Opening and operating a corporate bank account in Japan can be challenging for foreign businesses, particularly those without local finance personnel.

JTAX™ assists clients with the establishment and ongoing administration of Japanese corporate bank accounts. We provide practical support with banking procedures, payroll payments, recurring expenses, and other financial transactions, allowing overseas management to operate their Japanese businesses efficiently.

Our banking and payment administration services include:

• Bank Account Opening - Assistance with procedures for opening Japanese corporate bank accounts.

• Bank Liaison - Acting as a local point of contact for banking inquiries and administrative matters.

• Recurring Payments - Arranging automatic payments for regular expenses, including utilities and other recurring obligations.

• Expense Payments - Processing supplier invoices, business expenses, and other payments in accordance with client instructions.

• Payroll Payments - Arranging salary transfers to employee bank accounts and transfer of deductions to the Japanese authorities.

• Bank Reporting & Reconciliation - Providing transaction reports and recording banking activities in the company's accounting records.

• Accounts Payable & Receivable - Assisting with the administration and reporting of outstanding supplier payments and customer receivables.

JTAX™ provides banking and payment administration support to international businesses operating in Japan, including:

• Foreign-Owned Japanese Subsidiaries and Japan Branches - Companies requiring local banking administration, expense payments, and financial reporting to overseas parent companies.

• Japanese Representative Offices - Unregistered Japan representative offices of foreign companies can present unique challenges. JTAX™ can provide banking solutions.

• Newly Established Japan Businesses - As part of our integrated services, JTAX™ is able to both establish a subsidiary in Japan and assist with bank account opening.

• Companies Without Local Finance Teams - It can be highly challenging to recruit and maintain bilingual finance personnel in Japan. JTAX™ is able to act as an outsource finance department for routine banking administration, supplier payments, and other financial operations in Japan.