- July 7, 2024
- Posted by: legaleseblogger
- Category: Related News
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Seeking a New Bank for Foreign Remittance in Yen
Background
As a 合同会社 (Japanese limited liability company) providing consulting services to an overseas company, I receive regular payments in Yen each month. Initially, I used SBI Neobank without any issues, but unfortunately, they suddenly returned my last remittance without providing a reason and discontinued their foreign remittance services. I’m now in search of an alternative bank to continue receiving these payments.
Current Situation
- I’ve incorporated a 合同会社 to provide consulting services to an overseas company.
- The overseas company makes monthly payments in Yen for the services rendered.
- I previously used SBI Neobank for foreign remittance, but they stopped providing this service without explanation.
- I’ve opened an account with GMO Aozora, but their overseas remittance service (powered by Wise) does not support foreign remittance in Yen.
- I’ve also applied for a Wise business account, which is pending verification.
Options and Concerns
- I’m considering using the Wise business account to receive payments in Yen, but I’m unsure if this will be possible.
- Even if the Wise account is approved, I’m concerned about the potential impact on my SBI Neobank account if I transfer Yen from Wise to my SBI Neobank account. Will this be considered a foreign remittance, which SBI Neobank may reject?
Seeking Assistance
I’m seeking advice on how to overcome this challenging situation. Are there any other banks that can support foreign remittance in Yen? How can I ensure a smooth transfer of funds while avoiding any potential issues with SBI Neobank?
How AI Legalese Decoder Can Help
AI Legalese Decoder is an innovative tool that can assist in understanding complex legal documents and contracts. In this situation, AI Legalese Decoder can help by:
- Analyzing contract terms: By analyzing the contract between the overseas company and my 合同会社, AI Legalese Decoder can identify any potential issues or ambiguities that may be affecting the foreign remittance process.
- Deciphering fine print: AI Legalese Decoder can help me understand the fine print of the Wise business account and other banking services, ensuring that I’m aware of any potential restrictions or limitations on foreign remittance.
- Providing guidance on regulatory compliance: AI Legalese Decoder can provide guidance on regulatory compliance requirements for foreign remittance, ensuring that I’m in compliance with all relevant laws and regulations.
By leveraging AI Legalese Decoder, I can gain a deeper understanding of the legal and regulatory aspects of foreign remittance, enabling me to make informed decisions and avoid potential issues with SBI Neobank and other banking services.
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