{"id":236,"date":"2023-04-24T14:12:10","date_gmt":"2023-04-24T14:12:10","guid":{"rendered":"https:\/\/companyformationjapan.com\/?p=236"},"modified":"2023-04-24T14:12:13","modified_gmt":"2023-04-24T14:12:13","slug":"set-up-a-general-partnership-in-japan","status":"publish","type":"post","link":"https:\/\/companyformationjapan.com\/set-up-a-general-partnership-in-japan\/","title":{"rendered":"Set up a General Partnership in Japan"},"content":{"rendered":"\n<p>A\u00a0<strong>general partnership<\/strong>, known in Japanese as a Godo kaisha, is similar to the\u00a0<a href=\"https:\/\/www.companyformationjapan.com\/open-a-llc-in-japan\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>limited liability company<\/strong><\/a>\u00a0in the U.S. or the GmbH in Germany. The\u00a0<strong>general partnership in Japan<\/strong>\u00a0is a legal entity which is able to effectuate all normal business activities and has a more flexible structure than the joint stock company. Our\u00a0<a href=\"https:\/\/www.companyformationjapan.com\/about-us\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>company formation consultants in Japan<\/strong><\/a>\u00a0can help you open such a company in Japan.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/companyformationjapan.com\/set-up-a-general-partnership-in-japan\/#incorporation-procedure-for-starting-a-general-partnership-in-japan\" title=\"Incorporation procedure for starting a general partnership in Japan\">Incorporation procedure for starting a general partnership in Japan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/companyformationjapan.com\/set-up-a-general-partnership-in-japan\/#characteristics-of-a-general-partnership-in-japan\" title=\"Characteristics of a general partnership in Japan\">Characteristics of a general partnership in Japan<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"incorporation-procedure-for-starting-a-general-partnership-in-japan\"><\/span><strong>Incorporation procedure for starting a general partnership in Japan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In order to&nbsp;<strong>open a general partnership in Japan<\/strong>, the following incorporation procedure has to be effectuated:<\/p>\n\n\n\n<ul>\n<li>\u2022 Preparing the articles of incorporation: in case the member represents a foreign entity, the articles of incorporation have to be signed by the representative of the foreign entity. The qualification of the representative also has to be prepared;<\/li>\n\n\n\n<li>\u2022 Paying the capital subscription by the members;<\/li>\n\n\n\n<li>\u2022 Determining the executive members and the representative ones: their address can be outside of Japan;<\/li>\n\n\n\n<li>\u2022 Applying for the establishment of a company with the Legal Affair Bureau;<\/li>\n\n\n\n<li>\u2022 Acquiring a certified copy of the Commercial Register, etc: Our experts in&nbsp;<a href=\"https:\/\/www.companyformationjapan.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>company formation in Japan<\/strong><\/a>&nbsp;can offer further information on this matter;<\/li>\n\n\n\n<li>\u2022 Reporting the establishment of the entity to the appropriate ministers through the Bank of Japan;<\/li>\n\n\n\n<li>\u2022 Setting up a corporate account with a commercial bank;<\/li>\n\n\n\n<li>\u2022 Reporting the establishment of the&nbsp;<a href=\"https:\/\/www.companyformationjapan.com\/types-of-companies-in-japan\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>entity<\/strong><\/a>&nbsp;to the Tax Authorities and the appropriate local government.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"characteristics-of-a-general-partnership-in-japan\"><\/span><strong>Characteristics of a general partnership in Japan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Mainly, the investor or investors of a&nbsp;<strong>general partnership in Japan&nbsp;<\/strong>have to individually do business and represent the corporation.<\/p>\n\n\n\n<p>This implies that the owner or owners of such a business entity have to manage the business. It is possible, though, to effectuate activities and choose a representative from the executive investors. Our&nbsp;<strong>Japan company formation<\/strong>&nbsp;advisors can offer more information on this subject.<\/p>\n\n\n\n<p>Even if it is named a general partnership, such company can be established by a sole owner. The<strong>&nbsp;general partnership in Japan<\/strong>&nbsp;is a combination of limited liability of investors and a flexible company structure.<\/p>\n\n\n\n<p>In a general partnership, the liability of the partners is a key aspect. However, for foreign nationals who wish to enter into such a business venture, the aspect of obtaining and maintaining&nbsp;<a href=\"https:\/\/www.companyformationjapan.com\/how-to-obtain-a-residence-permit-in-japan\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Japanese residency<\/strong><\/a>&nbsp;is also a key component. Our team can give you more details about the types of visas and residence permits available to foreign nationals and will provide guidance on application according to your nationality.&nbsp;<\/p>\n\n\n\n<p>If you need to know more about&nbsp;<strong>setting up a general partnership in Japan<\/strong>, we invite you to&nbsp;<a href=\"https:\/\/www.companyformationjapan.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>speak<\/strong><\/a>&nbsp;to one of our&nbsp;<strong>company formation<\/strong>&nbsp;representatives&nbsp;<strong>in Japan<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A\u00a0general partnership, known in Japanese as a Godo kaisha, is similar to the\u00a0limited liability company\u00a0in the U.S. or the GmbH in Germany. The\u00a0general partnership in Japan\u00a0is a legal entity which is able to effectuate all normal business activities and has a more flexible structure than the joint stock company. Our\u00a0company formation consultants in Japan\u00a0can help [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":138,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[38,12,75,9,74],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Set up a General Partnership in Japan<\/title>\n<meta name=\"description\" content=\"Here is a brief guide on how to set up a general partnership in Japan. 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