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1 In Kabushiki kaisha, filing registration of change of director is necessary periodically
2 In the case of Kabushiki gaisha, bank account in Japan is necessary
3 You can use my bank account to establish Stock company in Japan
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In the case of Kabushiki kaisha, filing registration of change of director is necessary periodically
In the case of joint stock company, it needs to file registration at least once for 10 years.
Because, in the case of joint stock company that is stipulated in its articles of incorporation that transfer of shares of the company requires approval of shareholders meeting, maximum term of office of director is 10 years.
So, at least the company needs to file registration of change of directors.
When the joint stock company does not file any registration for 12 years, legal affairs bureau can, without permit of the company, file registration of dissolution of the company.
In the case of LLC ( GODO kaisha ), there is not such stipulation.
In the case of Kabushiki gaisha, bank account in Japan is necessary
In order to make Kabushiki Gaisha (kabushiki Kaisha=joint stock company) or limited liability company, a person or a company ( subscriber = a person or a company who subscribes for shares of company ) needs to pay fund to company.
( In the most of cases, subscribers coincide with incorporator = Hokki nin )
At the time subscriber pays money to company, there is not bank account of the company.
So, subscriber needs to pay money to one of incorporator.
And in the process of registration of incorporation of joint stock company, incorporator needs to prove that he has received the money by bank account.
Incorporator needs to receive money from subscriber in his bank account.
And he needs to submit scanned copy of his bank book to legal affairs bureau to incorporate Joint stock company.
So, if incorporator does not have bank account in Japan, it should be trouble.
If a person who becomes representative director of newly establish company has bank account in Japan, subscriber can send his money to representative director’s bank account.
However in the case of most of my client, representative director also does not have bank account in Japan.
You can use my bank account to establish Stock company in Japan
So, in that case, I can become incorporator of your company.
Then, subscriber can send money to my bank account ( You can incorporate joint stock company with capital amount of 1 yen ) .
And after I have incorporated your company, I can transfer all shares to you.
In this way, you can own joint stock company without bank account in Japan.
However I know this process is not simple to some extent.
In that case, you can select limited liability company ( LLC ).
In the case of LLC, incorporator does not need to submit scanned copy of bank book to legal affairs bureau.
So, as far as incorporator receives money from subscriber ( bank transfer is not necessary. Subscriber can deliver money to incorporator by hand ), he can incorporate LLC.
“Lesson of incorporation of stock company in Japan 【Conversational style 】”
Difference of cost to incorporate stock company and LLC →
If you want to ask us details, you can send an email.
akiyama(at)japan-law-tax.com You can change (at) into @
