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HLS Global Group and HWS GmbH & Co. KG Form International Strategic Joint Venture

July 30, 2020

Shunsuke Saito
Hotta Liesenberg Saito LLP
info@hls-global.com

 

HLS Global Group and HWS GmbH & Co. KG Form International Strategic Joint Venture
Creating New Opportunities for Japanese Companies in Europe through a Partnership Founded on Trust

Los Angeles, CA, U.S. / Stuttgart, Germany: Today, Hotta Liesenberg Saito LLP, a leading international accounting, taxation, and business advisory firm, announced a new joint venture with HWS GmbH & Co. KG, a German full-service accounting, taxation, and business advisory firm with a rich history spanning nearly a century. This partnership will empower existing and new clients by creating new business opportunities for Japanese companies in Germany and for German companies globally.

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International Tax Accountants – How they can support your Market Expansion in Japan

If your business is operating across borders, competing in the Japanese market as well as in your home jurisdiction, complying with local tax laws, meeting the necessary reporting requirements, and generally staying on top of your tax activities can be challenging. And it is often more than what the internal finance department is equipped for.

As well as needing a whole new knowledge base when navigating Japan’s increasingly complex tax landscape, many companies simply require additional resources to handle intensified accounting and tax activities in multiple countries.

As you will know already if you have been involved in medium-sized or large corporate entities, one of the keys to success is operational alignment. Without the right approach and skills to completely align your accounting and tax activities to minimize your global tax accountability, you will not be giving your corporate strategy and Japan market entry activities the best chance of success.

In this article, we explore the various benefits for your business by hiring the right international tax accountant in Japan.

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Why Comprehensive Tax Advisory Might be Essential for Your Business

Over the last decade, Japan has introduced various measures to combat perceived tax avoidance by multinational enterprises. Putting the activities of global corporations under increased scrutiny, it has become imperative for businesses operating in Japan to apply a sufficient amount of precaution and due diligence to all things tax-related.

As well as this, the global tax landscape continues to evolve, with each nation updating its own policies to be aligned with current trade and foreign policies. Should entities fail to navigate both the obligations of their home countries and Japan’s complex tax requirements, the consequences can be severe.

All this is to say that having a comprehensive tax advisory to support your expansion or Japan market entry activities is essential. We explore this topic and how to find your own tax advisory.

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Japan Market Entry and Incorporation Strategies

Despite the perceived difficulty of entering and finding success in the Japanese market, there is no reason why companies with a competitive product, solution or service, excellent customer support, and a carefully planned strategy, cannot profit from Japanese expansion.

As long as you are able to diligently control your Japan Market Entry costs, pathways, and logistics, you could establish a strong brand presence here faster than you think. However, before any of this happens, you will need to decide what your ‘entry strategy’ actually looks like as operating in Japan can take many forms for international businesses.

In this article, we have pulled together some of the most important considerations for incorporating a business in Japan and how it plays a part in your Japan market entry strategy.

Notice regarding operations of HLS Global Japan office in response to the extension of State of Emergency by the Japanese Government

In response to the Japanese Government’s extension of a State of Emergency due to the spread of the Coronavirus (COVID-19) epidemic on May 4, HLS Global Japan has decided to extend the implementation of certain operational procedures to prevent the further spread of this epidemic. These procedures were announced on April 8 and shall stay in effect until May 31, 2020. We apologize for any inconvenience this may cause and appreciate your understanding in the matter.

 

Notice regarding operations of HLS Global Japan office in response to the declaration of State of Emergency by the Japanese Government

In response to the Japanese Government’s declaration of a State of Emergency due to the spread of the Coronavirus (COVID-19) epidemic on April 7, HLS Global Japan has decided to implement certain operational procedures to prevent the further spread of this epidemic, and ensure the safety of our clients and employees. We apologize for any inconvenience this may cause and appreciate your understanding in the matter. 

Information on Expansion of the Special Provision for “Employment Adjustment Aid” due to the Corona (COVID-19) Epidemic

The Health, Labor and Welfare Ministry of Japan has expanded the application scope of the existing “Employment Adjustment Aid” due to the recent spread of the Corona (COVID-19) epidemic. This provision has been made to support business owners in order to maintain employment. This applies to those business owners who have been forced to ask employees to go on leave due to reduced business activities arising from the spread of the Corona (COVID-19) epidemic. This aid will be granted against expenses that the business owners have to bear towards the employee leave allowance costs.

Information on Aid Package for Employees affected by the closure of Elementary Schools in Japan due to the Corona (COVID-19) Epidemic

In addition to the previously mentioned Aid Package, The Health, Labor and Welfare Ministry of Japan has also setup a provisional Aid Package for those parents affected due to the closure of Elementary schools in Japan as a countermeasure against the recent spread of the Corona (COVID-19) epidemic. This is for those parents who have been forced to take time off from work due to the school closure of their younger children.

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