How do I register a Trading Name if I work from Japan? Thread poster: Stuart Carthy
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Hello I'm starting out as a freelancer. I live in Japan and I am English. I will be working for agencies around the world but I don't know where I should register my trading name or how. Additionally, what about tax / vat. For example, If I work for a British agency but I pay tax in Japan - what happens to the money the agency pay me? Can anyone give me any pointers? | | | Alex Farrell (X) Japan Local time: 21:14 Japanese to English Don't worry about VAT | Oct 17, 2013 |
Hi Stuart, Don't worry about VAT. If anyone asks for a VAT number, just tell them it doesn't apply because you are based in Japan. They won't withhold any tax and you can pay the Japanese government normally. As for registering a "trading name," what exactly do you mean? Are you running a business entity, or is it just you, a guy named Stuart? Whatever the case, you are living in Japan, so I think any registration requiring a physical location should be in Japan. | | | sycamine Malaysia Local time: 20:14 Member (2012) English to Japanese Some information | Oct 17, 2013 |
Hello Stuart, Unless you are incorporated, registration is not necessary. However, if you submit "Kaigyo-todoke (Business Set Up Form)" to a tax office as a "Blue applicant", you can enjoy more tax benefits. (There are two types of self-employment called "Blue" and "White". A Blue applicant must prepare financial statements based on double-entry accounting. A white applicant prepares simpler statememts. If you do not submit "Kaigyo-todoke", you are automaticall... See more Hello Stuart, Unless you are incorporated, registration is not necessary. However, if you submit "Kaigyo-todoke (Business Set Up Form)" to a tax office as a "Blue applicant", you can enjoy more tax benefits. (There are two types of self-employment called "Blue" and "White". A Blue applicant must prepare financial statements based on double-entry accounting. A white applicant prepares simpler statememts. If you do not submit "Kaigyo-todoke", you are automatically regarded as a white applicant.) And if you have a copy of "Kaigyo-todoke", you can open a bank account with the registered trading name. (However, not all banks allow an account with a trading name). Regarding Japanese tax, please visit; http://www.nta.go.jp/foreign_language/index.htm Taxes vary among coutries. As far as I know, Japanse and Thai companies must withhold some amount from payment. You have to declare the withheld amount to adjust your income tax later. Good luck. ▲ Collapse | | | Stuart Carthy Japan Local time: 21:14 Japanese to English TOPIC STARTER Trading name | Oct 17, 2013 |
Hi Thanks for the replies guys. They were really useful. The VAT number thing was great to know. I'll also check out the link. What I mean buy 'trading name' is, I want to name my services something other than my full name. I will not be working with anyone else. I want to work as a sole trader from Japan and use a different name to sound more professional.
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