Japan Joint Stock Company

Japan Joint Stock Company
For historical reason before the promulgation of the new corporate law in Japan in 2006, a K.K. or Kabushiki Kaisha in Japanese (literally translated as a stock company, has been the most “serious” and credible type of company in Japan. This was linked to the requirements to set up a K.K, in the former corporate law that were rather stringent: the necessity to have at least 10 Million JPY in the capital, necessity of having a board of directors with at least 3 directors and a statutory auditor. The main advantage of forming a K.K. in Japan is credibility.
 
Features of Japan Joint Stock Company

Japan  JSC	Corporate Details
General
Type of Entity	JSC
Registered Office in Japan	Yes
Shelf company availability	No
Our time to establish a new company	2 Months
Corporate Taxation	Yes
Access to Double Taxation Treaties	Yes
Share capital or equivalent
Standard currency	USD
Permitted currencies	EUR, USD, GBP, JPY
Minimum paid up	US$6000
Bearer shares allowed	No
No-par-value shares allowed	No
Directors
Minimum number	One
Local required	No
Publicly accessible records	Yes
Location of meetings	Anywhere
Corporate directorship allowed	Yes
Shareholders
Minimum number	Two
Publicly accessible records	Yes
Corporate shareholders allowed	Yes
Location of meetings	Anywhere
Company Secretary
Required	No
Local or qualified	No
Accounts
Requirements to prepare	Yes
Audit requirements	No
Requirements to file accounts	Yes
Publicly accessible accounts	Yes
Other
Requirement to file annual return	Yes
Migration of domicile permitted	Yes

 
 Advantages of a Japanese JSC

1. A JSC can operate in any kinds of business category.
2. It is better than a branch office in terms of recruitment and consumer image.
3. It is easier for a JSC to open bank accounts and to rent offices.
4. KK is treated as a different entity from the parent company when the parent company files tax returns in their home country, no profit or loss from KK will be added to the parent company’s turnover.
5. No foreign tax credit will be applied to the parent company because there is no double taxation for the parent company.
6. Per capita levy may be reduced as long as KK’s amount of capital remains at a low level at all times.

 
The Valsen Advantage

1. Speedy, Efficient and consistent Services.
2. Relentless effort to obtain bank accounts.
3. Expert advice on structuring options.
4. Dedicated ongoing compliance support.