Today, the Tokyo Metropolitan Government is actually encouraging foreign companies to make this city their new home. The good news is that foreign companies newly headquartered in this city will benefit from preferential tax treatment and also from deregulation as well as fiscal and financial assistance. Therefore, in case you are interested in starting a business in Tokyo, then you should definitely give it a go, because this place is excellent for entrepreneurs. We hope that this short guide about starting your own business in Tokyo will help you to put into practice your idea.
First of all, make the company
If you are planning to start a business in Tokyo while you actually live overseas, then the first step you need to follow is to make the company. The only issue is that you don’t have an address or a bank account in this city or country. Therefore, as a founder you will have to deposit the capital in your personal account, before you actually register. Furthermore, the bank will ask a personal address of the representative. Japanese passport or visa is required in order to get an address in Japan. Therefore, how do you solve this problem? Well, it is not complicated at all. You must create a personal account at the branch of a Japanese bank abroad. You can do that in your country. On the other hand, in case you have a Japanese partner, then he can create an account on his name and address, which is much easier and quicker.
Apply for visa
The next important step you must follow is to apply for visa. In many situations, when you create the company first, there are lots of chances to actually fail to get the visa even if you have already created the company. There are two options for getting a visa. You can either apply for a 4-month visa directly to the immigration bureau, or you could use the system offered by Tokyo city. Keep in mind that you must prepare the right business plan as well as personal history and documents that show you can prepare a capital of a minimum 5 million yen.
Make sure you hire the right people
In any business, the employees can help the company grow and become successful, or the can make it a total fiasco. Therefore, it is essential that you make the right choice when it comes to the people you are going to hire. You need to invest in them, offer regular training as well as other benefits, so that they can be highly productive and help you grow your business. Don’t forget about this aspect, especially if you are living overseas whereas your business is in Tokyo. In plus, for every entrepreneur who plans to open a business while leaving in a different place, a property management software is essential in order to secure his business.