Online Company Registration in Japan through Enterslice

Japan, is the second largest developed economy in the world. It is famous for its pro-business atmosphere, proficient in attracting wide-ranging overseas funds and important foreign businesses. Mostly businessmen across the globe highly preferred to start or set up the business over there in Japan.

Types of business entity can be established in Japan are described below:

1. Sole Proprietorship ((kojinjigyo): This type of business entity can be owned and run by Individual. The individual is solely responsible for all profits/loss and assets/debt of business. For a sole proprietorship, it is not mandatory to get registered before starting their business. The only requirement to be fulfilled by the proprietor is to submit a certain notification to the tax office within 2 months after the beginning of the business activities and file a tax declaration once a year, between February and March for the income earned during the previous year.

2. Company: In Japan, the company can be incorporated in two forms as explained below:

1. Kabushiki Kaisha (“KK”):  This type of entity is a very well-known form of doing business in Japan. This type of entity is generally suited for medium to large companies, though it is perfectly fine for small companies looking to scale in the future. There is no law, for a required amount per share and you may decide freely, as long as it equates the capital amount.  the company has limited liability by share. At least one shareholder and one RD (can be the same person) is most to process ahead for registration of business
2. Godo Kaisha (GK).: This type of entities is less expensive to register, with fewer cumbersome legal requirements. This type of business structure is mainly utilized by small/local businesses. At least one partner is required to register this form of business in Japan.

Company Formation in Japan

3. Representative office: It is a type of entity which does not involve in utilizing a registered entity. They are not subject to Japanese income taxes and as well as, does not require registration with the Japanese Legal Affairs Bureau.

4. Subsidiary Company: It is an independent company established under the Japanese law, with a foreign company holding its shares

5. Branch Office: It is an extended office of parent company located in Japan engage in commercial activities based on capital of parent company. It needs to declare and pay taxes in Japan.

Procedure for Company formation in Japan:

• The first step is to find an office address;
• Next Step is the preparation of Article of Association;
• After preparation, notarize the articles of incorporation;
• Deposit the Initial Capital in one of the investor's personal bank account because the company's bank account cannot be opened until the registration is completed; 
• After that, prepare the documents required for company registration;
• After preparation of documents, file the application for registration, with a minimum fee of 150000 yen for KK and 60000 yen for GK;
• If all the formalities from the investor side are compiled then, due assurance and compliance check is done by department,
• Once, the department is satisfied a certificate of incorporation will be issued;
• After COI, next step is to obtain  Tax & Social insurance registration;

There are many businessmen across the world, who want to establish their business in Japan but they are worried, because of initial requirements for obtaining bank account and representative director. Enterslice is a legal technology company can assist the interested one in the whole process until the end. Detail information is provided on our website  www.enterslice.com