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Business Planning in Japan
Expanding Internationally? Business Planning in Japan
- International expansion into Japan presents many opportunities which include:
- Seizing a market of a country that has a population of 125.8
- Extending the sales life of existing products and services by selling them in Japan.
- Reducing your dependence on the markets that you have already developed.
- Reducing the impact of destabilizing fluctuations in your markets due to seasonal changes or demand cycles, and tap a market with different fluctuations.
- Exploiting advanced technology and skills.
- Learning how to compete against foreign and Japanese companies in a new location.
While great opportunities exist, doing business in Japan presents unique risks such different regulatory rules and requirements, tax implications, culture and language barriers.
Sakura Linkage can provide you with access to the resources and information you need to be confident that your new business in Japan will be successful. We’ll leverage our expertise through local experts to help you understand how things operate in Japan and the best way to get things done.
Steps for Setting Up Business in Japan
- Setting up business in Japan can be broken down to a series of steps:
- Prepare a business plan to evaluate your needs and set your goals. This will assess your readiness and commitment to move into the Japanese market.
- Conduct market research to determine if your product or service will sell well in Japan.
- Choose how you want to operate in Japan. Do you want to start work with agents or distributors or set up a branch or corporation?
- Learn how to set prices, negotiate deals and navigate the legal system.
- Investigate sources of financing and define how you wish to be paid.
- Understand the packaging and labelling requirements, if you have products to sell, in accordance with regulations in the Japanese market.
- List Item #1We can search for business partners or agents to sell your products or services in Japan.
- Making your target market familiar with your product or service.
Business Strategy Services
Sakura Linkage can work with you to define your business model in Japan and identify initiatives that will support your business plan. We do this by helping you execute, monitor and make ongoing adjustments to your strategy. The type of business strategy services that we offer include:
- Setting up strategic alliances with our alliance partners to design, build, and deliver the right solutions for your business needs.
- Defining and maintaining a corporate tax program which will be updated when tax changes or rulings are announced from tax professionals introduced from our network. We will help you develop comprehensive plans that can manage your corporate tax burden by setting up appropriate business structures to helping you identify tax optimization opportunities together with tax professionals.
- Introducing you to appropriate banks and assisting you in opening business and personal bank account.
- Protect your IP rights with a patent attorney using patents, trademarks or copyrights to prevent competitors or anyone else from using your ideas for their own profit without your consent.
- Recruit local talent by using our executive search business partner services to find the staff that you need to make your business a success in Japan.
- Set up market entry strategy by outlining your business goals, describing the target market, defining what you will sell, the expected sales and how you will achieve them.
- Make introductions to potential partners and investors that will help you get your business off the ground.
- Support you while creating the corporate structure and starting the operation until it runs smoothly.
- Offer translation and interpreting services via video, phone, or face-to-face interpreters.
