What about Business Manager Visa
Business Manager Visa is necessary to start a business in Japan, and to obtain this Visa, you have to establish a company first. It is possible to establish a company for various purposes with 100% foreign funding since there are almost no particular restrictions on foreign capital in Japan.
In the past, there was a definite condition for establishing a company which stated that at least one of the presidents had to be a resident of Japan, but this rule was abolished when the Companies Act of Japan amended in 2015. It is now possible to both establish a company while you are living overseas and to obtain a Business Manager Visa.
If you would like to change your Visa status to a Business Manager Visa to start a business by two criteria: i.e. a) investing over 5,000,000 yen and b) establishing a corporation.
After establishing a company, you have to report a settlement of accounts and other necessary documents to the tax authority. Furthermore, it is difficult for foreigners who cannot read or write Japanese to draw up these documents owing to the fact that there are many small details. There are no English language services available at the tax authority. We can provide one-stop service from establishing a company to obtaining a Visa to deal with the tax authority. (Our tax accountant partner will handle this responsibility.)
Flow of Procedures
The minimum requirements for obtaining a Business Manager Visa are as follows:
1. Preparing for an office (compartment space) in Japan.
2. Establishing a corporation either Limited Liability Company (LLC.) or Joint-Stock Company (Inc.)
3. Acquiring over 5,000,000 yen in company investments (including loans).
Please note: LLC. is referred to as GK, and Inc. is referred to as KK.
It usually takes about three (3) weeks for an Inc. and one (1) week for an LLC to set up a company.
The next step is to apply for a Business Manager Visa takes more than two (2) months.
The similarities between an LLC and an Inc. are as follows:
1. Tax system: They share the same tax system (corporation tax).
2. Liability: Both have limited liability.
The differences between an LLC and an Inc. are as follows:
1. Establishment costs: It costs around 340,000 yen for establishment of Inc. (Co.,Ltd) and around 200,000 yen for establishment of LLC.
2. Title of president: The president is called a representative director in an Inc. and a representative partner in a LLC.
3. Investment from VC (venture capital) : A limited liability company is a kind of private company and has no concept of listing because it does not issue shares. There are also cases of discordance between the ratio of investment and voting rights because there is no stockholder’s equality principle like in a stock company. For this reason, it is difficult to accept investments compared to a stock company. Moreover, if receiving a third-party allotment from venture capital, a stock company has the advantage over a limited liability company.
Procedures
Completing Articles of Incorporation is the most important issue when it comes to establishing a company. Therefore, for an Inc. it is essential to go to the public notary office to have the articles of incorporation drawn up and notarized. (Inc. takes more time to process than LLC.)
Required documents from the client
1. In case of an Inc.: A stockholder certificate and the certificate of the board member’s seal registration (one of each) are required. (If there are more than two board members, both the certificate and seal registrations are required from each member as well as certificates of residence.)
2. In case of a LLC: Only the certificate of the board member’s seal registration is required.
Note: Concerning points #1 and #2 above, in case you can’t get a certificate of this seal registration without official residence in Japan, you have to submit proof of your home address and proof of signature from your country’s authorities instead.
If you want to establish a company urgently, we have special service.
NAGAI LEGAL VISA OFFICE
We help you applying for not only legal work for foreigner like to change or renewal of visa status, permanent residency, naturalization, special permission for residence, international marriage, and temporary work permission but also specialized in legal work of application for copyright registration, drafting copyright contracts and consulting copyright issue.
Especially, our specialized fields are the Corporate Immigration Services, please check our special site of “Business Manager” visa and company formation.
We also provide the service to the owner who is currently or going to employ foreigners to their office (Application for nationalization is submitted not to Immigration office but to Legal Affairs Bureau).
And we also have service in all fields of drafting various contracts and legal consultation.
You are always welcome to our office, so please feel free to contact us for any kind of problems like
● have Japanese spouse
● work for Japanese company
● wish to invite your family to Japan
● have your visa application rejected
● overstay in Japan (staying in Japan with expired visa)
● wish to apply for naturalization
● any support for copyright and other legal matters.
FREE CONSULTATION!
Please do not hesitate to contact us.
Kenny NAGAI
Office : 4-4-2, Kitasuna, Koto-ku, Tokyo
Call : 03-3644-6771 Mobile 090-7092-6258
website : www.nagailawoffice.com（only Japanese）
mail : Nagailawoffice777@gmail.com