1. Site Top
  2. Investing in Japan
  3. Regional Information
  4. Nara: General Business Information

Regional Information Nara

Consider locating your business base in Nara Prefecture—working to create a prospering city

Your Regional Guide : Yusuke Kamaya

  • Inquires about investment in Japan.

Business Investment Promotion Division Industry and Employment Development DepertmentExternal site: a new window will open.

30 Noborioji-cho, Nara-city, Nara Prefecture 630-8501
Tel: +81-742-27-8813 Fax: +81-742-27-4473
kamaya-yusuke@office.pref.nara.lg.jp

Nara

  • 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 January 2017.

Basic Information

Population *1 1.36 million
Labor force *1 0.62 million
Area *2 3,690.9 km²
GDP *3 3,520,619 million yen
Major industries General machinery, electric machinery, food, pharmaceuticals, plastics.
Wage *4
Initial wage for university graduates(Average)
198,400yen
Initial wage for college of technology/junior colledge graduates (Average)
176,300yen
Initial wage for upper secondery school graduates (Average)
160,800yen
Scheduled cash eanings (Average)
290,200yen
Land price(for 1m²) *5
Land price for industrial use (Average)
37,600yen
Land Price for Commercial Use (Average)
149,500yen
Number of Establishments *6
Number of Employees *6
JETRO office

JETRO Osaka

Regional Profile

Strength of the region's industries and economy

Sumi (Japanese ink), ink brush, Japanese paper, medicine, lacquer crafts, somen (Japanese thin wheat noodles), sake, chasen (bamboo whisk), disposable chopsticks, and akahada-yaki (pottery produced in Nara City and Yamato Koriyama City)—the industries of Nara Prefecture are characterized by their long history, which date back to Edo Era and Nara Era. Today, local industries such as pharmacy, socks, wood products, plastic, fur, leather, sandals, and sporting goods are active. Moreover, a wide range of industries including machinery, food, metal, rubber, and electronic components/devices, are distributed in broad areas like Showa Industrial Park in Yamatokoriyama City and industrial parks in Gojo City, which has Techno Park.

Available incentives

- NARA Subsidy Program for Investment Promotion: For companies building plants or laboratories in the prefecture (up to 3 billion yen to large-scale business locations)
- Subsidies Program for Promoting Accumulation and Vitalization of Companies: For companies constructing plants, research facilities, distribution outposts, and headquarters buildings (up to 1 billion yen for medium-scale business locations)
- Subsidy Program for Assisting Securing of Personnel by Companies in Nara Prefecture: For assisting in part of the expenditure needed to secure human resources for companies in the prefecture, e.g., costs of recruiting advertisement and employment agencies.
- Preferential taxation: Reduction of the enterprise tax for companies that have established plants, research institutes or accommodations in the prefecture under certain requirements (up to 300 million yen); exemption of the real property acquisition taxes for companies concerning plant locations

Incentive name

Business Location Promotion Subsidy for Information and Communications in Nara

Incentive type Subsidies
Incentive target industries

Information and communications (Software business, information processing and services providers, internet-related services, digital contents, data center call centers, and back-offices)

Outline of Incentives (Requirements etc.)
  • 5 or more new employees in the prefecture
  • In case of capital investment, investment amount should be 30 million yen or more.

Provision of subsidy up to 1 billion yen

Incentive name

Reconstruction Promotion Subsidy for Affected Areas

Incentive type Subsidies
Incentive target industries

Companies locating factories and R&D centers for manufacturing and companies locating call centers, headquarters functions, and specific distribution centers

Outline of Incentives (Requirements etc.)

The Reconstruction Promotion Subsidy for Affected Areas (additional amount) is in place since 2013 in addition to the Subsidy to Promote Accumulation of Company Vitality.
When locating in the southern area (Gojo City and Yoshino County) and in the eastern area (Uda City, Yamazoe Village, Soni Village, and Mitsue Village) (target period: business designated by the end of 2014 and in operation till the end of 2015),
the following subsidies are provided:

  • Investment amount is 500 million yen or more: additional amount is 10 million yen.
  • Investment amount is 1 billion yen or more: additional amount is 20 million yen.

Services for investment in Japan

Support for establishing a base Provision of facilities including a incubation office
  • Careers in JAPAN. External site: a new window will open.
  • India Railway Business Matching
  • TTPP: international Business Matching site. All free!
  • J-messe : Online Trade Fair Database
  • Abenomics is progressing! External site: a new window will open.
  • JAPAN VIDEOS DISCOVER the SPIRIT of JAPAN. External site: a new window will open.