The Act for Promotion of Japan as an Asian Business Center to be enforced in November

The Act on Special Measures for Promotion of Research and Development et al. by Certified Multinational Enterprises (hereinafter referred to as the "Act for Promotion of Japan as an Asian Business Center,") which was enacted in the ordinary Diet session this year, will come into force on November 1, and support measures such as reduction of corporation tax will be implemented. Furthermore, patent applications relating to research and development businesses certified under said Act will be additionally included in the scope of applications for early examinations and proceedings (operational measures according to the existing provisions of the Patent Act).

1. Concerning the Act for Promotion of Japan as an Asian Business Center

In order to promote activities to invite high-value added company bases, such as research and development bases and Asian headquarters of global enterprises, to Japan, the Act provides for measures to be taken for global enterprises certified by the competent minister, such as a reduction of corporation tax and patent fees. The Act, which was enacted in the ordinary Diet session this year, was promulgated on August 3 and will come into force on November 1.

2. Outline of new support measures (operational measures according to the existing provisions of the Patent Act)

In order to further promote activities to invite high-value added company bases upon the enforcement of the Act, as support measures, not only will legal measures be taken but also patent applications relating to research and development businesses certified under the Act for Promotion of Japan as an Asian Business Center will be additionally included in the scope of applications for early examinations and proceedings (operational measures according to the existing provisions of the Patent Act).

Reference

Release Date

October 30, 2012

Division in Charge

Trade and Investment Facilitation Division, Trade and Economic Cooperation Bureau
General Affairs Division, Japan Patent Office

Related Information

Promotion of Japan as an Asian Business Center

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Ministry of Economy, Trade and Industry
1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511