A business can definitely offer you the possibility to do something that you are truly passionate about and also do lots of money in a quite short period of time. However, in order to achieve your goal, you must make sure you choose the right place for your investment. We will talk in the following about how to set up a business in Japan and why this location is excellent for all entrepreneurs.
There are without a doubt plenty of reasons to open a business in Japan. Many expats that have decided to live in Japan say that the most important reason for them to actually settle in this beautiful country is the feeling of safety. Furthermore, the public transportation system, especially in Tokyo, provides a very easy access from a location to another with affordable fees and high safety at the same time. All these aspects are very important to anyone who is interested to live here, especially for those who want to invest their money in a business.
In order to start your own business in Japan, you will need to consider several things. First of all, you must know very well the system of regulations and laws regarding the establishment of a company. There are not more and not less than four types of corporations in Japan, and you must weigh very well all the advantages and disadvantages.
The next step which is a very important one is to acquire the investor/business manager visa. Keep in mind that you don’t actually need to live in Japan in order to open a business there. However, there are three ways to do it.
-The establishment of representative offices cannot open a bank account by the name, although it doesn’t require registration.
-You will definitely need registration if you have the branch in Japan
-Establishing a subsidiary company requires the same conditions and procedures as establishing a Japanese company
Another excellent alternative would be to find a Japanese company in order to establish a Joint Venture.
You will most probably need to hire people, and when it comes to this aspect the government of this country will require you to do several things for your employees, but it will also support you with recruitment. The Japanese laws regarding the protection of employees are minimum wage and minimum standards on working conditions. The laws apply to all the companies in this country, no matter if the worker and the company are Japanese or non-Japanese. In case you decide to hire Japanese people and not foreigners then you must know that there are several government-run employment agencies which have offices all over the country and they offer both employers and employees with the excellent support of matchmaking for free.
As a company, you will also be obliged to take part in an insurance system. There are four types such as Employment Insurance, Health insurance, and Nursing Care Insurance, Worker’s Accident Compensation Insurance, and Employee’s Pension Insurance.
In conclusion, setting up a business in Japan is not very hard as long as you know exactly what you want to do and how to do it. Following the necessary steps, you will surely achieve your goal in a short period of time.