Starting a company in Japan is not complicated if an entrepreneur follows the requirements imposed by the Commercial Code. The investor can also decide on the type of company most suitable for his or her activities before starting the registration procedure. One can start a small company registered as a sole proprietorship or partnership or go for a limited liability. However, small businesses turning into larger ones are then required to change their structure.
There is no direct way of changing company structure in Japan, as the business owner will first be required to de-register the first business form and then incorporate the new company. Below, our company formation agents in Japan explain the steps for changing company structure in this country.
As mentioned above, the first step in changing the business form is to de-register the old company by filing a petition with the Trade Register in Japan. Once this petition is filed, the company will be dissolved and removed from the Companies Registrar’s database.
Once the old Japanese company is dissolved, the registration of the new company can take place. In order to keep the history of the old company, the business owner can keep the following:
With respect to the company formation procedure when changing the company structure, our consultants in Japan can help foreign investors.
A particular case when changing company structure in Japan refers to turning a private limited liability company into a public company. In this case, the shareholders will be required to amend the private company’s Articles of Association in order for the company to become a public one.
For assistance in changing business forms or setting up a new company in Japan, please feel free to contact us.