Japan, with its developed economy and unique culture, is an attractive destination for foreign entrepreneurs. However, starting a business in a foreign country can involve navigating a complex process. Fortunately, organizations like the Osaka Chamber of Commerce and Industry (OCCI) offer valuable support to streamline this process.

This article focuses on the essential information for foreigners considering starting a business in Japan, with a particular emphasis on how the Osaka Chamber of Commerce and Industry can be beneficial.

Key Steps for Foreigners Starting a Business in Japan

Before delving into the role of the Osaka Chamber of Commerce and Industry, let’s understand the basic steps for starting a business in Japan.

• Formulating a Business Plan: Just like in any other country, a solid business plan is essential. Clearly define your business model, target market, marketing strategy, and financial projections. You also need to consider the specific characteristics of the Japanese market.
• Selecting a Legal Structure: You need to decide on the legal structure of your business. Common options for foreigners include:
  • Kabushiki Kaisha (KK): The most common form of corporation in Japan, suitable for medium-sized and large businesses.
  • Godo Kaisha (GK): Easier to establish and manage than a KK, often preferred by small businesses and startups.
  • Goshi Kaisha (GS) / Gomei Kaisha (GMK): Partnerships with unlimited and limited liability partners, but less common nowadays.
  • Branch Office of a Foreign Company: If your parent company is overseas, you can establish a branch office in Japan.
• Obtaining a Visa: This is a crucial step for foreign entrepreneurs. The Business Manager Visa is necessary for those intending to start and manage a business in Japan. Requirements include a minimum capital of 5 million yen and having a business office in Japan.
• Company Registration: Depending on the chosen legal structure, you will need to submit necessary documents to the Legal Affairs Bureau (Homukyoku) to register your company.
• Opening a Business Bank Account: Opening a business bank account in Japan can be challenging for foreigners. The Osaka Chamber of Commerce and Industry may be able to provide support or introductions in this regard.
• Tax-Related Procedures: You need to register with the tax office and understand the Japanese tax system.
• Social Insurance and Labor Insurance Procedures: If you plan to hire employees, you will need to handle social insurance and labor insurance procedures.
• Finding an Office: As a requirement for the Business Manager Visa, having a physical office space may be necessary.

The Important Role of the Osaka Chamber of Commerce and Industry (OCCI)

The Osaka Chamber of Commerce and Industry is one of the largest and most influential economic organizations in Japan. It offers a wide range of services and resources to support businesses, including foreign entrepreneurs. Let’s look specifically at how the Osaka Chamber of Commerce and Industry can be beneficial.

• Startup Consultation and Support: The Osaka Chamber of Commerce and Industry provides individual consultations and support for foreigners considering starting a business in Osaka and the surrounding areas. You can receive advice on legal requirements, registration procedures, and potential challenges faced by foreign entrepreneurs.
• Market Information and Networking: The Osaka Chamber of Commerce and Industry has in-depth knowledge of the local market and can provide valuable information on the industry you are considering entering, competitors, and business opportunities. They also host networking events to help you connect with potential partners, customers, and suppliers.
• Seminars and Workshops: The Osaka Chamber of Commerce and Industry regularly holds seminars and workshops on various business-related topics such as taxation, commercial law, marketing, and management. Some of these may be specifically targeted at foreign entrepreneurs or available with English support.
• Visa Acquisition Support: While the Osaka Chamber of Commerce and Industry does not issue visas themselves, they can provide information and support in preparing the necessary documents for the Business Manager Visa application. They may also be able to introduce you to specialists in immigration law.
• Introduction to Experts and Services: The Osaka Chamber of Commerce and Industry can introduce you to experts such as accountants, lawyers, and tax advisors who have experience supporting foreign companies. They can also help you find service providers such as translators, interpreters, and real estate agents.
• Language Support: While Japanese is the primary language, the Osaka Chamber of Commerce and Industry may have staff who can communicate in English or provide translation services to facilitate communication.
• Introduction to Office Spaces and Incubation Facilities: The Osaka Chamber of Commerce and Industry can provide information on or introductions to rental office spaces and business incubation facilities that may suit your needs.

How to Maximize the Resources of the Osaka Chamber of Commerce and Industry

To make the most of the services offered by the Osaka Chamber of Commerce and Industry, follow these steps:

• Check the Osaka Chamber of Commerce and Industry Website: The Osaka Chamber of Commerce and Industry website (usually in Japanese, but sometimes with English sections) is a good starting point to learn about their services and activities.
• Contact Them Directly: Contact the Osaka Chamber of Commerce and Industry directly by phone or email to express your interest, explain your situation and needs, and ask specific questions. They may have a dedicated contact point for foreign investors.
• Participate in Events and Seminars: Attending events and seminars organized by the Osaka Chamber of Commerce and Industry is an excellent opportunity to network and gain valuable knowledge.
• Apply for Individual Consultation: Consider applying for an individual consultation to discuss your specific situation and receive personalized advice.
• Utilize Introductions: If necessary, ask the Osaka Chamber of Commerce and Industry to introduce you to experts or service providers.

Other Useful Resources for Foreigners Starting a Business in Japan

Besides the Osaka Chamber of Commerce and Industry, there are several other resources that can be helpful for foreign entrepreneurs:

• JETRO (Japan External Trade Organization): JETRO is a government organization that promotes foreign investment in Japan. They offer a wide range of information and support for foreign investors.
• Your Country’s Embassy or Consulate: Your embassy or consulate in Japan can provide information and assistance to citizens of your country.
• Legal and Accounting Professionals: It is crucial to work with professionals who have experience supporting foreign companies in Japan.
• Foreigner Communities: Joining communities of expatriates and connecting with other foreign entrepreneurs can provide valuable advice and support.

Conclusion

Starting a business in Japan as a foreigner involves some challenges, but with careful preparation and the support of organizations like the Osaka Chamber of Commerce and Industry, the process can be significantly simplified. The Osaka Chamber of Commerce and Industry offers a wide range of resources and services, from visa acquisition support to market information and networking opportunities, which are essential for navigating the Japanese business environment. By making the most of these resources, you can increase your chances of success in the Japanese market. Don’t hesitate to contact the Osaka Chamber of Commerce and Industry and explore all the opportunities they offer to realize your entrepreneurial dreams in Japan.