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?

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: In most cases, 5 million yen will not be sufficient.

Explanation

When transferring the full amount of the investment, it is common for transfer fees and exchange fees to be deducted. Therefore, you actually need to send more than 5 million yen. There is no legal issue as long as the deposited amount is confirmed to be over 5 million yen, even if it is not exactly 5 million yen.

Category: Entering the Japanese Market

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?

Explanation

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?

Q49: I heard that personal identification documents need to be submitted to the Legal Affairs Bureau even for officers who do not require a signature verification certificate. Is it okay to submit a copy of the passport?