Japan LLP

Japan LLP
The Japanese limited liability partnership (in Japanese the ‘yuugen sekinin jigyou kumiai’ and below the ‘LLP’) is a relatively new Japanese entity form that was introduced in 2005. The Japanese version of a limited liability partnership (LLP), is not a corporation, but a partnership formed only by the equity participants, who have limited liability.
LLPs may be formed for any purpose clearly stated in the partnership agreement, have full limited liability and are treated as pass-through entities for tax purposes.
A partnership must be established in partnership with an individual resident in Japan or a Japanese corporation, several documents need to be prepared in both Japan and the country of the foreign party.
 
Features of a Japan LLP

Japan LLP	Corporate Details
General
Type of Entity	LLP
Registered Office in Japan	Yes
Shelf company availability	Yes
Our time to establish a new company	2 Months
Corporate Taxation	No
Access to Double Taxation Treaties	No
Share capital or equivalent
Standard currency	USD
Permitted currencies	EUR, USD, GBP, JPY
Minimum paid up	US$2
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	No
Publicly accessible accounts	No
Other
Requirement to file annual return	No
Migration of domicile permitted	No

 
Advantages of a Japanese LLP

1. It is not necessary to have board meetings.
2. The responsibility of the membership is limited.
3. Profit from LLP can be distributed according to voluntarily determined rate.
4. Net loss from LLP can be deducted from individual members’ taxable income.
5. It is suitable for starting up a small size business.

 
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.