I heard that we should close bank accounts before leaving Japan, which was what I did last time.
However what about if you leave Japan but need a bank account to receive IP rental profits? Is that an exemption or some special type of account?
Ideally we would set up an account in our base country that can receive it but there's a specified detail saying "domestic bank only". Not sure how strict that means or whether a multi-currency bank will also work.
The alternative is the management company setting one up under their name on our behalf, but I'm not sure if that adds hassle when trying to move the funds overseas easily.
Interested to hear from anyone with experience with this.
by Ristique