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Gambaran Keseluruhan
As of April 1, 2017, the amended Payment Services Act came into effect and as of that moment operators of Virtual Currency exchange business are required to be registered with the Japanese Financial Services Agency.
Tempoh Masa:
- *Company formation – within 8 weeks
- *License application – within 6 months
Keperluan Modal Minimum: 10 000 000 JPY (approx. EUR 75 000) + Registration tax minimum of 150 000 JPY (0.7% of capital)
It is important to note, that not all, currently available cryptocurrencies, fall under the definition of Virtual Currency of the Payment Services Act. There are two types of Virtual Currency that are described and regulated by the mentioned Act. In short, they are:
- *A currency that has financial value and can be used to pay for goods and services (for example: Bitcoin, Litecoin, Ether etc.);
- *A currency that can be exchanged with the virtual currency that falls under the first description.
That said, a coin/token that can’t be used as payment for goods or services and can be exchanged only with a currency described in the second definition – will not be viewed as a Virtual Currency described by the Payment Services Act. Also, instruments that are pegged to fiat currency are not regarded as Virtual Currency, as both definitions exclude these types of instruments. Therefore – every applicant is to submit a list and description of virtual currencies that the company plans to deal in.
The following are some examples of businesses that do not fall under the Virtual Currency Exchange Business, as described by the Act:
- *Natural or legal entity that engages in Virtual Currency trade only for its own investment purpose;
- *Companies engaging in Cryptocurrency Mining;
- *Software developers;
- *Wallet service providers that do not engage in sale or purchase of Virtual Currency.
Benefits of Japan Virtual Currency Exchange provider’s license:
- *Japan Company portrays a good image to your Clients;
- *Great reputation worldwide;
- *One of the few jurisdictions providing licensing for virtual currency exchanges;
- *Japan is major international financial center;
- *96 double taxation avoidance treaties;
- *Not blacklisted.
Panduan Komprehensif untuk Penubuhan Syarikat
Maklumat Umum
Struktur syarikat:e
- *At least 1 shareholder (natural person or legal entity, no nationality restrictions)
- *At least 1 resident director (representative of the local office)
- *A minimum of 1 local compliance officer (local compliance officer and an internal controller stationed at the company’s local office)
Percukaian
- *37.05% Corporate income tax rate (including Corporate Inhabitant Tax)
- *Withholding tax rates: 15% on Dividends, 20% on Interest, 20% on Royalties
- *8% Consumption tax (~VAT)
Accounting and audit – An annual audit of company’s financial statements is required
Setiausaha – Diperlukan
Pejabat berdaftar – Diperlukan
Ejen Berdaftar: Tidak diperlukan
Nama Syarikat
- *The provider must not use a trade name or company name that is identical to one used by any others
- *The name of the company is to be accompanied with the words “Kabushiki-Kaisha” (in Japanese characters)
- *It is restricted for a Company name to include any word which make it likely that the Company may be mistaken for a different form of Company
- *Nama syarikat terhad: tidak boleh mengandungi nama badan dan agensi kerajaan negara dan tempatan.
- *Nama syarikat tidak boleh bertentangan dengan moral yang baik, dan tidak boleh mengelirukan mengenai bentuk undang-undang, bidang aktiviti, atau skop aktiviti perusahaan.
- *▪ Pendaftar boleh menolak mana-mana nama yang dianggap tidak wajar atau bertentangan dengan kepentingan awam.
Untuk mendapatkan lesen, langkah-langkah berikut akan dilaksanakan:
- *Permohonan untuk tempahan nama syarikat
- *Penyediaan dan penyerahan permohonan dan dokumen penubuhan kepada Pendaftar
- *Penubuhan syarikat
- *Filing the report with Bank of Japan under the Foreign Exchange Act of Japan
- *Filing the notifications with tax authorities
- *Opening of a Bank Account
- *Registration with the FSA/Local Financial Bureau
Untuk mendapatkan lesen, Offshorelicense akan mengisi semua borang permohonan yang diperlukan dan juga memperoleh dokumen korporat yang disahkan.
Oleh itu, sila berikan kami dokumen berikut.
For the company officers:
- *A notarized copy of valid passport (of each Director or Shareholder)
- *A notarized copy of proof of residential address (ex. utility bill of each Director)
- *Certified Bank Reference (of each Director)
- *2 professional character references (of each Director and Shareholder)
- *CV terperinci yang bertarikh dan ditandatangani oleh pemohon (bagi setiap Pengarah dan Pemegang Saham)
- *Notarized copies of Diplomas of higher education
- *Rekod jenayah yang disahkan oleh notari
Sekiranya pemegang saham adalah syarikat, mereka perlu menyediakan:
- *Salinan sijil pendaftaran yang disahkan
- *Senarai pemegang saham
- *Salinan penyata tahunan/kewangan terakhir
- *Sijil Status Baik yang disahkan
For the company/business:
- *Detailed business plan, that will include a prospect of profit and loss for three fiscal years from the startup
- *Manuals: Internal control rules; Internal procedure rules; System of protective measures for service users; System of segregated management of money, Virtual currency deposited by users; Information technology system risk management
- *List and description of virtual currencies offered
- *Contract forms for execution of virtual currency exchange business
Additional Due diligence may be prescribed by Financial Services Commission:
- *Dokumen asal yang membuktikan sumber modal
Nota:
- Jika dokumen bukan dalam bahasa Inggeris, ia mesti disertakan dengan terjemahan yang disahkan oleh notari.
- ▪Service agent is required by law to meet face-to-face with the client, when it is not possible – a letter will be sent to the address on the IDs via registered mail.
- ▪Additional documents may be requested by the FSA/Local Financial Bureau or local Bank at any point to certify specific information.