Business-Friendly Government Policies
The Japanese Government is Preparing a New Stage for Business
Having set a goal of achieving a foreign direct investment stock of 100 trillion yen by 2030, Japan offers a highly attractive business destination and is pulling out all the stops to further improve the environment. The rapidly growing investment environment features robust infrastructure, streamlined procedures, tax incentives, and research and development in cutting-edge fields.
The Japanese government is fully supporting foreign companies to enter Japan.
Source: Cabinet Office "The Action Plan for Attracting Human and Financial Resources from Overseas (Summary)"
Japan as an Open International Financial Center
In 2022, Japan set forth its vision for becoming an open international financial center
and has since implemented various initiatives to achieve this goal.
As part of this strategy, Japan established the Financial Market Entry Office, a one-stop center offering English-language support dedicated to helping financial institutions establish operations in Japan. Tax reforms and regulatory adjustments have also been made, reducing costs and providing economic benefits for businesses.
Japan is proactively working to enhance its business environment and strengthen its positions as a global financial hub. This can only be good news for your business.
Source: Finanial Services Agency "Japan as an International Financial Center"
Japan’s Unique Regulatory and Tax Incentives Accelerate New Technologies and Business Models
Japan is a fertile ground for those looking to create new technologies and business models, thanks to regulatory and tax systems designed to accelerate innovation.
Japan’s Regulatory Sandbox System allows you to conduct proof-of-concept tests for new technologies and business models without being subject to existing regulations. Depending on the results of these trials, the government may further revise regulations, making it easier to implement the business in society. Furthermore, Japan will soon introduce the Innovation Box Tax System, offering tax benefits for acquiring patents and intellectual property licenses related to R&D.
Leverage these systems to reduce risks while accelerating your business.
Sources: Cabinet Office "Regulatory Sandbox," and Ministry of Economy, Trade, and Industry "Outline of the Innovation Box Taxation System"
National Government Incentives
Japan offers a range of government support and incentives designed to boost your business. Take advantage of these opportunities to accelerate your success in Japan.
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Investing in and collaborating with Japan
We will do our very best to support your business expansion into and within Japan as well as business collaboration with Japanese companies. Please feel free to contact us via the form below for any inquiries.
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