🇯🇵 Opening a Bank Account in Japan
Honest assessment of business banking for foreign founders in Japan.
Opening a corporate bank account in Japan is one of the more challenging aspects for foreign-owned companies. Major banks (MUFG, SMBC, Mizuho) typically require an in-person visit, a Japanese-language interview, and detailed documentation including the certificate of registration, registered seal certificate, business plan, and proof of office address. Many banks require the company to have been operating for at least six months before they will open an account. Foreign founders without Japanese language ability should bring a translator. Online banks such as GMO Aozora and PayPay Bank have somewhat easier processes but may have transaction limits. Having a physical office (not just a virtual address) significantly improves approval chances.
Tips for Success
- Have all company formation documents ready before applying — trade licence, articles of association, certificate of incorporation.
- Prepare a clear business plan or description of your business activities, even if the bank doesn't explicitly ask for one.
- Consider digital/neo-banks as your first account — they typically have faster onboarding for new companies.
- Apply to multiple banks simultaneously rather than sequentially — rejection at one doesn't affect others.
This content is educational and does not constitute legal or tax advice. Always consult a qualified professional for your specific situation. Data last verified March 2026.