Thinking of opening a business in Japan?

If you have heard about how much the Japanese are paying for consumer products, food, or services and think to yourself, ' This is a market we have to get into!' , you are not alone.

Japan is the world's second-largest economy, and its nearly 130 million consumers still represent more than 50 percent of Asia's GDP. That's a market one can not ignore.

In IT and technology, luxury goods, Western food consumption, software, and many other areas, Japan is by far the leading nation foreign markets for many American firms and companies. Also, Japan is a stable country, with laws, monetary regulations, a banking systems and telecommunications that not only work, but work without fail.

Japanese-Experts.com understand the logic of doing business in Japan - and with JE, you'll be able to plan for success, build a sound foundation, and substantially reduce costs while opening up your new office in Japan.

Japan offers many unique benefits: After your company gains a client or two, they will give you loyalty and price premiums. So whether you're a firm starting up in Japan from overseas - or a local foreign entrepreneur searching for help with structuring a venture business, Japanese-Experts.com is your answer.

Setting Up a business in Japan

If you want to set up a business in Japan, you'll need to do five distinct tasks:

• Establishing the legal entity and handling legal affairs.
• Hiring staff.
• Finding and fitting out office space.
• Establishing a management style.
• Obtaining financing or trade incentives.

As a new start up company in Japan, you will need to determine if you would like to be a joint-stock company or a kabushiki kaisha, a limited liability company or a yugen kaisha, or a a branch office or a shiten, and lastly a representative office or a daihyo.

The two limited liability companies or the KK and YK - can operate freely within Japan and engage in local financing, receive subsidies, and benefit from Japanese government activities.

With the KK, it carries greater regulatory requirements, such as an internal auditor and additional directors - and has most credentials in Japan. The KK option is valued most in Japan.

The capital requirement for the KK is USD $90,000. The YK is USD $9,000. The setup and operation costs can be drawn from that amount. A branch office is less expensive to establish than the limited liability entities and can engage in most of the same activities.

The branch office is only considered to be an extension of your home country corporate office. Therefore creditors and litigants can sue the head office for problems occurring in Japan. The representative office is not supposed to engage in sales in Japan; if sales are made, they must be consummated offshore.

Another way one can go about opening up a company in Japan is by way of the kojin jigyo. What this is and what this means is, you can print business cards with the company name, you can employ new staff, and you can conduct business on a regular basis, however you can't use the words kabushiki kaisha or yugen kaisha after the name.

While the Kojin Jigyo approach is much less expensive and easier to manage, the major pitfall is that not having a formal company will create doubt in the minds of customers. However, this is not true for some companies - and an informal structure is acceptable for services such as Training, journalism, import and export, translation, and services of that nature.

KK is the way...

Any company overseas or any person, including foreigners may establish a KK in Japan. And, at least one of the directors needs to be a resident in Japan to maintain and complete all of the legal paperwork. It is recommended that you hire a Specialist in Japan and a lawyer or a paralegal - to execute the procedures of setting up your company.

What are the costs of establishing a KK in Japan?

The costs to set up a KK in Japan ( including the various taxes and registration fees ), range from USD $5000.00 for a paralegal. USD $21,500.00 International Law Specialist. And USD $12,000.00 to $50,000.00 for a Specialist from Japanese-Experts.com.

By hiring a Specialist at Japanese-Experts.com, you will actually save money in the process of opening up your new company. By hiring a Specialist by JE, you may be able to cut out the need to hire an International Law Specialist due to the expertise Japanese-Experts.com Specialist employ. That's already a savings of USD $21,500.00.

Contact us for additional information or visit us at Japanese-Experts.com.