10 steps to incorporate your in Japanese company in 2021

Japan company formation procedureThe typical procedures Healy Consultants Group PLC follows during a Japan engagement are described below:

  • Pre-incorporation steps

    1. Due diligence: Before Healy Consultants Group PLC proceeds with the engagement, our Client i) emails us scans of at least 75% of the due diligence documents requested by our compliance department ii) settles our fees and iii) signs our engagement letter. Thereafter, Healy Consultants Group PLC provides our Client with a detailed project plan, outlining all steps needed before he can start business in the country;
    2. Engagement planning: To start the project, our team will then agree with our Client on the company name and the optimum corporate structure, including shareholders and directors. We also prepare a business plan describing our Client’s planned business in Japan for his review and approval.
  • Incorporation steps

    1. Submission of registration application: When the final corporate structure is agreed with our Client, Healy Consultants Group PLC i) reserves the company name with the Department of Economic Development (METI) and ii) prepares company registration documents including deeds of establishment and articles of association. After being signed by our Client, these documents are authenticated by a Notary Public;
    2. Lease agreement signature: Meanwhile, our Client provides us with a lease agreement for their office premises. If our Client is unable to do so, Healy Consultants Group PLC can alternatively supply Japan virtual office services until our Client finds their preferred business address;
    3. Japan company incorporation: When the above is completed, we submit a company formation application to the Japanese company registrar. The same is usually approved within a few days and we immediately provide our Client with a scanned copy of the certificate of incorporation upon receipt.
  • Post-incorporation steps

    1. First meeting of the shareholders: Healy Consultants Group PLC assists our Client to prepare all post- incorporation documents, including notably the minutes of the first meeting of directors and the Share Certificates;
    2. Tax registration: our Firm will register the company for tax at the nearest District Tax Office and obtain a tax identification number and business registration certificate;
    3. Corporate bank account: When the above is completed, we assist our Client to open a corporate bank account in Japan without travel. We also assist him to activate online banking facilities. Healy Consultants Group PLC’s professional passive resident director visits the bank branch in Japan to secure corporate bank account numbers. Our banking team also obtains bank passbooks and company seals, if required.
    4. Business start-up services: If needed, our team assists our Client to obtain corporate finance, trade finance and to open merchant accounts. If required, Healy Consultants Group PLC assists our Client to locate business premises and recruit local staff;
    5. Engagement completion: Following incorporation in Japan, Healy Consultants Group PLC provides our Client with a complete company kit including i) original Certificate of Incorporation; ii) a bound copy of the government approved Articles of Association; iii) original share certificates and iv) an original government receipt as evidence of payment of annual company and license fees.
  • Documents required to form a company in Japan as a foreigner

    1. The documents required for foreigners willing to form a company in Japan are similar to those requested for locals. They mostly include:
      • For corporations: i) legalized copies of the certificate of incorporation, M&AA, latest annual return and financial statements ii) a resolution by the directors (or shareholders according to powers given by the M&AA to directors) approving the formation of a subsidiary in Japan and appointing directors. These documents must also be translated in Japanese by a foreign translator;
      • For individuals: i) legalized copies of their passport and a recent proof of address ii) bank statements or another document showing the availability of funds to pay up for the shares (only for larger amounts of paid-up capital). These documents must also be translated in Japanese;
    2. Refer to this page for further details on the documentation required for Japan business incorporation.

Frequently asked questions

Contact us

For additional information on our company incorporation services in Japan, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi