{"id":238,"date":"2023-04-24T14:25:10","date_gmt":"2023-04-24T14:25:10","guid":{"rendered":"https:\/\/companyformationjapan.com\/?p=238"},"modified":"2023-04-24T14:25:13","modified_gmt":"2023-04-24T14:25:13","slug":"establish-a-limited-partnership-in-japan","status":"publish","type":"post","link":"https:\/\/companyformationjapan.com\/establish-a-limited-partnership-in-japan\/","title":{"rendered":"Establish a Limited Partnership in Japan"},"content":{"rendered":"\n<p>A<strong>\u00a0limited liability partnership\u00a0<\/strong>(<strong>Godo Kaisha<\/strong>)\u00a0<strong>in Japan<\/strong>\u00a0represents a type of partnership similar to a general one, however, it has minimum one general partner and minimum one limited partner. Our\u00a0<a href=\"https:\/\/www.companyformationjapan.com\/about-us\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>company formation advisors in Japan<\/strong><\/a>\u00a0can assist you in opening such a business entity in this country.<\/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\/establish-a-limited-partnership-in-japan\/#incorporation-procedure-of-a-limited-liability-partnership-in-japan\" title=\"Incorporation procedure of a limited liability partnership in Japan\">Incorporation procedure of a limited liability 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\/establish-a-limited-partnership-in-japan\/#activities-and-taxation-for-limited-liability-partnerships-in-japan\" title=\"Activities and taxation for limited liability partnerships in Japan\">Activities and taxation for limited liability partnerships in Japan<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"incorporation-procedure-of-a-limited-liability-partnership-in-japan\"><\/span><strong>Incorporation procedure of a limited liability partnership in Japan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In order to incorporate a&nbsp;<strong>limited liability partnership in Japan<\/strong>, the following procedure is required:<\/p>\n\n\n\n<ul>\n<li>\u2022 Preparing the articles of incorporation;<\/li>\n\n\n\n<li>\u2022 In case the member is a foreign business entity, the articles of incorporation have to be signed by the representatives of the foreign entity. It is also required to prepare the certification of the representative\u2019s qualification;<\/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;<\/li>\n\n\n\n<li>\u2022 Applying for the limited liability company application with the Legal Affairs Bureau;<\/li>\n\n\n\n<li>\u2022 Acquiring the Certified Copy of the Commercial Register and others: our&nbsp;<a href=\"https:\/\/www.companyformationjapan.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Japan company formation consultants<\/strong><\/a>&nbsp;can provide further details on what these other acquisitions consist of;<\/li>\n\n\n\n<li>\u2022 Reporting on the setting up of the<strong>&nbsp;limited liability company in Japan<\/strong>&nbsp;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 on the corporation establishment 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=\"activities-and-taxation-for-limited-liability-partnerships-in-japan\"><\/span><strong>Activities and taxation for limited liability partnerships in Japan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The local legislation states that&nbsp;<strong>limited liability partnership<\/strong>&nbsp;members should participate in the activities of the business and it the crucial decision-making activities. Our&nbsp;<a href=\"https:\/\/www.companyformationjapan.com\/company-incorporation-japan\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Japan company formation<\/strong><\/a>&nbsp;specialists can offer more information on this subject.&nbsp;<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>As about taxation, a&nbsp;<strong>limited liability partnership in Japan<\/strong>&nbsp;is treated just like any other&nbsp;<a href=\"https:\/\/www.companyformationjapan.com\/types-of-companies-in-japan\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Japanese company<\/strong><\/a>&nbsp;or civil law partnership when it comes to the individual income and the corporate tax.<\/p>\n\n\n\n<p>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&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 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.<\/p>\n\n\n\n<p>If you would like to know more about the<strong>&nbsp;limited partnership in Japan<\/strong>, or for assistance in<strong>&nbsp;starting a company in Japan<\/strong>, please&nbsp;<a href=\"https:\/\/www.companyformationjapan.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>contact us<\/strong><\/a>.<\/p>\n\n\n\n<p>If you are willing to open a partnership and<strong>&nbsp;<a href=\"https:\/\/www.companyformationjapan.com\/relocate-to-japan\" target=\"_blank\" rel=\"noreferrer noopener\">immigration to Japan<\/a><\/strong>&nbsp;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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A\u00a0limited liability partnership\u00a0(Godo Kaisha)\u00a0in Japan\u00a0represents a type of partnership similar to a general one, however, it has minimum one general partner and minimum one limited partner. Our\u00a0company formation advisors in Japan\u00a0can assist you in opening such a business entity in this country. Incorporation procedure of a limited liability partnership in Japan In order to incorporate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":69,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[38,12,77,14,76],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Establish a Limited Partnership in Japan<\/title>\n<meta name=\"description\" content=\"Here are a few key aspects related to establishing a limited partnership in Japan. 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