Support for overseas expansion of Japanese companies
Tokyo Kyodo’s main business is to assist Japanese companies with their overseas expansion efforts. We provide local tax filing support and advisory services on international tax affairs that straddle multiple countries while collaborating with local accounting firms as appropriate.
Tokyo Kyodo’s main business is to assist Japanese companies with their overseas expansion efforts. We provide local tax filing support and advisory services on international tax affairs that straddle multiple countries while collaborating with local accounting firms as appropriate.
One of the problems encountered when expanding overseas and conducting business internationally is tax. Tax-based considerations upon expanding a business overseas are highly varied in nature. One example is considering tax from the multiple standpoints of local and Japanese taxation systems and tax treaties. As firms grow their overseas business activities, the number of areas where international tax affairs come into play continues to grow as well. Likewise, the cost of dealing with those affairs keeps on going up and up.
Moreover, the complexity of international tax systems can lead to unforeseen pitfalls and unexpected costs, which is why those systems must be examined carefully.
Dealing with international tax affairs has become a vital issue for firms expanding their business activities outside of Japan as well as for the accounting and tax specialists who assist those firms.
Alongside the globalization of economic activities, SMEs and mid-level companies in addition to large firms have been growing their international business activities. Examples of these are entering overseas markets, opening production bases, and dealing with foreign businesses. For such companies that aim to expand their business overseas, the potential for that expansion is considerable. At the same time, they may face a myriad of issues that they would not envision in Japan. The causes of those issues are not limited to market differences, and may include the likes of business practices, the work environment, and legal regulations. Very often, it is difficult for firms to respond to all international issues on their own.
We assist the efforts of Japanese firms to expand their business overseas by providing large and mid-level companies and SMEs considering or currently pursuing such expansion efforts with logical, efficient analysis, accurate recognition of their business activities, the identification of tax risks, and suggestions on how to minimize those risks. In doing so, we provide services that help our clients make the very best decisions for their business.
Moreover, we aim to provide optimal services at fair prices in cooperation with our overseas offices and other experts while placing an emphasis on cost-effectiveness.
One of the members of Tokyo Kyodo is a licensed tax accountant in Vietnam who originates from the country, provides support in the Japanese, English, and Vietnamese language, and is capable of offering expert assistance in Southeast Asian countries, particularly Vietnam.
At the stage of considering expansion into overseas markets, firstly, it is crucial to have market research. Our firm and Vietnam Desk carries out such research as desk research, qualitative and quantitative research, or combination of those reaches based on verifying the client’s needs. Furthermore, we are also capable of conducting research and analysis of the Vietnamese market and industry, research on various regulations, identification/selection of candidate sites for expansion, as well as searching/referrals of partner candidates providing outsourcing services for sales and manufacturing.
We also conduct business matching (such as arranging for one-on-one meetings, holding events and seminars), arrange for site visits, provide assistances during site visits (including setting up meetings with selected local partner candidates, translation, and interpretation), and offer other services as needed.
Vu Thi Phuong Linh
Global Tax Team
Vietnam Desk
Company name
Tokyo Kyodo Holdings Co., Ltd.
President and Representative Director Ryutaro Uchiyama
Description of business
Consulting services for Global Transactions, etc.
Overseas network
RSM International (Correspondent Firm)
*Member as a joint Tokyo accounting firm
Location
Marunouchi Eiraku Building 24F, 4-1 Marunouchi 1-Chome, Chiyoda ku, Tokyo, Japan
Contact us
+81-3-5223-8777