Archive for September 28th, 2010

Nin’i kumiai – Japanese civil code partnerships

September 28, 2010  |  Business combinations  |  No Comments

A Japanese serow or in Japanese a Kamoshika, capricornis crispus, photographed near Mount Asama, an active volcano near Karuizawa about an hour and a half from Tokyo by bullet train.

A Japanese serow or in Japanese a Kamoshika, capricornis crispus, photographed near Mount Asama, an active volcano near Karuizawa about an hour and a half from Tokyo by bullet train.

The Japanese Civil Code (‘CC’) defines the Japanese partnership form, the Nin’I Kumiai.  Not to be confused with the Tokumei Kumiai defined under the Japanese commercial code, the legal form of the Nin’I Kumiai is more similar to a conventional US or UK partnership.

For tax purposes a Nin’I Kumiai is treated as a pass through. One commonly used translation of Nin’I Kumiai is ‘voluntary partnership’, in Japanese 任意組合 and referred to below as an NK. Read More