The Unibanco Letters - Dual-Hatting Regulations and Global Enforcement
Establishing the Japan Presence - Office Space
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Each entity, whether a Japanese entity or a Japan branch of a foreign entity, is required to have a physical office
address in Japan
For the initial stages of the establishment, temporary or serviced offices may be used
• Floor plans of the office space will be required in the FIBO registration process
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Clear separation from persons or offices that are not a part of the FIBO registrant is required
• In the leasing process, as a matter of practice, leases are typically executed in Japanese and there is generally a
lack of flexibility in negotiating terms with the big landlords
• It should be noted that for many leases, in addition to typical deposits, "key money" payments equal to a
number of months of rent may be required to be paid to landlords
• Japanese leases also include an obligation that tenants to restore the premises upon termination of the leases
Morgan Lewis
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