Setting up general incorporated foundation ( ippan zaidan hojin ) in Japan

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In the case you incorporate general incorporated association ( Ippan shadan hojin ) in Japan, you do not need to contribute capital money to your general incorporated association ( Ippan shadan hojin ).
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However, in the case of foundation ( = general incorporated foundation = ippan zaidan hojin  ), you need to contribute property to your foundation.
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And the amount should be more than 3 million yen.
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In the case of Ippan zaidan hojin, there is not system of ” member ( shain )”.
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In order to incorporate general incorporated foundation, you need to prepare board of directors ( rijikai ), board of trustees ( Hyogikai ), auditor ( kanji ).
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You need to appoint 3 persons for board of directors and 3 persons for board of trustees ( Hyogikai ) and one  auditor ( kanji )
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so, you need to prepare at least 7 persons.
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