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Act for Promotion of Japan as an Asian Business Center
- Act on Special Measures for the Promotion of Research and Development Business, etc. by Specified Multinational Enterprises -

Act for Promotion of Japan as an Asian Business Center
- Act on Special Measures for the Promotion of Research and Development Business, etc. by Specified Multinational Enterprises -

In order to promote activities to attract research and development bases and supervisory bases of global enterprises to Japan, 'Act on Special Measures for the Promotion of Research and Development Business, etc. by Specified Multinational Enterprises' (Act for Promotion of Japan as an Asian Business Center) is taken for global enterprises that intend to establish an affiliated company in Japan with the aim of newly engaging in research and development business or supervisory business.

Investment incentives (key support measures)

The following incentives are applicable to new R&D and headquarters operations conducted in Japan by global companies certified by the competent minister.

1. Assistance for fund raising

Assistance for fund raising by the Small and Medium Business Investment & Consultation Co., Ltd. (Also covering small and medium-sized stock companies with capital not less than 300 million yen)

* Applicable only to SMEs

2. Acceleration of patent examinations

Acceleration of examinations and proceedings for patent applications

[Ordinary examination: approx. 22 months → accelerated examination: approx.2 months] (FY2011 performance)

3. Shortened investment procedures

Shortened examination period for prior notification for inward direct investment in regulated industries

(ordinary examination: 30 days → shortened examination: 2 weeks)

4. Acceleration of status of residency examinations

Acceleration of entry examinations for the Certificate of Eligibility for Status of Residence applied for by foreign nationals who intend to work in Japan

(ordinary examination: 1 month → accelerated examination: approx. 10 days)

Target enterprises

Specified multinational enterprises that intend to establish a domestic affiliated company with the aim of newly engaging in research and development business or supervisory business in Japan

Refer to 'Act for Promotion of Japan as an Asia Business Center- Guideline' for more information on support measures, requirements to qualify and application procedures.