Regional Information

Yokohama city

Your Regional Guide

Yokohama City Concierge

Business Development Division, Economic Affairs Bureau, City of Yokohama

1-1, Minato-cho, Naka-ku, Yokohama 231-0017
Japan
TEL: +81-45-671-3834   FAX: +81-45-664-4867

Yokohama city

*If you can't find the information you need, please contact JETRO .
*Search for business partners in Japan via "Database of candidate partners" in the "General Business Information" section or using TTPP (Trade Tie-up Promotion Program) , JETRO's free online business matching database.
*Please note that inquires not regarding investment in Japan may not be answered.
*The information below is as of July 2015.

Basic Information

Population*1 3.69 million
Labor force*1 1.8 million
Area*2 437.0 km²
GDP*3 *
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 1m²)*5
Land price for industrial use (Average)
*
Land Price for Commercial Use (Average)
*
Number of Establishments*6 125,663
Number of Employees*6 1,428,600
Offices overseas

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

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 networks 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 industries as a major city of the Tokyo Metropolitan Area.

Minatomirai

Foreign company(s) operating in the industry

176 foreign companies have set up their head office in Yokohama (source: Comprehensive List of Foreign Companies 2014, Toyo Keizai Inc.), second only to Tokyo nationwide.

Multiple locations such as Yokohama World Business Suport Center (WBC) and German Industry Park (GIP) have been set up in the city specifically to facilitate concentration of foreign companies, and these locations help foreign companies lower their location costs when moving into Japan and facilitate their entry into the Japanese market. Furthermore, the city offers incentives such as rent subsidies, etc.

Company name Mueller Japan, Inc
Industry sector

Sales of healthcare items

Date of entry December 2007
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 earnest advice and a start-up office that enabled us to set up the office in half the time we had originally planned.

Available incentives

Provision of wide range 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
Incentive target industries

Please inquire for details

Outline of Incentives (Requirements etc.)

Eligibility: Purchase of land and/or construction of building for the use of office, factory, research center, in designated areas.
Financial support: 50% tax reduction (5 years) and subsidy (up to 5 billion yen)

Incentive name

Business Location Incentives for Specially Designated Areas (for HQ function, R&D center)

Incentive type Subsidies
Outline of Incentives (Requirements etc.)

Eligibility: A company leasing offices for the use of headquarters or research center in designated areas.
Financial support: Subsidy (up to 400 million yen), Grant money for hiring citizens

Incentive name

Targeted Industry Program

Incentive type Subsidies
Incentive target industries

Growing industries or prioritized areas supporting the growing industries that are specified by the city such as Environment & Energy, Medical & Healthcare, Tourism, MICE, etc.

Outline of Incentives (Requirements etc.)

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

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)
Area: approximately 20m²(3 offices)
Tenancy period: 50 business days

<Incubation offices>
Name: Yokohama World Business Support Center (WBC) Incubation Office
Area: 6 - 33m² (22 offices)
Tenancy period: up to 3 years

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

WBC incubation office

Support service

Database of candidate partners

  • Excellent Companies in Yokohama

    It aims at offering the information on the small and medium-sized companies in the city, which are interested in the global business expansion.

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