Overseas Company Registration

Japanese Company Registration

2023-04-28

Process of Japanese company registration

1. Determine the name of the Japanese company (provide 3 options for alternatives);

2. Determine the registered address of the Japanese company;

3. Determine the Japanese representative of the Japanese company;

4. Our company will prepare the application form and submit it to the Japanese Legal Affairs Bureau for registration after notarization in Japan. The registration will be completed in about 15-20 working days;

5. If you need to open a Japanese bank account, it will take about 2-3 months;

PS: Due to the impact of global anti-money laundering, cybercrime, and global taxation, the difficulty of opening a bank account for a newly registered company in Japan will gradually increase. According to past experience, the success rate of opening an account with a Japanese representative will be higher.

 

Types of company registration in Japan

There are two types of companies registered in Japan: one is a large joint-stock company (usually called a joint-stock company); the other is a small and medium-sized liability company (usually called a contract company).

I. Joint-stock company (KK)

1. Conditions to be met:

1) There are more than three directors, one of whom must be Japanese and have a place of residence in Japan; there must be a statutory auditor;

2) The company's registered capital must exceed 10 million yen and a statutory auditor;

3) There is no minimum or maximum limit on the share capital, and any currency can be used as a share capital unit; the stock can be issued with or without a par value, and different stock categories can be issued, including bearer stock categories.

 

II. How to choose the type of Japanese company?

1. Overseas companies can register a contract company first:

Because foreigners are exempt from consumption tax in the first two years of their new company, many companies use the relatively low-cost contract company to register at the beginning. After a long time in Japan, it will save a lot of expenses to rename the company.

2. Match your business:

1) If you are engaged in an industry that sounds high-end and requires a good reputation in business, it is recommended to register a joint-stock company, such as international trade;

2) If you are just a general business operator and consumers only care about the products and experience, it is recommended to register a contract company first, and then convert it to a joint-stock company after it becomes bigger and stronger in the later stage, such as daily consumer companies such as restaurants and supermarkets.

 

Conditions for Japanese company registration

1. Company name: Japanese companies are free to choose their names. Regardless of the size of the company's capital, there are no restrictions on the name. The company name is allowed to contain "international"; "group"; "holding"; "investment"; "college"; "association"; "center"; numbers, English and other words. Of course, words such as "bank"; "trust"; "life insurance" and extremely rare Chinese characters are prohibited.

2. Identity documents: The identity cards/passports of shareholders and directors and the notarized documents of the legal person are required.

3. Registered capital: Registering a Japanese company requires capital verification. The registered capital is 5 million yen (if the registered capital is 5.01-10 million yen, a tax fee of RMB4,000 will be added, and if it is higher than 10 million yen, it will be reported).

4. Business scope: Within the legal scope, most industries can apply for registration, including finance, investment, health care, shipping, import and export trade, real estate, construction, decoration, information network, clothing and textiles, tourism, cultural publishing, etc.

II. Information required for Japanese company registration

1. Provide authentic and valid legal representative information:

Copy of ID card (or passport), personal address (or mailing address), contact number, one personal seal, and two notarization certificates of seal.

2. Determine the list of directors for the establishment of a Japanese company, among which there must be a person who has lived in Japan for a long time as the nominal Japanese representative of the company.

3. Determine the name and business scope of the company. The name of the registered Japanese company can be in Chinese, Japanese, or English, but the word "株式会社" must be added before or after it.