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Kabushiki Kaisha(KK)
Kabushiki Kaisha is similar to the joint stock corporation in the U.S.,
and often used in setting up a business in Japan. Large scale corporations
always choose KK because a variety of methods are available to gather investment
(for example, stock option and corporate bond). The representative elements
of KK are as follows:
- Head office: Should be in Japan
- Capital: JPY10,000,000 or more (some exceptions apply)
- Business purpose: A company should register specific business purposes
in Japan, even if the parent company is allowed to do everything that is
legally allowed in its country.
- Officers: At least three directors and one auditor is necessary. One or more of the directors should be representative directors, and at least one representative director should be a resident in Japan.
Flow of procedures for incorporating Kabushiki Kaisha (Incorporation without
Offering)
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| Determine the basic matters for incorporation (Company name, business purposes, location of head office, directors, auditors, etc.) |
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| Search for similar company name |
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| Confirmation if prior notification is required under the Foreign Exchange Law |
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| Notarization of the Articles of Incorporation |
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| Payment of capital |
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| Receive a certificate of holding money issued by bank |
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| Lodging the application with the Legal Affairs Bureau for commercial registration |
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| Completion of registration; acquisition of certificate of registration
and certificate of company seal |
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| Filing documents to relative authorities |
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Time required: about one month if prior notification to the Bank of Japan
is unnecessary.
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