Osaka Introduces Tax Incentives for Foreign Financial Companies

Osaka has launched a ground-breaking tax incentive program to attract foreign financial companies, marking a significant step in its efforts to become a global financial hub. This initiative, the first of its kind in Japan, provides tax exemptions for eligible foreign companies in asset management and FinTech sectors. Under the new system, foreign financial companies establishing a presence in Osaka City can benefit from exemptions on corporate inhabitant tax and corporate enterprise tax for up to 10 years. The program is exclusively available to foreign entities and aims to foster innovation and investment in the region’s financial ecosystem. Osaka’s initiative presents a strategic opportunity for European financial firms looking to expand into Japan and the broader Asia-Pacific market. The program also aligns with the broader EU-Japan cooperation in financial services, technology, and innovation. Companies interested in the tax reduction program can seek assistance from the Osaka Global Finance One-Stop Support Center. The center provides guidance on regulatory procedures and business incorporation besides other support for foreign financial firms.

The support center can be contacted via: +81-6-6136-3524  or f-onestop(at)global-financial-city-osaka.jp
With its competitive incentives and growing financial infrastructure, Osaka is positioning itself as a key destination for international financial businesses. European firms exploring opportunities in Japan may find this initiative particularly relevant as they navigate new market expansion strategies.

Source: Pasona Group inc.