Japan Lending and Consumer Credit License (MLA)

According to the "Gold Loan Industry Law", Approved "financial loan operators" are entitled to legally engage in corporate financing in Japan, Consumer Installment Loans and Mortgage Financing Franchises, Protected by Japan’s financial regulatory system.

permitted by law. Japan implements unified substantive access standards for domestic and foreign investment. However, foreign-invested enterprises and foreign executives must undergo special substitution certification review and parent company penetrating due diligence..

The applicant entity must possess and maintain at all times no less than 5000 Own net assets of 10,000 yen. And the funds must not be in the nature of borrowing.

Legal compulsion. In every business office, Every full 50 practitioners, Must be configured at least legally 1 A full-time "loan business director" who passed the national qualification examination.

Alternatives available under the law. A sworn "Affidavit for Proof of Foreign Personality" must be submitted to the Executive Office., This document proves in writing that he has no bankruptcy and no criminal record.

A color copy of an official ID with a facial photo (such as a passport) must be submitted, Residence card). If you submit a "Copy of Resident Record", The certificate must clearly record his or her true nationality..

Mandatory requirements. Background check certification materials and company articles of association that cannot be prepared in Japanese due to special circumstances of foreign investment, Must be accompanied by an accurate Japanese translation for substantive review.

After the case files are completed in accordance with the law and submitted to the competent financial bureau, The statutory review time usually requires 2 to 4 months. Foreign-funded entities involved in overseas data penetration review, The total cycle may be moderately extended.

Core red lines covered: Insufficient net worth, Dominated by anti-social forces, Executives have been punished overseas for violating similar financial regulations in the past five years, and the submitted alternative identity document was false..

The legal validity period for Japanese loan gold industry registration is 3 Year. before expiration 2 months, Institutions must submit an application for renewal of registration (license renewal) to the regulatory agency in accordance with the law and accept review.

Mandatory provisions of the "Gold Loan Industry Law", A licensed lender may not make loans to an individual that would result in his or her total unsecured borrowings exceeding one-third (1/3) of his or her annual income., to prevent over-borrowing.

Implement in-depth cross-border anti-money laundering (AML) penetration checks. Supervision not only checks local records in Japan, Pay more attention to the overseas compliance status and financial network of corporate parent companies and ultimate beneficiaries..

Lending and deposit taking by banks are different businesses, Lender registration does not automatically obtain bank authority, Should be based on financing source, Check loan products and actual business.

Can refer toSupervision and application information of the Japan Money Lending and Consumer Credit License MLA Competent Authority, Check corresponding systems and processing information.

Submitting an application or obtaining a principled opinion does not mean that you are officially allowed to operate.. Final authorization should be confirmed first, Licensing conditions and prerequisites for starting business; Technical testing should be distinguished from real client funds and regulated transactions.

Cannot be regarded as the same approval. Regulatory authority assessment business authorization; Banks independently review customers, Source of funds and purpose of account. Obtaining a license or in-principle approval does not guarantee account opening, Clearing access and ongoing account services.

New products first, Customer Category, A case-by-case comparison of capital flows and operating areas with existing registrations or authorizations. If it exceeds the scope or affects the applicable conditions, Corresponding changes should be completed, It will be launched after notification or separate application..

Outsourcing does not mean transferring the responsibilities of the licensed entity. It is recommended to clarify the scope of services, data access, audit, accident report, Re-sourcing and exit arrangements, and retain sufficient internal personnel to supervise suppliers.

Compare legal names, Registration or license number, Authorized business, Licensing conditions and actual website. Group brand, The identity of affiliated companies and agents cannot replace the authorization of the contracting entity., Should be cross-checked with official records and licensing documents.

Both may change the control relationship. Direct and indirect shareholdings should be identified before trading, Significant impact and changes in ultimate controller, Check approval or notification procedures, and write regulatory conditions into the delivery arrangements.

First check whether the license conditions are still met, Arrange temporary supervision, Business restrictions and handovers, and complete applicable personnel notifications or new hire approvals. Nominal substitutes cannot solve gaps in actual performance of duties.