The Japanese economy continues to recover steadily from last year’s slump that was caused by the sales tax hike in April.
Seasonally adjusted in indices of industrial activity
There are five corporate entities to choose from when starting up in Japan.
A foreign individual wishing to start a business in Japan can do so either as sole proprietor (kojin jigyo) or by setting up a company.
A branch office may begin business operations after registering its establishment with the Legal Affairs Bureau; branch offices of foreign companies must register in accordance with the registration requirements for Japanese corporations of most similar form to that of the foreign company.
In Japan, permanent resident taxpayers are taxed on their worldwide income. Non-resident taxpayers are taxed only on their Japan-sourced income.
The Sales Tax Rate in Japan stands at 8 percent. Sales Tax Rate in Japan averaged 5.60 percent from 2006 until 2015, reaching an all time high of 8 percent in 2014 and a record low of 5 percent in 2007. Sales Tax Rate in Japan is reported by...
In Japan, the equivalent of VAT or GST is known as Consumption Tax (‘CT’), and was introduced in January 1989. It is similar to the European Union’s VAT system
A visa is NOT necessary for US passport holders visiting Japan for a short-term stay of less than 90 days with the purpose of tourism and business. *
Japan currently possesses one of the most advanced communication networks in the world.