2.Business Model Legality/ Regulatory Approval Investigation
If you are starting a new business in Japan, it is advisable to confirm beforehand that your companyâ€™s business is legally permitted under Japanese law. For example, your Internet company that uses content could inadvertently infringe the copyright of a third party. Or your introduction of a redeemable point system could subject you to the Payment Services Act. Or your financial services company may need to be registered under the Financial Instruments and Exchange Act. You may have a great business idea, but it could become very difficult to develop your business if you are found to violate Japanese law. Accordingly, you should check on the legality of your business scheme before it becomes too late to change your scheme.