Program to Attract Overseas Companies in Collaboration with Financial Institutions
Tokyo Metropolitan Government is implementing the Program to Attract Overseas Companies in Collaboration with Financial Institutions with the aim of effectively attracting overseas companies and promoting the growth of local industries by expanding business with local companies. This initiative involves collaboration with financial institutions and other organizations that possess networks with overseas companies and expertise in foreign transactions.
Program details
Overview of the Program
[1] Overview of the program
- Financial institutions propose potential overseas companies that they would support expanding into Tokyo at the time of application.
- The Tokyo Metropolitan Government, through a review process, selects partner financial institutions and overseas companies that these financial institutions will support in their expansion into Tokyo.
- The financial institutions will support overseas companies in establishing operations in Tokyo for up to three fiscal years.
- The Tokyo Metropolitan Government will subsidize a portion of the expenses related to the entry of foreign companies into Tokyo, and success fees will be paid to financial institutions based on performance.
Subsidies for overseas companies
An upper limit of 100 million yen per company over a maximum of 3 fiscal years (subsidy rate of two-thirds)
Success fee for financial Institutions
3% of the eligible subsidies for the supported companies (with a maximum of 20 million yen each)
[2] Financial institutions and other entities eligible for collaboration
Financial institutions, etc., that meet all the requirements of (1) to (3) below are eligible to apply.
(1) The organization falls under any of categories A to C below and has legal corporate status within Japan.
A.
Financial institutions with a head office, branch, or business base (such as city banks, regional banks, credit unions, credit associations, etc.) in the Tokyo metropolitan area
B.
Corporations providing consulting services, partnership companies (general partnerships, limited partnerships, limited liability companies), legal professional corporations, and other profit-making corporations related to professional services
C.
Other parties deemed necessary by the Tokyo Metropolitan Government
(2) Have a track record in supporting overseas companies expanding into the Japanese market.
(3) Have a system in place to protect confidential information using appropriate measures and methods.
[3] Definition of expanding into Tokyo in this program
An overseas company is establishing their first corporation in Japan or are establishing a branch in Japan, fulfilling both following conditions (1) and (2).
(1) All of the following requirements must be fulfilled during the program implementation period.
A.
They have secured a facility within Tokyo exclusively for use as a business establishment.
B.
The registration of the establishment of a corporation or branch of an overseas company is completed in accordance with the Commercial Registration Act (Act No. 125 of 1963).
C.
They employ at least two employees permanently stationed in Tokyo required for operations.
D.
They have commenced principal operations.
(2) During the period from the first year of the program until the year prior to registration, at least one full-time employee necessary for operations must be employed.
Overseas startups expanding into Tokyo
×
Tokyo companies
3-8-3 Marunouchi, Chiyoda-ku, Tokyo
Tokyo Innovation Base 2F
Event space (ROOM)
