Corporate services
Audit & Assurance
World-wide CPAs acquainted with US, European, or Japanese standards enhance the corporate value.
- Accounting, auditing and
governance/regulatory matters - Accounting change
- Fraud
- Corporate governance
- Responding to audit firm
- Sustainability reporting
Bookkeeping, accounting, and payroll
Entities should keep accounting records in accordance with Japanese GAAP for conducting business activities in Japan. We offer financial reporting and bookkeeping under major GAAP around the world such as IFRS, U.S. GAAP, and JGAAP. Reclassification of financial statements, global payroll calculation, and payroll adjustment for tax saving around the world are one of the biggest advantages of us. You can outsource a back office function in whole or in part to us.
Feature and advantage
Regarding bookkeeping, we regularly keep evidences such as receipts, invoices, copies of bank book and handwritten slips from our clients, and will enter them into accounting software. To make easier for clients to confirm the transactions later, we allocate the same number for both an evidence and corresponding journal entry.
You do not need to purchase accounting software nor hiring accounting personnel by using our service, which achieve substantial cost reduction.
We also offer payroll, cash management, accounts receivable/payable management, payment agency, reporting to overseas headquarters or group firms and monthly closing both in English and Japanese.
Our services have attracted favorable comments from clients who successfully reduced accounting & HR costs or start up entities.
Tax Advisory
We respond to various needs for tax practice from foreign-affiliated companies.
- Tax advisor
- Book closing, tax return
preparation and filings - Tax planning
- Tax consultation about stock
option for non-resident officers - Tax planning
- Corresponding to tax
audit by national tax agency
We are able to respond to tax inquiries or request for consultation from overseas in English. Our experienced team members and CPAs who have much work experience in abroad will respond to your concerns or requests with understanding the characteristics of foreign-affiliated companies’ business.
Our services are also valuable for you as a second opinion.
Please do not hesitate to contact us.
Setting up entities in Japan
We assist non-Japanese entities to establish corporations in Japan. When you plug into Japan for doing business, you should set up an entity in compliance with Japanese Commercial Code including Companies Act and/or Foreign Exchange and Foreign Trade Control Law.
In general, foreign entities select one from the following major form of organization-a representative office,
branch office, or subsidiary.
All have their distinctive characteristics,
and respective advantages and disadvantages are as follows.
| Representative office | Branch office | Subsidiary | |
|---|---|---|---|
| Registration | n.a. | Submit a notice of opening a branch office to bank. Registration for Legal Affairs Bureau is not needed. | Registration for Legal Affairs Bureau & submission of a notice to bank are needed. |
| cost | n.a. | tax | Registration license tax Attestation fee (to obtain certificate for articles incorporation) Capital. *JPY 5 million of capital is needed to keep business manager visa for non-Japanese directors . |
| Requirement for directors |
n.a. | At least one Japanese resident director is needed. | At least one director is needed. Representative director should be Japanese resident. |
| Allowed to conduct commercial activities |
No *Limited non- commercial activities such as market research, advertisement or reporting to head office are allowed. |
Yes | Yes |
| requirement | n.a. | main branch | Yes |
In addition, employers should consider the types of visas for non-Japanese directors and employees, obligation to join national labor insurance or social security taxes and the cost of legal compliance after the establishment. We recommend that you select the appropriate form of your organization after careful thought about legal affairs, accounting, taxation, and HR & labor code.
We review all key points for your business after interviewing your request in detail.
Also, we provide specific tax consultation including thin capitalization rules for business group that need large amounts of funds injection. Please don’t hesitate to try our initial consultation for free.