Valsen Corporate

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

    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.