Saturday, June 2, 2012

Opening a bank account becoming difficult

Due to regulations to prevent money laundering, opening a bank account in Japan has become increasingly difficult, especially for a dummy company.

Of course, Japan has to comply with FATF recommendations, but the recent tightening of regulations made it very tough to open a bank account, even for the companies doing legitimate business.

The banks usually request the evidence of actively doing business such as the office lease contract, utility bills paid by the company, and so forth.

If you do have such a document, it is an effortful task, though you can still do it after enduring hardships.


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