Q1: Can foreign individuals or foreign companies establish a company or set up a branch in Japan?
ringo tax corporation
Japanese Certified Public Accountant ・Tax Accountant Hiroya Aihara
Ringo Tax Corporation
A: Both establishing a company and setting up a branch in Japan are possible.
For Company Formation
In the past, having a business partner residing in Japan (a Japanese resident) was a requirement. However, due to legal amendments, Japanese residency is no longer necessary, making it feasible for individuals overseas to establish a company in Japan.
For Establishing a Japanese Branch
A representative equivalent to the director of a corporation, known as the "representative in Japan," is required. This representative must be a Japanese resident.
Summary
When establishing a company, Japanese residency is not required. However, for setting up a branch in Japan, having a Japanese resident is essential.
Note
During the process of opening a bank account, having a Japanese resident may still be necessary, even for the company. Therefore, the collaboration of a business partner residing in Japan remains crucial. Understanding the legal aspects when a foreign company enters the Japanese market is key to a smooth expansion process.
