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Regional Information Okinawa

Okinawa as a Business Hub that connects Asia and Japan

Your Regional Guide : Hamamoto, Sunagawa, XU

  • Inquires about investment in Japan.

Okinawa Investment Support CenterExternal site: a new window will open.

Okinawa Sangyo Sien Center4F 1831-1 Oroku, Naha City, Okinawa, 901-0152
Tel: +81-98-894-6288 Fax: +81-98-859-6233
business_s@okinawa-ric.or.jp

Okinawa

  • 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 November 2017.

Basic Information

Population *1 1.39 million
Labor force *1 0.65 million
Area *2 2,281.1 km²
GDP *3 4,051,000 million yen
Major industries Tourism, agriculture/fisheries, civil engineering/construction, petroleum, and wholesale/retail
Wage *4
Initial wage for university graduates(Average)
166,200yen
Initial wage for college of technology/junior colledge graduates (Average)
142,300yen
Initial wage for upper secondery school graduates (Average)
133,400yen
Scheduled cash eanings (Average)
227,700yen
Land price(for 1m²) *5
Land price for industrial use (Average)
59,300yen
Land Price for Commercial Use (Average)
115,000yen
Number of Establishments *6 70,329
Number of Employees *6 609,821
Offices overseas

Taipei, Taiwan / Hong Kong / Shanghai,Beijing, China ,Singapore

JETRO office

JETRO Okinawa

Regional Profile

Strength of the region's industries and economy

Okinawa Prefecture is located at the center of Japan, East Asia and Southeast Asia. Giant markets such as China and ASEAN with the population of 2 billion are within four-hour flight, having the geographic advantage of connecting Japan and Asian countries. It is also a region offering various types of preferential treatment measures targeting national taxes, regional taxes and tariffs, since it is the only region in Japan featuring a “special economic zone.” Okinawa Prefecture enjoys a highly favorable natural environment characterized by a subtropical maritime climate, along with a unique culture and history and other charismatic tourist and resort resources. It ranks as the nation’s largest marine resort region, attracting about 8.61 million tourists annually from both Japan and abroad (6.53 million tourists from Japan and 2.08 million tourists from abroad).

Available incentives

The most beneficial tax treatment measures in Japan can be accessed in the various special zones such as "the International Logistics Hub Industry Development Zone", "the Designated Information and Communications Industry Promotion Zone", and "the Financial Business Promotion Zone".

Incentive name

Subsidies and tax breaks

Incentive type Tax incentives
Outline of Incentives (Requirements etc.)

Companies that locate in the various special zones such as "the International Logistics Hub Industry Development Zone", "the Designated Information and Communications Industry Promotion Zone", and "the Financial Business Promotion Zone" receive a number of preferential tax treatment, such as 40% deduction from taxable income for corporation tax, and partial exemptions from local government taxes such as real estate acquisition tax and fixed asset tax.Companies are able to choose between alternative systems for the application of tariffs. (only in the International Logistics Hub Industry Development Zone ) Companies hiring more than three employees under 35 years of age receive subsidies equal to one third of the employees' wages (up to 1.2million yen). (Other conditions also apply.)

Incentive name

Subsidies Program for Obtaining Invested Fixed Assets

Incentive type Subsidy
Incentive target industries

Manufacturing businesses, manufacturing business with advance technology, information and communication business, international air transport business

Outline of Incentives (Requirements etc.)

Subsidiaries for expenses on invested fixed assets obtained for constructing plants and warehouses and for operating business

  • Subsidized amount: Up to 1 billion yen; up to 10% of expenses such as land and buildings, 400,000/person for new employment
  • Subsidized expenses: Land, buildings and attached facilities, structures, machineries and equipment
  • Requirements: New employment of 20 or more people, acquisition (rent) of land 5,000m2 or larger

* Requirements may differ by business category and expenses

Incentive name

Subsidiaries Program for Supporting Industrial Cluster for International Logistics Bases

Incentive type Subsidy
Incentive target industries

9 business categories including manufacturing and repair of certain machinery

Outline of Incentives (Requirements etc.)

In the area of industrial clusters of international logistics bases, JETRO supports the initial investment burden of the new international logistics hub industry (9 industries such as manufacturing, specific machinery and repair industries, etc.).
Grant amount: Up to 100 million yen
Eligible expenses: Capital expenditures

Incentive name

Rented plants for general manufacturing

Incentive type Other
Incentive target industries

Manufacturing

Outline of Incentives (Requirements etc.)

Aims to reduce the initial investment for companies wishing to locate in Uruma/Okinawa region, which is the industrial cluster of international logistics bases, at the time of establishment and starting business

Incentive name

Business to secure air containers

Incentive type Other
Incentive target industries

Exporters of prefectural products (producers, manufacturers, wholesalers such as trading companies, distributors)

Outline of Incentives (Requirements etc.)

The prefecture leases the container space of airline companies and provides amount equivalent to freight cost to exporters of prefectural products within the budget

  • Destination of export: Hong Kong, Taipei, Shanghai, Seoul, Bangkok, Singapore, Malaysia
  • Cargo: Agricultural products, livestock products, fishery products, processed foods, precision machineries (suitable for air transportation), attached novelty goods (only novelty goods are ineligible)
  • Eligibility:

1. Those who continuously plan air transportation (business plan for three years)
2. Those who report the content, volume and value of exported products to Okinawa Prefecture
3. Those who disclose distribution cost to Okinawa Prefecture and producers

* Charges such as fuel surcharge, customs clearing expenses, cargo handling commissions must be paid by the user

Industry Location Support Center supports companies already located in Uruma/Okinawa region, which is the industrial cluster of international logistics bases, or companies preparing for starting business there in the future. It is also a facility with the role of supporting the foundation and operation of business with support office, meeting room, administration office, etc., in order to promote the further expansion into the region. (Service available only in Japanese.)

Database of candidate partners