Stereotypes of the strong Japanese work ethic and an unwavering dedication to productivity are well known and the impact of its economy can be recognized instantly through the sheer number of huge Japanese brands in our own markets. Having embraced western economic models, the country has a largely deregulated economy with a huge variety of openings for potential investors interested in setting up, licensing or incorporating a business in Japan, from fashion to healthcare.
Enterprises with existing Japanese customers can strengthen their client relationships and build new customers with a lucrative presence in the country. The Japanese government has recognized the lack of FDI (foreign direct investment) in the nation’s economy and offices have become more supportive of overseas investors interested in starting a business in Japan.
There is also a growing perception that foreign companies have a more performance-orientated culture and subsequently the labour market has become more mobile, with high caliber employees now easier to source. Costs such as office rental have also fallen, with prices around half of what they were in the economic boom of the 1980s.
The new Japanese Corporate Law has made it a lot easier to set up a company in Japan.
Registration in Japan is an 8-stage process. This is as follows: