Q47: When transferring capital from abroad to the bank account of a representative in Japan, the name of the person who made the transfer does not appear in the passbook. Is this okay?

2024年3月27日 2024年3月27日

ringo tax corporation

Japanese Certified Public Accountant ・Tax Accountant Hiroya Aihara
Ringo Tax Corporation

A: There is no problem.

Explanation

A copy of the bank passbook submitted during the application for establishment registration does not need to display the name of the person who made the transfer. During the review by the Legal Affairs Bureau, the information of the person who made the transfer is not considered important. The capital transfer must be made by the promoters who have accepted the issued shares at the time of establishment, but the details of the transferor are not included in the review process for company establishment.

Category: Entering the Japanese Market

Q47: When transferring capital from abroad to the bank account of a representative in Japan, the name of the person who made the transfer does not appear in the passbook. Is this okay?

Explanation

Q46: When establishing a company in Japan, I heard that a "Business Manager" visa requires a capital of more than 5 million yen. I currently have a deposit of more than 5 million yen in the bank; can I submit a copy of this bankbook without any problem?

Q48: I plan to transfer capital from abroad into the bank account of a representative in Japan. Since the capital is planned to be 5 million yen, is it okay if I transfer exactly 5 million yen?