The Japanese government assesses a number of taxes and fees during the course of the establishment of a new corporation in Japan. Some of these fees include a stamp for the articles of incorporation (approx. 30,000 JPY) and a registration license tax (150,000 JPY or 0.7% of the capital investment, whichever is higher).
The Utility Model Act protects the shape or structure of a device. Typically, Utility Model applications are reserved for inventions that are simpler than those covered by the Patent Act and as such, the application process is also streamlined. However, the 10 year protection granted is only half as long as the duration of a patent right.
It is always possible that a debtor company may file for bankruptcy if confronted with a debt that it cannot pay. However, this does not necessarily mean that the creditor will not be able to collect at lease part of the debt. A creditor should be given proper notice before the start of a bankruptcy hearing and will have a chance to claim part of the bankrupt debtor’s assets.
There are three main types of wills in Japan: Self Written wills, Notarized Deed wills and Secret wills. Any of these wills will ensure that your property is passed on according to your wishes. However, there are certain unique aspects to each type that can be beneficial in certain situations.