Support Program Based on the Regional Future Investment Promotion Act
A support program is available for the corporations planning to do a business in the area designated by the RegionalFuture Investment Promotion Act Basic Plan as the one characterizing the region. The corporations are required todraw up a Regional Economy Promotion Plan, which needs to be approved by Nagano Prefecture, and confirmed bythe Japanese Government.

Requirements for Approval of Regional Economy Promotion Plan
① Utilizing resources that is designated in the Basic Plan as the one that characterizes the region.
② Creating high added values [Increase in added values: 36,850,000 yen]
③ Being expected to have one of the following economic effects:
・6% increase in volume of business compared to the starting year ・6% increase in sales compared to thestarting year ・10% increase in salary payment to the employees compared to the starting year

Content of the Program○ Exception to Taxation (Regional Future Investment Promotion Taxation)※Confirmation by the government is necessary.

Exempted Facilities
Machinery, equipment, and fixtures
If requirements are met for additional exemption:
Buildings, attached facilities, constructionsSpecial Depreciation

Tax Deduction

40%

4%

50%

5%20%2%〈Requirements for exception to taxation〉

・Being cutting‐edge ・Total investment value of 20,000,000 yen or more ・Investment value of over 10% of
the depreciation expenses of the previous business year ・The sales growth rate (%) of the relevant business isabove 0%, and the market growth rate (%) of the relevant business for the last five business years is 5% or more.
〈Requirement for additional exemption〉※Applied to the approval made on April 1, 2019 or later.
・The growth rate of added values of the immediately preceding business year is 8% or more

○Reduction in Local Taxes (Real Estate Acquisition Tax, Property Tax, etc.)※Confirmation by the government is necessary.

Reduced Tax
Real Estate Acquisition Tax
Property Tax （For large
depreciable properties）

Type of Reduction

Requirement

Exemption (In case of land, the The total property acquisition cost ofover 50,000,000 yen (For agriculture,area covered by a building only)
Exemption (for 3 years)

forestry, fishery and their relatedindustries), and 100,000,000 yen forother industries○ Financing Program (Fund for Promoting Regional Revitalization and Employment) by Japan FinanceCorporation
Capable Applicant Businesses approved of regional economy promotion
Loan Period

Equipment funds: Max. of 20 years (Deferment period: max. of 2 out of the 20 years)
Operating funds: Max. of 7 years (Deferment period: max. of 2 out of the 7 years)

Maximum Loan
AmountMicro Business Loans: 72,000,000 yen (Operating funds: 48,000,000 yen or smaller)
SME Loans: 720,000,000 yen (Operating funds: 250,000,000 yen or smaller)

Loan Interest Rate “Base rate” or “Special rate”○ Other Support Measures
・Exception to the SME Credit Insurance Act・Exception to the Food Marketing Structure
Improvement Promotion Act・Fee reduction in patent and request forapplication examination, etc.

What are the “related industries” in “Agriculture,forestry, fishery and their related industries”?
Manufacturing industry of food products, beverage, tobaccoand feed, lumber and wood products, furniture andaccessories, pulp, paper and paper products, plastic products,
rubber products. Wholesale business of various goods, foodand drink, wood and bamboo materials, agricultural
machinery and equipment, and furniture and fixtures.