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Regional Information Yokohama city

Your Regional Guide

  • Inquires about investment in Japan.

Business Development Division, Economic Affairs BureauExternal site: a new window will open.

1-1, Minato-cho, Naka-ku, Yokohama 231-0017
Tel: 045-671-3834 Fax: 045-664-4867
ke-yuchi@city.yokohama.jp

Yokohama city

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  • Please note that inquires not regarding investment in Japan may not be answered.

The information below is as of November 2017. (Basic Information: September 2018)

Basic Information

Population *1 3.74 million
Labor force *1 1.8 million
Area (square kilometer)*2 437.5
GDP *3 13,542,905 million yen
Major industries Service, real estate, wholesaling/retailing, manufacturing, transportation and telecommunications
Wage *4
Initial wage for university graduates(Average)
*
Initial wage for college of technology/junior colledge graduates (Average)
*
Initial wage for upper secondery school graduates (Average)
*
Scheduled cash eanings (Average)
*
Land price(for 1square meter) *5
Land price for industrial use (Average)
*
Land Price for Commercial Use (Average)
*
Number of Establishments *6 130,534
Number of Employees *6 1,573,667
Offices overseas

Frankfurt, Germany / Shanghai, China (Operated by Yokohama Industrial Development Corporation (IDEC)) / Mumbai, India

JETRO office

JETRO Yokohama

Regional Profile

Strength of the region's industries and economy

Yokohama is the second largest city in Japan with its population of about 3.7 million.
In addition to having one of the nation's busiest international trade ports, Yokohama has a very convenient transport network of railways and roadways and excellent access to Haneda Airport. The verdant living environment, skilled personnel, and the expansive Greater Tokyo market provide the urban conditions needed by business. Yokohama is also a popular tourist destination and convention site where many people from Japan and overseas visit and interact.
The city offers some of the most attractive incentives in Japan and a full menu of support to attract companies. Throgh various activities, the city is building up a concentration of operational functions and cutting-edge technology companies well-matched to the Tokyo Metropolitan Area.

Minatomirai

Foreign company(s) operating in the industry

Company name Mueller Japan, IncExternal site: a new window will open.
Country U.S.A.
Industry sector

Sales of healthcare items

Date of entry Dec-07
Comments

From the start, we considered Yokohama as one of the major candidate cities for the location of our office because the city not only has excellent access to international airports and Shinkansen bullet train but also has cheaper commodity prices, more abundant nature and better living environment in comparison with Tokyo. However, it was the concerted support provided by the City of Yokohama, Kanagawa Prefecture, and JETRO that made us decide to set up the office in the city. We are extremely grateful for their speedy responses, friendly and enthusiastic advice and start-up offices that enabled us to set up the office in half the time we had originally planned.

Company name Lenovo Japan CorporationExternal site: a new window will open.
Country China
Industry sector

Computer/information and communications

Outline of business

Yokohama Research and Development Center

Comments

Lenovo Japan Yamato Laboratory in Minatomirai 21 is a very important development base of personal computers for Lenovo, referred to as the “innovation triangle” (Japan, U.S., and China). ThinkPad Series, which are business laptop PCs, are developed in this laboratory.
As the name shows, Yamato Laboratory used to be located in the residential area in Yamato City, but moved to Minatomirai 21 in 2011, aiming to find an environment appropriate for globally operating and growing an IT company. While it is a leading-edge business district, it is also a tourist spot. Visitors from Japan and abroad love this place. We can sense society and the world from here, and it is expected that our vision becomes wider. We can view the ocean from the office, so it is a wonderful environment for both concentrating and relaxing. We will create innovation leading the world from Minatomirai 21.

Company name BASF Japan Co., Ltd.
Country Germany
Industry sector

Comprehensive chemical company

Outline of business

Technical support in engineering plastic area (Engineering Plastic Innovation Center), and suggestion of ideas on materials and design (Design Fabrik Tokyo) in Yokohama Innovation Center

Available incentives

Provision of support for SMEs, entrepreneurs,
and venture companies expanding into Yokohama with various measures including tax reduction measures and subsidy for large-scale business location (acquisition of fixed assets such as land and buildings) and subsidies for leasing office buildings and location of factories

Incentive name

Business Location Incentives for Specially Designated Areas

Incentive type Subsidies, tax reduction
Incentive target industries

Please inquire for details

Outline of Incentives (Requirements etc.)

Eligibility: Purchase of land and/or construction of building for offices, factories, research centers, in specific areas.
Financial support: Tax reduction (5 years) and subsidy (up to 5 billion yen)

Incentive name

Growth Industries Proguram

Incentive type Subsidies
Incentive target industries

Environment/Energy,Healthcare/Medical, MICE, Supporting businesses to growth industries, etc

Outline of Incentives (Requirements etc.)

Eligibility: Lease of offices in the city
Financial support: Subsidy (up to 20 million yen)

Incentive name

Targeted Industry Program

Incentive target industries

Environment & Energy, Medical & Healthcare, Tourism, MICE, etc.

Outline of Incentives (Requirements etc.)

Eligibility: Lease of offices in the city
Financial support: Subsidy (up to 10 million yen)

Related Link
Industrial location guide: Investing in YokohamaExternal site: a new window will open.
Incentive: Excellent SupportExternal site: a new window will open.

Services for investment in Japan

Providing market information Advice on the matters related to entering into Japanese market
Support for establishing a base Consultation on the matters related to establishing a Japanese base, Provision of facilities including a incubation office

The city has start-up offices and incubation offices available to foreign companies until they set up their own offices.
Start-up offices
Name: IBSC Kanagawa (in the JETRO Yokohama Trade Information Center)
Space: approximately 20m²(3 offices)
Tenancy period: up to 50 business days

Incubation offices
Name: Yokohama World Business Support Center (WBC) Incubation Office
Individual consultation with advisors, newsletter and inquiry information service, provision of office space (22 furnished offices 6 - 33m², with tenancy period: up to 3 years)

Both of these facilities offer full support for start-ups by foreign companies, including consultations on launching businesses in Yokohama and the provision of business information.

WBC incubation office

Support service