Investing in Japan
Latest UpdatesFundamentally simplifying regulations and administrative procedures for foreign companies’ investment and expansion in Japan Immediate report by the Working Group, the Council for Promotion of Foreign Direct Investment in Japan
Feb 09, 2017
The Working Group for Revising Regulations and Administrative Procedures established under the Council for Promotion of Foreign Direct Investment in Japan drew up an “immediate report” on the specific measures decided on by the concerned ministries and agencies in order to fundamentally simplify the complexity of regulations and administrative procedures that are claimed to be hindering foreign companies’ business activities in Japan (Dec. 22, 2016). The report presents the first decisions made in the early reviewing process, including simplifying procedures that foreign companies are required to go through when setting up and registering businesses or acquiring a residence status in Japan, enhancing the function of one-stop administrative procedures, strengthening dissemination of information in foreign languages and alleviating the burden of import procedures on business operators.
Since August 2016, the Working Group for Revising Regulations and Administrative Procedures, of which JETRO is a member, has been discussing the existing challenges, as well as the necessary solutions, which have been pointed out by specialists assisting foreign and foreign-affiliated companies in Japan. The immediate report issued this time around drew up decisions on specific revisions needed to be implemented by ministries and agencies ahead of any others based on the deliberation within the Working Group. The Working Group will continue its reviewing efforts until spring of 2017 when the whole revision is scheduled to be published.
Reference: Immediate report by the Working Group under the Council for Promotion of Foreign Direct Investment in Japan, Cabinet Office, Government of Japan website