T. Iwasaki

Picking a Japanese Corporate Bank Account Amidst the Covid-19 Pandemic

Banks are an essential part of performing business in Japan. . With Covid-19 pandemic pressing on, this routine of regularly visiting the bank, being already burdensome on its own, has been made to be more challenging. Covid-19: A Bane to the Banking System Store-type mega banks bear the brunt of these challenges. Customary protocols such …

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Solutions and Advice to Managing Your Corporate Banking Troubles in Japan

Dealing with the bank and all responsibilities  entailed to it is inevitable for anyone who decides to operate their business in the land of the rising sun. As banking is a requisite duty alongside performing your core business, it is essential be informed of the realities of banking in Japan, so you can temper your expectations …

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Covid-19 and Remedies For Your Business: Subsidies, Loans and Employee Dismissal

This article is intended Japanese companies whose business operations has been significantly disrupted or shut down by the ongoing Covid-19 pandemic crisis. Remedies for Survival The 2020 Coronavirus pandemic has paralyzed the world economy. Amidst the number of deaths rising in the hundred thousands and cases of positive infections still balooning, forcing governments to issue …

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3 Must-Have Requirements to Opening a Japanese Corporate Bank Account

One of the trickiest obstacles to creating a business startup in Japan is opening your company’s corporate bank account. It is particularly difficult that even budding Japanese startups find this part of the business setup a struggle knowing they have no credit to present. Nonexistent credit means no records of annual corporate tax returns to evaluate, and …

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Japan: 105% Markup Entity Tax Structure

Intended Audience Business owners whose Japanese subsidiary company engages in auxiliary business activities such as sales support and market research in the Japanese market. Background Most foreign-owned Japanese subsidiaries, both KK and GK, are appointed as sales support entities by their overseas parent company.  With this setup, the parent company directly conducts business with Japanese …

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3 tips to ensure your market entry Success in Japan

Working as a nominee representative director to numerous Japanese company clients for over seven years, I have come across foreigners commit to the whole lengthy and complicated process of starting a business in Japan. But without the right professional person or team to assist in the step by step procedural requirements, they end up wasting enormous …

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