Tokyo to Promote National Strategic Special Zone to Foreign Enterprises in 2017
Foreign financial enterprises are expected to play important roles including the following:
- To provide stable asset formation for the Japanese resident (citizens of Tokyo)
- To become an leader of supplying funds to replace the existing financial system
- To become an leader of FinTech as a new business etc….
Tokyo Metropolitan Government and Financial Services Agency intend to attract at least forty foreign financial enterprises (asset management enterprises, FinTech enterprises, etc.) within four years starting in 2017.
◎ Program to attract foreign financial enterprises:
1) Provide consulting services for market research, business plan formation, and for preparation for license registration etc.
2) Support matching foreign FinTech enterprises with excellent advanced technologies with Japanese financial institutions.
3) Activate promotion in diversified ways through the joint initiatives between the public and private sectors.
4) Review inheritance taxes related to high-degree foreign earners residing in Japan.
◎ Program to support establishment of entities & Program to support high-degree foreign earners residing in Japan for their living environment in Japan
- Tokyo Metropolitan Government and Financial Services Agency tie-up and provide one-stop support center for foreign enterprises who want to setup business in Japan. Such foreign enterprises can apply for subsidy to cover fees to pay support consultation fee.
- Prepare English texts for Japanese finance-related laws, ordinances, regulations and manuals describing filing proceedings for registration as a financial instrument business operator.
- Promote to accept foreign domestic helpers.
- Ease the requirements for acquisition of resident eligibility, requirements for hiring domestic helpers and bringing their parents from their home countries.
- Improve the medical services for foreign residents by hiring more foreign doctors.
- Attract international schools to the area near Tokyo station and to Toranomon area
One-Stop Service provided by TradeTax International Tax & Accounting
- A member of the Tokyo Chamber of Commerce and Industry
- Management improvement aid arm certified by the Small and Medium Enterprise Agency
| Acquire subsidy for establishment of foreign financial entities |
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Acquire financial instrument business operator license,
support M&A of an existing enterprise having financial instruments
business operator license |
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| Support visa acquisition, accounting, tax practice, legal practice and labor affairs |
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| Plan the best tax scheme for handling financial instruments |
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This article was contributed by Trade Tax International Tax & Accounting in Tokyo, Japan. Zetland works with professional firms around the world. If any
enquiries regarding setting up your business in Japan please contact
Mr. Shibata from TradeTax
International Tax & Account at
info@japan-jil.com
or contact Ms. Alina Moroz from Zetland at
alinam@zetland.biz.
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