Investing in Japan
Your Regional Guide : Shinya Watanabe
3-1-1 Sanno, Akita-city, Akita Prefecture 010-8570
*If you can't find the information you need, please contact JETRO .
*Please note that inquires not regarding investment in Japan may not be answered.
*The information below is as of July 2015.
|Labor force*1||0.54 million|
|GDP*3||3,463,505 million yen|
|Major industries||Electronic components/devices, production and commercial machinery, food, lumber/wood products, and chemistry|
|Land price(for 1m²)*5||
|Number of Establishments*6||52,285|
|Number of Employees*6||418,749|
Seoul, South Korea (2002)
Strength of the region's industries and economy
In terms of manufacturing industries, Akita Prefecture is characterized by the high weight of the electronic component/device industry, which accounts for approximately 25% of the total value of shipments from the prefecture, and has the largest workforce by industry in Akita Prefecture, thus establishing itself as the leading industry of the prefecture. In the past, Akita was one of the leading mining regions in the world, and that is why the prefecture boasts an advanced metal recycling industry that takes advantage of mineral processing technologies. In addition, inflow of the automotive and other transport equipment industries into the Tohoku district is distinctive aspect. Another distinctive aspect is growing medical /pharmaceutical industry due to the accelerating aging population in the prefecture in recent years.
- Subsidy for investment in plant and equipment: A subsidy equal to 10% (the rate may be increased according to the requirements) of the investment in the plant and equipment is offered to companies locating a factory in the prefecture. Four billion yen may be paid at a maximum if it includes a research and development facilities. (There is a upper limit.)
- Preferential taxation: Local taxes (real estate acquisition tax, enterprise tax and fixed asset tax) may be exempted for designated industry types located in designated areas.
- Funding programs: One billion yen maximum may be lent at 1.8% per annum with repayment terms of 10 years for the investment in factory construction.
Services for investment in Japan
|Providing market information||Advice on the matters related to entering into Japanese market|
|Support for establishing a base||Provision of facilities including a incubation office|
The Industrial Agglomeration Division of Akita Prefecture provides support for foreign companies considering investments in Akita Prefecture. Making use of its network, the Office offers information about the procedures for incorporation, as well as industrial sites, human resources, universities, research institutes, and business partners, free of charge. Subsidies may be granted for a part of the initial investment such as investment in plants and equipment.