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Term of directors of corporation in Japan

Term of directors of corporation in Japan

When she ( original shareholder of stock company in Japan ) needs to determine term of directors and auditors and stipulate it in articles of incorporation.

It may be for 2 years or ten years after date of director’s election.

But if she wants to remove a director within his term of office, she needs to make resolution of “dismissal” or need to receive  “resignation letter”.

If term of his office is one or two years, she may be able to wait for end of term of office.

  On the other hand, if term of office is 2 years, she needs to file registration of change of director every two years and it will cost some registration tax ( 10,000 yen or 30,000 yen. It differs depending on amount of stated capital amount. ) and fee for judicial scrivener.

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