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  5. Partial Revisions of the Act for Facilitating New Business Activities of Small and Medium-sized Enterprises and the Act on Facilitation of Succession of Management of Small and Medium Sized Enterprises Come into Force

Partial Revisions of the Act for Facilitating New Business Activities of Small and Medium-sized Enterprises and the Act on Facilitation of Succession of Management of Small and Medium Sized Enterprises Come into Force

July 9, 2018

On July 9, 2018, partial revisions of the Act of Partial Revision of the Industrial Competitiveness Enhancement Act, etc. (Act No. 26 of 2018) came into force. In line with this, the government will conduct a variety of measures under the the Act for Facilitating New Business Activities of Small and Medium-sized Enterprises and the Act on Facilitation of Succession of Management of Small and Medium Sized Enterprises (hereinafter referred to as the “Act on Facilitation of Business Succession”).

1. Purpose of the Act of Partial Revision of the Industrial Competitiveness Enhancement Act, etc.

The Act of Partial Revision of the Industrial Competitiveness Enhancement Act, etc. aims to conduct necessary measures to accelerate business succession in SMEs and fortify systems to support business management to adopt to the changing social needs.

2. Outline of the support measures under the provisions that came into force on July 9 of the Act for Facilitating New Business Activities of Small and Medium-sized Enterprises and the Act on Facilitation of Business Succession

(1) Special treatment for registration and license taxes and real estate acquisition taxes and for succession of legal permission

Under this treatment, the plan for improving management skills will newly cover companies’ efforts related to restructuring and mergers through M&As and other means, and the government will conduct support measures, (e.g., provide tax benefits and succession of government approval and licenses).

Contact office for this measure

Corporate Finance and Tax Affairs Division, Business Environment Department, Small and Medium Enterprise Agency (SMEA)
Telephone: 03-3501-5803
Facsimile: 03-3501-6868

(2) Measure to address the need for fund raising in business successions by non-relatives

Under this measure, representatives who have not yet been inaugurated but who have been approved as successors to businesses will additionally be eligible to receive financial support.

Contact office for this measure

Corporate Finance and Tax Affairs Division, Business Environment Department, SMEA
Telephone: 03-3501-5803
Facsimile: 03-3501-6868

(3) Measure securing support organizations’ ability to support companies in fortifying their business bases

Under this measure, concerning the system for accredited organizations and experts that support business innovation and other efforts, a renewal program of permission for such organizations and experts into the system from the standpoint of maintaining and securing the ability of such organizations and experts to support SMEs will come into effect.

Contact office for this measure

Business Support Division, Business Support Department, SMEA
Telephone: 03-3501-1763
Facsimile: 03-3501-7099

(4) Measure for development of a system for supporting companies in accelerating introduction of IT

Under this measure, a system will be developed for approving IT vendors, etc. as accredited organizations for supporting companies in information processing to encourage efforts to increase the visibility of IT tools and vendors.

For the outline of the system for accredited organizations for supporting companies in information processing (Smart SME Supporters), click here.

Contact office for this measure

Technology and Innovation Division, Business Support Department, SMEA
Telephone: 03-3501-1816
Facsimile: 03-3501-7170

Division in Charge

Policy Planning Division, Business Environment Department, SMEA