Highlights of Before October 16 and After (Including) October 16
The table on the next page offers a comparison of the situation before and after the amendments, highlighting the key changes, improvements, and implications brought about by the revised provisions.2,3,4,5
Category
Before
After (effective October 16)
Implication
Capital requirements
Minimum: JPY 5 million
Minimum: JPY 30 million (six-fold increase)
Aims to foster substantive business operations and prevent nominal company establishments.
Employment requirements
No obligation
Mandatory employment of at least one full-time employee who is a Japanese national, a permanent resident, spouse of Japanese national, spouse/child of permanent resident or long-term resident.
Highlights the necessity of substantive business activities.
Japanese language requirement
No requirement
Either the applicant or one of the full-time…
