THE CHALLENGE
At the time of engagement, our client had not yet established a presence in Japan, and saw three major logistical challenges in doing so:
- Lack of knowledge of the options for establishing an entity in Japan;
- Complex licensing issues;
- The need to fully understand and comply with regulatory requirements.
OUR APPROACH
A close analysis of the business and requirements quickly revealed the critical components for success. The Ascendant Business Solutions team was uniquely prepared to meet each of these challenges.
- Deliverable: Entry Support
Ascendant specialists set up the legal entity, managed the related paperwork and tax filings, and continued to support the start-up effort by taking a Non-Representative Director role in the new organization. - Value:
Our client was able to quickly establish a presence in what is often considered a “difficult” market, focusing its resources on business generation rather than on dealing with bureaucracy and paperwork.
- Deliverable: Country-Specific Expertise
Ascendant was instrumental in obtaining the financial trading licenses necessary to allow the client to do business in Japan. We then worked closely with the client’s international compliance team to untangle the thicket of Japanese regulatory requirements and deliver a compliance framework tailored to their business and to local law. - Value:
Again, our client was able to focus on developing new opportunities, avoiding the long learning curve required to navigate the complexities of Japanese law. At the same time, Ascendant provided them with a clear roadmap for compliance that considered both their immediate needs in Japan and their longer-term concerns as a global company doing business in many markets.
- Deliverable: Ongoing Services
Maintaining proactive communications and emphasizing speed and adaptability, the Ascendant team was able to quickly respond to the changing needs of the client, continuing to provide a variety of support services as the organization in Japan developed and grew. - Value:
Our client found that they could continue to rely on Ascendant to support them in Japan, even as their business shifted from the early start-up stage to a more mature organization.
