TOKYO, Japan -- Corporate Bank Account Opening Procedure in Japan

The procedures to open corporate bank accounts in Japan have become tighten.

Please note that with some changes in the banking system in Japan for new company or branch office opening up of corporate bank account with major banks in Japan has become very stringent and though the screening process and procedure varies bank to bank but as a general guideline please note the followings.

The process of screening may take 2~3 weeks and application can be made only after the completion of the registration of the legal entity i.e. branch office or local subsidiary company in Japan.

Corporate users require explaining their main businesses and the names, addresses and birthdays of their main shareholders.

Sample application procedure of a major bank in Japan is described as below:

Type of Account: Futsu Koza (Ordinary Bank Account)

Required items for opening a Corporate Bank Account:

1] Application form available at the bank

2] Branch or Local Company Registration Certificate Original Copy

3] Branch or Local Company’s Certificate of “Registered Seal (Stamp)” Original Copy

4] Registered seal (stamp) {Jitsu-in} (please note account can be also opened with another seal (stamp) which is not registered but registered seal (stamp) is required for application purpose)

5] Company documents (optional)

a] Company Profile / Company brochure

b] Lease agreement relating to principal office

c] Receipts of payments for national & local taxes / acknowledgement copy of post incorporation mandatory reporting to national & local tax authority re new established branch / local co

6] Personal identification proof of the person who applies on behalf of the company

7] Re applicant: In case of company employee; company ID, a letter from an attorney specifying that the representative of the corporation entrusted the person who visited the bank for opening the account for the company & endorsed by the registered company seal (stamp). However, in case the applicant is a director or Rep in Japan and his / her name is on registration certificate letter from attorney is not required. For others “Power of Attorney” is required.

For further info please visit us at www.sarkaroffice.com and send inquiry.

The above procedures re Opening of a Corporate Bank account in Japan is for illustration purpose.


Contact
Sarkar Office Japan KK
+81(03) 5631-9127