Fund Transfer Registration in Japan: A Guide for Foreign Companies
投稿日：2024年2月2日
Hello, my name is Shimizu, and I specialize in fund transfer operations.
Recently, we have seen an increase in inquiries about registering for fund transfer operations.
In the past, most inquiries came from domestic companies wanting to start fund transfer operations.
However, lately, we have seen more inquiries from foreign companies that are already engaged in fund transfer operations abroad and wish to expand into Japan.
In terms of the registration process running smoothly, foreign companies have certain advantages over new domestic companies due to:
- An established business model.
- Expertise in remittance business.
However, in practice:
- It takes time to communicate and consult with decision-makers at the headquarters.
- Having remittance services abroad can hinder understanding of Japanese legal systems.
- Different languages lead to higher communication and translation costs.
As a result, the registration process often takes longer for foreign companies than for domestic ones.
Therefore, our recommendation for ensuring a smooth registration process is to appoint a local representative in Japan.
This can help avoid the above-mentioned issues (of course, this needs to be weighed against the cost of appointing a local representative).
Our office has extensive experience in supporting fund transfer business registration, both domestically and internationally.
We offer a range of services tailored to your specific needs, from total support in the registration process to assistance with meetings with the Financial Services Agency.
The first consultation is free. Please feel free to contact us for any inquiries.