Given the current low cost of entering the Japanese market, there is no reason why a company with a competitive product or service, excellent customer support and a winning attitude in Japan cannot be profitable in the first eighteen months of its Japanese operations. Depending on industry-specific factors, your Japanese company could contribute up to 30% to your global profit within 5 years. Starting a business in Japan is not just for Japanese nationals. Foreigners can also set up a business in Japan. All they need is a personal bank account in Japan or an administrator/shareholder with such an account and an address for registration. An LLC is the replacement of the old corporate structure known as Yugen Gaisha. Liability is limited and registration fees are more reasonable than those of a company (K.K.). The Company`s shares are not publicly traded on the open market.

An LLC is still a new form of business structure for Japan and not very well known in society, so many people tend to start their business as a business (K.K.). Preparing documents may not be the most exciting part of starting a business in another country, but it is crucial for the start-up process in Japan. Of all the documents you need, the articles of association (teikan) can be the most important document that shows how your business is run. They vary depending on the type of business structure. Below, we have listed the individual and business requirements that you will need when setting up in Japan, divided into: “Foreign Individual Requirements” and “Foreign Company Requirements”. There are a myriad of online sources. Juggling them to extract all the important information takes time, even is confusing. If you miss only one important step, your efforts may be in vain. That is why we are here. Here is the ultimate guide to starting a business in Japan.

・How to start a business in Japan by JETROLaws and regulations to start a business in Japan The first thing you need to do is secure an office space in Japan to run your business. It is very important to note that it cannot be a virtual office, a temporary structure or houses. Also be aware that the use of a residence is generally not accepted (but there are some exceptions). They have options such as short-term office rentals that offer various benefits such as flexible rental terms, management options, start-up prices and sometimes access to furniture, IT and office equipment. To obtain this visa, you must apply to the local government (see above) with the required documents, including your business plan (all documents must be completed in Japanese). Once you have received the letter of recommendation from the local government agency, you can apply to the Department of Immigration with the letter. You will need a permit and registration to set up certain types of businesses. For example, grocery store, travel agency, temporary work, hotels, sale of spirits, financial services, sale of medicines, etc. If you live abroad and want to start your own business in Japan, the Japan Business Manager visa is for you. The Business Manager visa is valid for a period of 4 months (with the option of a 1-year extension of stay) and is ideal for people living abroad and planning to set up a business in Japan. The 4-month duration of this visa gives you ample time to open a bank account, register your business and obtain a residence card (Zairyū card) and residency status.