Wednesday, September 23, 2009

Recent Changes on FOREX law

There was an amendment to the Foreign Exchange and Foreign Trade Act. Submitting a report to the Bank of Japan had been necessary when you establish a branch office in Japan. Starting from June 23, 2009, this report is no longer necessary, though there are some exceptions depending on your nationality and/or business purposes.

For those who establish a subsidiary in Japan, reporting to the Bank of Japan is necessary as before.

If you would like to know the details, contact us from our site.

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