A limited liability partnership (Godo Kaisha) in Japan represents a type of partnership similar to a general one, however, it has minimum one general partner and minimum one limited partner. Our company formation advisors in Japan can assist you in opening such a business entity in this country.
In order to incorporate a limited liability partnership in Japan, the following procedure is required:
The local legislation states that limited liability partnership members should participate in the activities of the business and it the crucial decision-making activities. Our Japan company formation specialists can offer more information on this subject.
In case this Common Enterprise Condition is not respected, the partnership is treated as a regular civil law partnership in regards to the limitation on liability and other aspects, including taxation.
As about taxation, a limited liability partnership in Japan is treated just like any other Japanese company or civil law partnership when it comes to the individual income and the corporate tax.
The partners who decide to unite their expertise and resources to form a partnership will also need to comply with the requirements for legally residing in Japan. Long and short-term Japanese residency is possible, however, the individual will need to comply with certain requirements, among which being able to show that he or she is financially independent. Our team can give you more details.
If you would like to know more about the limited partnership in Japan, or for assistance in starting a company in Japan, please contact us.
If you are willing to open a partnership and immigration to Japan interests you, our team will give you complete details not only about residency for short-term purposes, but also about the requirements for acquiring permanent residency, followed by naturalization. The latter is the final process through which a foreign national goes to in order to be granted Japanese citizenship.