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After explanation of these matters, if buyers agrees to buy the real estate, buyer and seller sign purchase contract and buyer makes a down payment to seller.

If the purchase amount is 10,000,000 JPY, down payment will be 1 million JPY. This percentage differs depending on the cases.

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Japanese Real Estate Ownership Transfer: A Comprehensive Guide

The process of transferring real estate ownership in Japan can be intricate, particularly for foreign individuals or companies unfamiliar with the country's laws and regulations. Whether you are considering buying property in Japan or transferring ownership to another party, understanding the intricacies of the Japanese real estate ownership transfer process is crucial. In this blog, we will provide a comprehensive guide to Japanese real estate ownership transfer, outlining the key legal aspects, taxes, and procedures involved.

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Let’s assume that you are going to start your business in Japan. Even if you are not living in Japan, you can make a company in Japan. This company includes Joint stock company, Limited liability company. If you hope to engage in Non-profit making activities in Japan, you can incorporate NPO or Ippan shadan Hojin.

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When you run a business in Japan, you probably use or purchase software (e.g. accounting software). Therefore, I will try to explain about software and Japanese taxation. The software you use in your business is an asset of the company. So, depending on the situation, you need to depreciate it. Depreciation means that when you buy that software for 1,000,000 yen, you cannot immediately expense 1,000,000 yen.

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Nancy and Ken are getting a divorce (りこん). When they get divorced, they need to decide many things.

They need to decide who will have custody of their children. It might be deciding on alimony payments.

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Here, I will explain how to change representative director (代表取締役) in Japan. Name and domicile of the representative direcotr is registered with commercial registry. So, when her name or domicile is changed, the company needs to file registering of change of her name or domicile to legal affairs bureau within 2 weeks.

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Navigating the complexities of legal matters in a foreign country can be a daunting task. When it comes to legal services in Japan, there is a reliable and experienced professional you can trust: Tomohiko Akiyama. Through his website, japan-law-tax.com, offers comprehensive solutions to clients in need of assistance with legal and tax matters in Japan. In this blog, we will introduce you to Tomohiko Akiyama and the services he provides, along with the reasons why you should choose japan-law-tax.com.

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If you are a delivery person with Uber Eats, there is a possibility that you could suffer a traffic accident, which is why you need to be covered by workers’ compensation insurance. So, if you are self-employed, you may want to join Workers’ Accident Compensation Insurance.

[japanlawtax]

When you prepare your accounting books, you use the double-entry bookkeeping method. You also submit an application to the tax office stating “I will be a blue filer. (within two months of starting to invest in real estate).