1 yen entrepreneurial startup fee sound too easy?
Japan Times, Dec 3
Setting up companies in Japan is getting easier as the government tries to encourage more people to become entrepreneurs.
Incorporating a company of a certain size basically requires either 3 million yen or 10 million yen in capital. Firms of those sizes are entitled to a legal and social status that more personal types of companies do not enjoy.
But a temporary law that took effect in February 2003 lowered the required capital to just 1 yen....
...legal experts warn that relaxing capital thresholds will undermine the credibility of small businesses by unleashing hoards of irresponsible entrepreneurs and fly-by-night operations.....more...
