Leading High Performing Remote Teams
How can leaders ensure that performance remains high in remote or hybrid-work environments?
Content Marketing
In this course, you’ll learn how compelling blogs, videos, podcasts, and other media can reach customers and drive sales. You’ll also learn steps for creating an effective content marketing plan, and some important ways to measure its impact and success.
Content marketing is a essential digital marketing strategy for companies looking to provide relevant and useful information to support your community and attract new customers.
Get started on your content marketing journey today.
Sustainable Innovation in Times of Disruption: Choices for a Better Society
There are opportunities for progress all around us. The key is to innovate on these opportunities sustainably.
To help identify most effective path forward, you'll need to gain a global perspective to these challenges in an open discussion. How can Japan and the world take action to create a more sustainable, innovative world? Where do you fit in?
It's time to find out.
Social Media & Digital Communications: Impact on Global Public Opinion
Social and digital media have dominated the communications industry for decades. But it's no secret that social media has the power to sway public opinion, and the way in which many companies use these platforms could be seen as manipulative.
What do companies need to be aware of when utilizing social and digital media? How can these mediums be used to better communicate strategically with the world?
Discover what top media and communications experts have to say.
CAGE Distance Framework
Want to expand overseas? The CAGE distance framework can help ensure you're constructing a solid global strategy in four areas: cultural, administrative, economic, and geographic. Learn how to leverage useful differences between countries, identify potential obstacles, and achieve global business success.
Servant Leadership
There's more to leadership than driving a team to profit. In fact, there's a word for looking beyond self-interest to prioritize individual growth: servant leadership. Try this course for a quick breakdown of what that is, how it works, and how it can lead to organizational success.
Strategy: Creating Value Inside Your Company
Have you ever wondered why certain companies are more successful than others? The answer is strategy: internal processes that control costs, allocate resources, and create value. This course from GLOBIS Unlimited can give you the tools you need for that strategic edge.
Strategy: Understanding the External Environment
To plan strategy on any level, you need to understand your company's external environment. In fact, your level of understanding can impact hiring, budgeting, marketing, or nearly any other part of the business world. Want to learn how to do all that? This course from GLOBIS Unlimited is the perfect first step!
Using Japanese Values to Thrive in Global Business
Japanese companies have unique cultural, communication, and operational challenges. But they also have values that have led to remarkable longevity. Check out this seminar to hear how these values help earn trust from overseas head offices and develop employees.
Marketing: Reaching Your Target
Every company works hard to get its products into the hands of customers. Are you doing everything you can to compete? In this course, you’ll find a winning formula to turn a product idea into real sales. Follow along through the fundamentals of the marketing mix and see how companies successfully bring products to market.
Basic Accounting: Financial Analysis
Want to compare your performance vs. a competitor? Or evaluate a potential vendor? Then you'll need to conduct a financial analysis. This course will teach you how to use three financial statements and evaluate financial performance in terms of profitability, efficiency, soundness, growth, and overall strength.
Career Anchors
What drives you to be good at your job?
Career anchors are based on your values, desires, motivations, and abilities. They are the immovable parts of your professional self-image that guide you throughout your career journey.
Try this short GLOBIS Unlimited course to identify which of the eight career anchors is yours!
Leadership with Passion through Kokorozashi
The key ingredient to success? Passion.
Finding your kokorozashi will unify your passions and skills to create positive change in society. This GLOBIS Unlimited course will help you develop the values and lifelong goals you need to become a strong, passion-driven leader.
As the 2nd strongest Asian economy and 4th largest globally in terms of GDP, Japan provides a conducive business environment for aspiring foreign entrepreneurs. The country’s strong emphasis on technological innovation and R&D, world-class infrastructure, quality services, government support, and evolving cultural dynamics allow plenty of room for entrepreneurial growth.
While starting a business in Japan may seem overwhelming, the country has greatly streamlined its processes to encourage foreign investment. Here are 4 simplified, but essential, steps for foreign entrepreneurs aiming to start a business in Japan.
Conduct market research and prepare a business plan.
Japan–once dominated by large, traditional corporations–has seen increased entrepreneurial activity over the past decade. Key industries include technology, manufacturing and consumer goods, with significant growth in e-commerce, biotech and renewable energy.
A detailed business plan explains what a business offers and why it is unique, including a thorough market analysis of the business’ industry, target market and competitors as well as financial projections, a marketing and sales strategy, logistics and operations and an assessment of potential risks.
Most importantly, a business plan is required to secure a business visa in Japan.
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Apply for an appropriate Visa.
Foreign entrepreneurs aiming to start a business in Japan are required to obtain either a Start-Up Visa (or “4-Month Business Manager Visa”) or an Investor Visa (or “One-Year Business Manager Visa”). These visas allow foreign entrepreneurs to obtain a residence card, open a bank account and register their business in Japan.
The Start-Up Visa is used as a preparatory period for foreigners to meet the basic requirements of starting a business. However, it is only available in certain cities such as Tokyo, Hiroshima and Aichi Prefectures, Sendai, Fukuoka, Imabari and Niigata. Requirements for this visa vary depending on each municipality.
The longer-term Investor Visa requires having a collaborator in Japan–usually an immigration official or a co-founder/business partner legally residing in Japan–who can help complete the preparatory requirements of starting a business before the actual visa application (which can be done overseas).
Basic application requirements for both visas include a business plan, a copy of the applicant’s passport, proof of funds and other supporting documents. Both visas also require:
- An investment capital of at least JP¥5 million (currently around US$32,000) or at least two full-time employees, and;
- A physical office space.
Visa applicants are highly advised to consult an immigration official, as certain requirements may be adjusted on a case-to-case basis.
Choose a business structure.
There are four kinds of companies in Japan: a Corporation (Kabushiki Kaisha, or KK), Limited Liability Company (Godo Kaisha, or GK), General Partnership (Gomei Kaisha, or GK), and Limited Partnership (Goshi Kaisha, or GK). Each business structure has its pros and cons, but the first two (KK and GK) are the most common. Your chosen business structure will affect matters relating to taxation, registration processes and operational flexibility.
Also known as a stock company, the Kabushiki Kaisha (KK) or Corporation is owned by shareholders and managed by a board of directors. Stocks can be publicly traded on the open market. It is perceived as the most trustworthy type of business in Japan.
On the other hand, the Godo Kaisha (GK) or Limited Liability Company, is a more flexible company structure often chosen by smaller businesses. Registration costs are more affordable, and the company is directly owned by members who have invested capital in the business. However, it is relatively new and not yet well-known in Japan.
If you already have a business overseas and want to establish a market presence in Japan, other options include opening a representative office, a branch office or a subsidiary company. However, these have certain disadvantages–for instance, representative and branch offices are not considered legal entities in Japan and cannot partake in trade activities.
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Register your business.
Registering a business in Japan requires submitting certain documents such as:
- Articles of Incorporation (Teikan).
- Registered company seal (Inkan), including company information.
- Registered company trademark.
- Bank certificate of deposit of paid-in capital.
- Letter of agreement from director/s assuming office.
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A registration tax must also be paid, along with certain notarization fees. GK companies will have to notarize a representative seal in the name of the company’s manager, while KK companies will need to notarize their Articles of Incorporation.
Articles of Incorporation (Teikan) are important documents stating the primary rules governing a company in Japan. They outline the company’s purpose, its trade name and governance structure, how the company will be managed in terms of its relationship with shareholders and investors, as well as its business activities and relevant business licenses.
Having a company seal/stamp (Hanko) serves as an official signature and is important for doing business in Japan. Traditionally, Japanese companies use three Hanko seals for different purposes–such as signing important documents and banking activities.
Once all documents are prepared, an application for business registration may then be filed with the Registry Office, or Japanese Legal Affairs Bureau (Homukyoku). After 2-4 weeks, successfully registered businesses will receive a registry certificate, a company seal certificate and an official corporate number.
The Tokyo One-Stop Business Establishment Center offers convenient services for foreign companies to establish their businesses in Japan–ranging from assistance in certifying Articles of Incorporation, taxation matters, immigration issues and insurance provision. The Japan External Trade Organization (JETRO) also provides helpful resources for starting a business, while the Foreign Residents Support Center (FRESC) offers professional advice.
Final Tips
Understanding Japan’s unique cultural, financial and legal landscape is important to succeed as a foreign business owner. It is highly recommended for aspiring entrepreneurs to consult local professionals who understand Japan’s stringent business regulations, legal matters and taxation laws, especially if they are not native Japanese speakers.
Observing Japanese business etiquette–such as bowing, exchanging business cards (meishi) and consensus building (nemawashi)–also helps foster trust and respect, which are important in developing long-term business relationships. Joining startup events, international business networks and seeking mentorship opportunities are also ways to build a support network.
With thorough preparation, patience and persistence, foreign entrepreneurs have a high chance of succeeding in Japan’s vibrant business landscape.