No longer 3M yen to start a Japanese company

[Taro Toporific]

Note this news if any of you FG need to form a Japanese KK company in order to have your own company sponsor your "Business" work visa...

One piece of legislation that did become law on Saturday [Feb. 1, 2003], is the decision by the government to drop the minimum capitalization requirements on new companies. Now, instead of paying in capital of JPY3m for a Yugen Kaisha, or JPY10m for a Kabushiki Kaisha, you need just one yen (JPY1) to get a company started! Admittedly there are some proviso's about having to increase the capitalization within 5 years or else dissolve the company, but surely this change will spur a whole new generation of small companies...
---from: TERRIE'S TAKE, JapanInc magazine's email newsletter -- A weekly roundup of news & information from Terrie Lloyd. General Edition Sunday 2nd, February 2003 Issue No.215

[gomichild]

Woo hoo! I've got at least one yen! I can finally do it!

[groovewonder]

I'll dish in an extra ten yen to support your cause if you've got some good ideas. For one yen a pop, I could start up a few businesses!!! Or at least help a few get started!!! :P