Information for Corporate Customers

KYODAI Remittance also provides convenient and affordable international remittance services for corporate customers.
Since the procedures differ from those for personal use, please read the following information carefully and consider using our services.

Examples of International Remittance Use Cases

1. Payments to Overseas Contractors

Your company has overseas offices, or outsources part of its operations to overseas companies or individuals, requiring regular international remittances.

With KYODAI Remittance, repeated use is especially convenient while helping reduce international remittance fees.

2. Salary Payments to Employees Residing Overseas

Monthly salary and expense payments are required for employees working at overseas locations.

An increasing number of companies are using KYODAI Remittance to make overseas salary payments conveniently and at low cost each month. Since both the remittance processing time and the amount to be received can be confirmed in advance, delays and payment errors can also be reduced.

3. Sending Funds to Multiple Beneficiaries Overseas Makes Each Procedure Burdensome

With KYODAI Remittance, beneficiaries can easily be added even by email.
When making a remittance, you only need to make the bank transfer and specify the beneficiary.

At present, the KYODAI app does not support corporate registration or corporate remittances.

The guidance on this page is intended for corporate customers using international remittances (payments) for their own corporate purposes. It does not apply to partnerships or arrangements with our company (such as the promoter system) where supervising organizations support employees’ personal international remittance use.

International Remittance Fees

If the requested remittance amount exceeds JPY 1,000,000, fees will be charged for the second and subsequent transactions when split into multiple remittances. However, this does not recommend split remittances.

JPY-denominated remittances are not handled.

Important Notes (Please Confirm in Advance)

To use KYODAI Remittance international remittance services, customers are required to cooperate with procedures in accordance with our regulations, including identity verification and detailed declarations regarding remittance contents, based on applicable laws and regulations.

Important Matters Regarding Use of KYODAI Remittance Services

For some countries, international remittances under a corporate name are not available. In such cases, we may guide you to use the service under the representative’s personal name. (Depending on the remittance currency, corporate-name remittances may be possible. Please inform us of:

1. Destination country

2. Whether the beneficiary account holder is an individual or corporation
   and we will confirm availability.)

Unlike remittances under an individual name, when using the service under a corporate name, a KYODAI Remittance card will not be issued. Customers are requested to remit funds to our company from the bank account they use.

In addition, since refunds due to exchange rate fluctuations or similar circumstances may occur, customers are also requested to register their bank account information.

Verification of remittance details includes not only the remittance purpose and reason, but also confirmation of the source of funds. Corporate customers will also be periodically requested to provide financial information (such as sales figures).

Depending on the remittance details, documents related to each payment may be required for every transaction. In particular, please prepare documents for the following remittance purposes:

a. Import Settlements

In accordance with Article 17 of the Foreign Exchange and Foreign Trade Act and related regulations, prior to accepting the remittance, we will confirm invoices indicating the goods, shipping location, and country of origin.

b. Payment of Consulting Fees, etc.

We will confirm the relevant invoice details and contracts.

c. Other Cases

We may request additional documents whenever deemed necessary by our company.

Membership Registration / Required Documents

Use of international remittance services requires prior registration of beneficiaries. Please enter beneficiary information in the “Beneficiary Registration Form.”
(Additional beneficiaries may be added at any time after registration. The KYODAI app cannot be used for corporate purposes.)

After submission of the above application forms and required documents, screening will be conducted within approximately 3 days to 1 week. A registration completion notice will then be sent by non-forwardable registered mail to both the corporate address and the home address of the transaction representative. International remittance services may be used once both notices have been received.

Cooperation Requested for Periodic Confirmation (Monitoring)

If there are any changes to the following registered information, please be sure to notify us and provide documents confirming the changes. (Email submissions accepted.)

• Address

• Representative

• Transaction representative

• Telephone number

• Email address

For customers using international remittance services, we periodically conduct confirmation (monitoring) regarding remittance details. In accordance with laws and regulations, customers are required to declare the remittance purpose and source of funds. We appreciate your understanding and cooperation.
(We will contact you using the registered telephone number or email address.)

During verification of remittance details, we may request documents related to your business activities. KYODAI Remittance is fully committed to protecting customer information and will not use such information for any purpose other than international remittances. Please rest assured.

Please note that if cooperation cannot be obtained for remittances requiring detailed confirmation, we may regrettably decline the transaction.

All of us at KYODAI Remittance sincerely hope to provide services that are useful to our customers.

We appreciate your consideration of our services.

By agreeing to the above terms, please consider using KYODAI Remittance corporate services.

Please proceed to the inquiry form and enter your name (company name), email address, telephone number, and language (Japanese). In the inquiry details field, please provide the following information in the format below:

• Description of your business activities

• Planned destination countries for remittances (multiple countries allowed)

• Planned remittance amount (amount per transaction and frequency)

• Planned remittance purpose (salary payments, import settlements, etc.)

• Whether your business is related to North Korea, Iran, or Russia