Guide for Foreign Investors: How to Open a Corporate Bank Account in Japan 

Opening a corporate bank account can be an intricate process, especially for those who are unfamiliar with Japanese banking norms. While some may initially look into personal bank accounts as an option to get started with transactions in Japan, opening a corporate bank account is essential for business operations. This article explains the main steps and essential information required to open a corporate bank account, from documentation to processing times, and provides guidance on which banks are most commonly recommended for foreign businesses.

Steps to Open a Corporate Bank Account in Japan

Opening a corporate bank account in Japan can be complex due to strict anti-money laundering (AML) regulations, stringent documentation requirements, and the need to conduct much of the process in Japanese. Here is an overview of the key requirements and steps.

1. Required Documents
   When opening a corporate bank account in Japan, be prepared to present detailed documents about your company and its representatives. Typical documents include:
   • Certificate of Incorporation – Proof of company registration in Japan. For more information on the incorporation process please refer to this article.
   • Company Seal – Many Japanese banks require an official registered seal rather than a signature.
   • Identity Documents of Representatives – Passport or residence card for foreign company directors.
   • Proof of Address – This may be required for the company’s business location and representative’s residence.
   • Business Plan or Description – Some banks may ask for this to understand the company’s activities.
   • Company’s Articles of Incorporation – Document outlining the purpose, structure, and governance of the company.
2. Turning in Paperwork
   Once you have gathered all the necessary documents, visit the bank in person to apply. Note that not all banks accept foreign applications, and many require the presence of a Japanese-speaking representative. Some banks may request additional documentation or clarification, especially if the company has international stakeholders.
3. Timeframe
   The process of opening a corporate bank account in Japan can take several weeks to a few months, depending on the bank’s review process and any additional checks required for foreign-owned companies. Expect an initial review time of two to three weeks, with potential delays for further clarification if required.

Recommended Banks for Corporate Accounts

Here is a table comparing the pros and cons of popular banks for corporate accounts in Japan.

Final Summary

Opening a corporate bank account in Japan requires thorough preparation and an understanding of Japanese banking requirements. From gathering all necessary documentation to selecting the right bank for your business size and needs, the process can be detailed and may require assistance from a bilingual professional.

For those seeking comprehensive assistance in opening a corporate bank account, let us help you make the process smoother. Providing end-to-end guidance, from connecting clients with the right bank and assisting with the necessary paperwork to accompanying clients for translation purposes, we’ll ensure a pain-free experience opening a corporate bank account. 

Resources:
Japan Post Bank. “How to Open an Account.” Japan Post Bank

Seven Bank. “Personal Account Application.” Seven Bank

Japan Life Support. “Life Support Services.” Japan Life Support

MailMate. “How to Open a Corporate Bank Account in Japan.” MailMate

JETRO. “Reference Guide: Setting Up a Business in Japan.” Japan External Trade Organization (JETRO).