Is it possible for a foreign person or company to expand their business into Japan and establish a Japanese company or branch?
★ Explanation ★
Previously, for foreign individuals and enterprises who want to establish their business presence in Japan, they were required to have a cooperator who is a Japanese resident. Following the current tax reforms, it has become easier for foreign individuals and businesses to set-up their businesses in Japan. However, for a corporation to be able to open a bank account in Japan, there are some cases where they will need a Japanese resident as a co-representative; hence, it is important to take note of points such as these.
In the case of a Japanese branch office, instead of what would normally be the representative director of a joint stock company (kabushiki kaisha), Japanese branch offices designate a “Japan branch office representative”. Oftentimes, the representative director is a non-resident; in the case of a Japan branch office, there should be at least 1 Japanese resident among the Japan branch office representatives.