What India must learn from Japan :1 Re. entrepreneurial startup fee

The Japan Times :

Setting up companies in Japan is getting easier as the government tries to encourage more people to become entrepreneurs.
Incorporating a company of a certain size basically requires either 3 million yen or 10 million yen in capital. Firms of those sizes are entitled to a legal and social status that more personal types of companies do not enjoy.

But a temporary law that took effect in February 2003 lowered the required capital to just 1 yen.