corporate Archives - Page 8 of 13

October 17, 2016

How do investors prove their initial investment in a startup company?

One of the requirements to establish a company in Japan is to prove that the requisite money for the initial investment is available. However, since this proof is required before the company is formed, the yet-to-be-established company will not have a bank account yet. Therefore, the initial investment must be deposited into the bank account of one of the founding members.

September 16, 2016

Can a company in Japan fire someone for taking time off for medical reasons?

In general, an employee in Japan may not be fired if the dismissal lacks objectively reasonable grounds. Dismissals are also invalid if they occur within 30 days of an employee missing work for medical treatment, or for a woman employee leading up to or following childbirth. These rules prevent companies from arbitrarily firing employees or punishing them for taking necessary medical leave.

August 26, 2016

What kind of government fees are required to form a company in Japan?

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).

August 5, 2016

Is it legal to have employees pay a penalty when they quit without notice?

In order to ensure predictability in the management of their business and staff, many employers will draft employment contracts that specify that employees must give notice before quitting their job. Typically the required notice will be several weeks to several months. However, even if an employee fails to give notice, employers cannot force pre-determined penalties on employees who suddenly quit.