Capital city: Tokyo
Population: 126.8 million inhabitants (in 2017)
Official language: The official Japanese-language name is Nippon-koku or Nihon-kokuReligion: Religion in Japan. Shinto and Buddhism are Japan’s two major religions.Climate: Varies from subtropical to temperate.
Time Zone: 9 hours ahead of UTC (UTC+09:00)
Currency: The Yen (JPY) is the official currency in Japan
Why Start a Business in Japan?
If you are starting your next business in Japan there will be a lot of struggles and because of this it is really important for you to be hyper-specific and clear about who your product is for.
The report from “World Economic Forum” reveals that in terms of global competitiveness, Japan is ranked 6th in the world. It is the 2nd highest ranked among Asian countries.
Speaking of the sectors in Japan, corporate sector has continued to push the technology envelope in fields such as robotics, medical devices, clean energy, satellite communications and spacecraft, water processing and other high tech industries.
Types of Companies
|Corporation Types||Kabushiki-Kais ha (K.K.)||Limited Liability Company (Godo-Keisha)||Limited Partnership Company (Goshi-Keisha)||General Partnership Company (Gomei-Kaisha)|
|Why people choose||Most chosen, so more people choose||Chosen for reason of its easiness and inexpensiveness||Rarely chosen for reason of investors have unlimited liability|
|Minimum capital||1 yen or more||1 yen or more||No regulations||No regulations|
|Number of investor||1 or more||1 or more||2 or more||2 or more|
|Liability of investor||Limited to amount of investment money||Unlimited||Limited and unlimited member for investing participants|
Taxation in JAPAN
Employment of foreigners
Skilled workers who wants to come to Japan will be eligible for a new type of visa that can be renewed indefinitely. And thus confers permanent residency.
The new framework will be created for workers with “skills requiring a certain degree of knowledge or experience.”
Workers who pass skills and language tests, as well as technical interns who remain in training for at least three years, will be eligible for the first level of the new status. This will let them stay in the country for five years, though they cannot be accompanied by family members.
Those who exhibit greater proficiency by passing more advanced exams can qualify for the second level, letting them bring spouses and children. The ministry envisions this status initially lasting five years, with no limit on the number of extensions.