Financial Crime World

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Due Diligence in Finance: A Crucial Step for Businesses Entering Japan’s Market

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Despite Japan’s strong reputation for trustworthy business dealings, there are some companies that may lack credibility and raise concerns about financial or business issues. As a result, it is essential for entrepreneurs and businesses to conduct thorough due diligence when considering acquisitions or partnerships in the Japanese market.

Importance of Due Diligence in Japan

Our company formation advisors in Japan can assist clients in performing the necessary due diligence procedures to ensure successful ventures. We can also guide individuals through the process of starting a company in Japan.

Types of Due Diligence Performed in Japan

When entering into a partnership, investing, or acquiring a local company, conducting a comprehensive company due diligence is crucial. Our Japan company formation consultants recommend the following procedures:

  • Financial due diligence: performed by accredited accountants
  • Legal due diligence: conducted by local lawyers
  • General due diligence: to understand the entire business status of the legal entity
  • Technological due diligence
  • Regulatory and environmental due diligence: related to property or plants

Performing Due Diligence in Japan: A Complex Procedure

Conducting a company due diligence in Japan is a complex process. Our company registration agents in Japan are aware that a normal local company record contains essential information, including:

  • Full name and address of the business
  • Any changes to this data and the dates these changes took place
  • Date of incorporation
  • Main activities
  • Where business announcements will be made public

The main source for a company registration record is the Registration Information Provision Service provided by the General Foundation of the Civil Justice Association, which is affiliated with the local government’s Legal Affairs Bureau.

Conclusion

If you have further questions about due diligence in Japan or need help opening a company in Japan, please do not hesitate to contact our representatives.