Japanese business license support services
- Ensuring your company’s Articles of Incorporation are appropriate for the intended license.
- Confirming that your company’s financial standing, including paid-in capital, net asset value, cash at bank, etc. are sufficient for the intended license.
- Checking that your company’s ownership structure, organization, management qualifications and experience, physical office space and layout, etc. satisfy the requirements for the intended license.
- Collating the procedural manuals needed to comply with the intended license’s requirements.
- Submitting the license application to the relevant Japanese government agency.
- Coordinating with the licensing agency, including managing questions and other matters, until it issues the license.
- Preparing annual statutory reports for the licensed business and submitting them to the licensing agency.
- Preparing amendments to registered license details when relevant details of your company change, such as: changes of business manager, registered address, etc., and submitting to the licensing agency.
If a Japanese company starts business in a licensed sector without first receiving the requisite license, it will be shutdown, fined, and in certain cases the directors or managers may be imprisoned. If a company doing business in a licensed sector changes its registered details and does not notify the licensing agency about the changed details within 60 days, it may be fined, and in certain cases shutdown and its license withdrawn. In any of these cases, directors and managers of the company might be restricted from dealing in a licensed business for several years. Japanese companies make sure they have requisite business licenses and that their registered details are always correct.