Introduction With the prolonged effects of COVID-19 causing uncertainties for the future, many companies may feel the necessity to review their management strategies. In this context, an increasing number of companies are considering a “corporate reorganization”. Reorganizing can be done internally and externally to expand or reduce the size of the company organization in order…
Since Abenomics was launched in 2013, Prime Minister Shinzo Abe’s economic policies represented by monetary easing, fiscal stimulus, and structural reforms, the Japanese economy was revived from Japan’s so-called ‘lost decades’ and millions of jobs were created. Along with the economic recovery, M&A activities have increased year-on-year for the past eight years since 2012. This…
Is hiring 2 full-time employees a requirement to be issued a visa? Also, how much capital do I need? It is not necessary to hire 2 full-time employees, but a certain business size is required. Generally, a capital of at least 5 million yen is required. ★ Explanation ★ When applying for the Business Manager…
When incorporating a stock company in Japan, when should we set-up the capital? Capital must be fully paid after the preparation of the articles of incorporate or from the date in which the incorporator determines the amount to be contributed during incorporation. ★ Explanation ★ The incorporator must pay the entire sum or deliver all…
Around how much capital should be put in if I, a foreigner, would incorporate my business in Japan? It is possible to incorporate a company in Japan with 1 Japanese yen (JPY). However, to obtain an “Business Manager” visa, a capital amount of more than 5 million JPY is needed. ★ Explanation ★ Following the…
Is it better to have a board of directors or company auditor? While the presence of a board of directors or company auditor isn’t a specific requirement, but there are cases where it is better to have such organs. ★ Explanation ★ The minimum requirements include the necessary establishment of two organs: the annual general…
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