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 |
|
|
JSC |
|
Yes |
|
No |
|
2 Months |
|
Yes |
|
Yes |
|
Share capital or equivalent |
|
|
USD |
|
EUR, USD, GBP, JPY |
|
US$6000 |
|
No |
|
No |
|
Directors |
|
|
One |
|
No |
|
Yes |
|
Anywhere |
|
Yes |
|
Shareholders |
|
|
Two |
|
Yes |
|
Yes |
|
Anywhere |
|
Company Secretary |
|
|
No |
|
No |
|
Accounts |
|
|
Yes |
|
No |
|
Yes |
|
Yes |
|
Other |
|
|
Yes |
|
Yes |
Advantages of a Japanese JSC
- A JSC can operate in any kinds of business category.
- It is better than a branch office in terms of recruitment and consumer image.
- It is easier for a JSC to open bank accounts and to rent offices.
- 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.
- No foreign tax credit will be applied to the parent company because there is no double taxation for the parent company.
- 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
- Speedy, Efficient and consistent Services.
- Relentless effort to obtain bank accounts.
- Expert advice on structuring options.
- Dedicated ongoing compliance support.