The high standard of living is also due to a strong economy and a strong state.
Japanese is the state's official language. The official currency is the yen.
The country of the Rising Sun has an active international policy of integration and economic cooperation with other countries.
Member of: APEC, UN since 1956, WB, IMF, etc.
choosing a country
choosing a bank
payment (by any method)
bank account opening
From all the possible types of advantages that open up to the founders when incorporating a company, it is definitely worth noting:
According to current laws in Japan, it is possible to incorporate your company in the following legal forms:
Most foreign businessmen choose to register a company in the form of a public KK (kabushiki gaisha) to start a business in Japan.
KK is a joint stock company. With the exception of some special industries, such as banking, chemical industry, defence, etc., foreign investors can own 100% of the shares of a Japanese company. The liability of the participants is limited to contributions to the company's share capital.
Based on the analysis of the current legislation regulating the activities of business entities, the following can be highlighted with regards to the specifics of the process of registering your business:
The state has the following features for levying taxes and fees
Japan has a very complicated taxation system, which is divided into several levels and depends on the size and turnover of the organisation.
Corporate income tax in Japan from commercial activities consists of several taxes:
To calculate the effective tax rate, add the rates of each of the taxes that depend on the taxable income of the Japanese company.
The resulting effective rate:
Japan has the local equivalent of European VAT taxed at a rate of 10%, state registration is required to become a VAT payer.
Non-VAT monetary transactions in Japan include: Sale or lease of land, rental of housing by an individual (including all necessary one-time fees, except for agent fees), tuition fees, enrolment fees, Ministry of Education-approved textbooks, etc.