The new Commercial Code, introduced in 2006, has abolished the former law, which stipulated that a joint stock company in
A limited liability company in
It’s mandatory that all the company’s members must be in favor of a certain decision to make it applicable, such as the articles of incorporation’s amendments, the transfer of ownership, transforming the limited liability company into a joint stock company or liquidate it. Our company formation experts in Japan can assist businessmen in every procedure mentioned above, from drafting the articles of association of a new company to liquidating an insolvent company.
The standard corporate income tax rate in Japan is 23.4%. Those who open a company in Japan will also pay the local inhabitants tax and the local enterprise tax, both imposed at a local level by the municipalities or prefectures and may vary according to the size of the company. a 20% withholding tax applies on dividends, royalties, and interest. The real property tax, stamp duty, and social security are other examples of taxes payable by companies. Japan has signed many double tax treaties with countries worldwide. These provide relief from double taxation on most types of income, provided that the corporation derives income both from Japan and from another country with which a treaty is signed.
The equivalent of worldwide VAT in Japan is the Consumption Tax, which is imposed at a rate of 8%. The classic registration for CT is not mandatory for the companies; the Tax Authorities check the first tax filing and determine if the company is a CT taxpayer depending on the taxable sales during the fiscal year. Domestic transactions such as transport services offered in Japan are subject to the consumption tax. The CT is expected to increase to 10% in the coming years but at the same time, a reduced rate of the current 8% will remain in place for certain goods.
In order to open a corporate bank account in
Our company registration consultants in Japan can help you set up a corporate bank account.
The workforce from
The personnel may be recruited with the help of the recruitment agencies or by posting ads in a newspaper or on specialized websites.
The average salary in Japan is around 320.57 JPY thousand per month, depending on the business field and qualifications.
Even though lacking land for cultivation or consistent natural resources,
50 % of the Japanese imports consist of grains and meat. The local fishing industry is highly developed.
The industry and the manufacturing sectors are very developed, especially sub-sectors like electronics, machine tools, ships, chemical substances and motor vehicles. The main export partners for these products are EU,
Many financial services companies are located in
Foreign investors who are considering starting a company in Japan or expanding their businesses in this jurisdiction can benefit from our vast experience in company incorporation cases.
Please get in touch with our company registration agents in Japan who will help you establish your business in the country as fast as possible.