I'm in the process of establishing a business in Japan (with a Japanese partner) as part of applying for a Business Manager Visa.
I'm currently the owner/sole shareholder of a Canadian corporation, and I have the required 5 million yen equivalent in Canadian funds sitting in the savings account for my Canadian corporation.
The Canadian company will continue to bill existing clients for work. And for the short/medium term my Japanese company will be invoicing my Canadian company for services rendered. (Effectively replacing my current setup of my Canadian company paying me a salary).
I'm wondering if anyone has had a similar setup, and what mechanism they used for the investment from a Canadian corporation to a Japanese corporation. The Japanese corporation is its own separate entity (not a branch office).
From an accounting standpoint, I'm thinking that the funds transfer could be set up as a retainer for future work. Or simply as an invoice for work completed.
But I'm interested in others' ideas/perspectives.
And for those of you with a similar setup, how did immigration want to see the source of the funds? I can definitely provide bank balances and proof that I'm the owner of the company.
Thanks!
by mistermarve