An Incentives Guide to Business in Yokohama
Dec 23, 2015
YOKOHAMA MARKET OVERVIEW
Since opening its port to international trade in 1859 (the first port to do so in 220-years thanks to a long-standing policy in Japan of national seclusion), Yokohama has established itself as an international setting for business, trade, and innovation. Now a modern metropolis of 3.7 million people with a GDP (PPP) of approximately $125 billion, Yokohama continues to draw international businesses and new technologies to itself.
Yokohama attracts businesses of various sizes and industries, from world class enterprises to small and medium sized companies with advanced technologies. Although the city promotes a diverse range of industries, Yokohama has made a name for itself in the IT and life sciences industries; nearly 3,500 IT-related companies call Yokohama home, including a Samsung Research Institute, Apple Inc. research and development center, and Taiwan Semiconductor Manufacturing Company Ltd.
“Yokohama is the second most favored city for foreign companies after Tokyo due to its biotechnology concentration, lower rent rates, and close proximity to Japan's capital.”
Yokohama is the second most favored city for foreign companies after Tokyo due to its biotechnology concentration, lower rent rates, and close proximity to Japan’s capital.
The city enjoys much of the same high-quality urban planning that nearby Tokyo does. Yokohama is a short, 30 minute trip from the international Haneda Airport and a 15 minute trip from Tokyo Station to Shin-Yokohama by the Shinkansen high-speed railway.
Yokohama is also connected to its surrounding wards by several major expressways, including the scenic Bayshore Route. Yokohama’s most famous transportation, however, comes from its Port. Yokohama is the third-busiest port in Japan, pulling in more cargo and ships than the Port of Tokyo or Port of Osaka-Kobe.
To boost international competitiveness, the City of Yokohama has established several programs to assist foreign businesses seeking to establish an office or research development center in Yokohama.
These programs include a series of subsidy programs designed to lighten the cost of business set up, as well as business support programs and industry networking opportunities. To learn more about Yokohama’s business programs, please download our Incentives Guide to Business in Yokohama report.