As a company does not yet have a bank account prior to its incorporation, the capital contribution is to be paid into a bank account in Japan held in the name of the subscriber.
In cases where the subscriber is a foreign entity and does not have a bank account in Japan, it is permissible to delegate authority to a third party who has a bank account in Japan to receive the capital contribution, and to have the contribution paid into such third party’s account.

However, if any of the subscribers or directors at the time of incorporation has an address in Japan, delegation to a third party is not permitted, and the capital contribution must be paid into such person’s bank account in Japan.

Following the payment, a copy of the relevant bankbook (including the cover, inside cover, and the page recording the deposit) must be submitted to the Legal Affairs Bureau as documentary evidence of payment. If a bankbook is not issued or online banking is used, a printout of the transaction details or equivalent document may be submitted in its place.

Note that in the case of a Godo Kaisha (limited liability company), submission of a copy of the bankbook is not required. Instead, a receipt for the capital contribution may be prepared and submitted.

After the capital contribution has been completed, an application for incorporation may be filed. Upon completion of the registration, a bank account may be opened in the name of the newly incorporated company, and the contributed capital may then be transferred to such account.