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Reduce Taxes in Japan by Investing in Art

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In Japan artwork valued lower than one million yen per item can be deducted from corporate taxable income via depreciation. The cost of the artwork has to include auction fees and any other expenses incurred, such as delivery fees, with the purchase. The artwork can be depreciated over eight years or 15 years depending on […]

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Establishing a Branch Office in Japan

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Establishing a branch office in Japan can be more complicated than establishing a new stand-alone company. But there are some benefits for doing so. In some situations a branch office may be more tax efficient than a joint-stock company.  For example, you might want to use operating expenses in Japan to reduce your company’s taxable […]

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Hiring in Japan Can be a Challenge

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This time of the year we are always busy preparing for the end-of-the-year.  Finding qualified people can be a challenge. Currently our team consists of eight Japanese and three native English speakers.  We have three qualified tax accounts and one U.S. CPA.  Because of our breadth of experience and language skills we can keep abreast […]

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Options for Business Succession in Japan

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Traditionally, Japanese business owners prefer to pass their company to one of their family members.  While that seems to happen in most cases, it’s not always true. In fact, it’s becoming more common for a business to be passed to directors, employees, or even selling to un-related third parties. Leaving a business to an heir […]

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Family Business Succession Planning in Japan

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It can be challenging for business owners to find the right person in their family to take over their business.   And, if the business accounts for a large portion of your estate, the split of your estate (and your company) could complicate the ownership structure of the company. According to Japanese estate laws, 50 […]

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Successful Business Succession Planning in Japan

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Most business owners in Japan want their business to continue after their retirement. A successful succession can benefit the company founder, the current stakeholders, employees, business partners, vendors, and customers. But finding the right successor and structure can be very challenging.  A  common concern relates to the possibility of creating conflict in the family if […]

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Employee Buyouts (EBO) in Japan

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If you don’t have succession plan for your business you may consider passing ownership to the directors or employees of your company. The benefit of doing this is that people who are taking over your business are already familiar with it and know how to operate it in an effective manner.  On the other hand, […]