Japan

The island state of Japan, located in the Pacific Ocean, covers the territory from the Sea of Okhotsk to Taiwan. Most of the country is formed by large islands - Honshu, Hokkaido, Kyushu and Shikoku. Area - 377, 944 sq. km. In terms of population, Japan is in 10th place in the world (more than 127 million people). The official language is Japanese. The capital is Tokyo.

Long traditions, high technologies and developed infrastructure have made Japan one of the most developed countries. In terms of GDP, it ranks third, and the purchasing power and life expectancy of Japanese citizens is one of the highest in the world. The currency used in the state is the Japanese yen.

Advantages

The main advantage of Japan was the high degree of confidence on the part of investors. Economic stability, high technology and reliable business traditions put Japan on a par with European jurisdictions.

For foreigners who have opened their own company in Japan, free conditions apply when choosing a bank, and complete confidentiality of information about the state of bank accounts is ensured.

The Government of Japan and Austria have agreed in principle to amend its dual agreement on the avoidance of taxation, in order to further develop trade and investment between the two countries. The new agreement will allow, in accordance with the procedure of mutual agreement, to ensure the settlement of the double tax disputes. Also, the new agreement will reduce the rate of withholding tax at the source of investment income (dividends, interest and royalties), as well as to expand...

Protocol double tax agreement tax between Japan and India came into force on 29 September. The Protocol updates the provisions on the exchange of tax information existing contract. It also amends the list of state financial institutions or central banks eligible for exemption from income tax at source of interest payments presentation in Article 11. The revised pact is active in Japan since 1 January 2017, and in India from April 1, 2017. The new double tax agreement with Germany Japan also...

Japanese and European trade and industry association addressed a joint letter to the leaders of the European Union and Japan, urging them to "make all efforts to speed up" the current negotiations on a free trade agreement. 16 September letter from the Japan Business Federation, Japan Business Council in Europe and the European Business Council in Japan seeking to enter negotiations this year. EU and Japan at the recent G7 summit pledged to arrange a free trade agreement "as early as...

The Minister of Finance in Japan, Taro Aso has said that the decision to remote previously proposed ales tax has claimed because of weak increasing of consumer spending. Aso talked on press conference with his co-worker from South Korea, Yoo Il Ho. According to Japanese Finance Minister, Aso had said that although Although economic fundamentals of the Japanese economy are solid, private consumption is not enough power, compared with improving corporate earnings and employment. "He explained...