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January 2015
From The Director

Greetings,

While we are well into the Year of the Sheep, most of the talk as been about bears and bulls. Does Japan have the political prowess and the resources to climb out of its decades long recession? Well, the latest reports are not promising, and much the same can be said for the economic turmoil in Europe. That does not mean it’s not a good time to start a business. This month we give you a primer are getting your venture or local office up and running in Japan.

On the personal side, when it comes to financial planning, our objective is to help you get the best results possible. Please feel free to contact your financial advisor at any time. If you do not currently have an advisor at Select, please reply to this email and one of our senior consultants will contact you promptly.


Best Regards,

Imants Katlaps

Managing Director

Article

Minding Your Own Business in Japan

“Doing business in Japan,” is usually near the top of every global-minded executive’s list. But starting a business in Japan is whole different ballgame. Yes, there are many hurdles to overcome before you can be up and running. And, compared a place like Hong Kong, Japan's dense layers of legal requirements can make it seem like an unwelcome place for entrepreneurs. However, in the last half decade there has been significant easing of restrictions, such as the former ¥10 million capital requirement. Today, as the country prepares for the 2020 Olympics and seeks to attract even more overseas investors, the message is clear: Japan is open for business and new businesses.

Coming in from overseas
The first thing to consider when starting a business in Japan is what kind of operation to launch. If you are an existing overseas firm seeking to open shop here, there are three typical models...
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