一般社団法人 東京国際金融機構(FinCity.Tokyo)
FY2021 Monthly Market Report vol.1 – August 2021

Updates regarding publicly available support
measures and incentives
Traditionally, it has been a burden for foreign companies considering entering
the Japanese market; but now there is an increasing number of support andincentives available in Japan that facilitate their entry into the Japanese marketand license acquisition. This report takes a look at the publicly available support
incentives provided by the Japanese government and the Tokyo Metropolitan
Government (TMG) for foreign companies to enter the Japanese market.
（Table of Contents）
a. Support by the Japanese Governmenta-1. Financial Start-up Support Program
a-2. English and One-Stop Services forfinancial licensing and supervisiona-3. Release of Guidebook
b. Support by the Tokyo Metropolitan
Governmentb-1. Subsidies for Business Establishment
and Operation in Tokyob-2. Financial One-Stop Support Service
b-3. Release of Guidebook

a. Support by the Japanese
Government
a-1.Financial Start-up Support Program
Purpose:This program aims to provide foreign nationals
and financial businesses with cost support, andone-stop English support that covers frombusiness start-up to daily life aspects
Content:
This program is consigned to Tricor Japan, andTricor (and its affiliate partners) will provide aselectable range of services.
Corporate Support• Incorporation• Financial license application• Other services required forfinancial business start-up
Livelihood Support• VISA applications• Introducing housing agency• Introducing schools andhospitals etc.
Source:(JFSA) financial_startup_support_program_application_en_20210621.pdf

Process:
1) The applicant will settle service provider
costs and submit the proof of payments toTricor Japan2) After all services determined in "Application
Procedure", Tricor Japan and JFSA will
confirm the full proof of payments amount,and JFSA, through Tricor Japan as themediator, will rebate the full amount to theapplicant.
3) Tricor Japan reports to JFSA on thecompletion of services and the amountrequired, and JFSA pays the required
amount to Tricor Japan.
Costs:• The listed support will be provided at no costto the applicant.
• However the maximum services fees ofsupport per company is limited to 20 million
yen (approximately ≒USD 180K).
• Applicant may be required to cover theamount exceeding the maximum service fees.
Deadline:• The program implementation period is until
March 31st, 2022.
Eligibility:• Those applies for certain types of businessunder the Financial Instruments and ExchangeAct, mainly related to Asset Managementbusinesses. (Please visit the link below to
confirm detailed eligibility.)
Application:
Fill in the application form found on Tricor Japan
website and send the application form to:financialsupport@jp.tricorglobal.com
For further details:
https://www.fsa.go.jp/internationalfinancialcenter/asset/pdf/en/our-support/business/japan_financial_startup_program.pdf

Copyright: The Organization of Global Financial City Tokyo (FinCity.Tokyo)

August 26th 2021

一般社団法人 東京国際金融機構(FinCity.Tokyo)
FY2021 Monthly Market Report vol.1 – August 2021

Updates regarding publicly available support
measures and incentives
a. Support by the Japanese Governmenta-2. English and One-Stop Services forfinancial licensing and supervision
The registration procedures by foreigncompanies entering Japan, as well as theprocedures with the government after
registration, was only available inJapanese, making the application
process time-consuming due to language
differences.
As a part of the initiatives to strengthen
the global financial city, the Financial
Service Agency (FSA) and the Local
Finance Bureaus established the"Financial Market Entry Office" to provide
one-stop services including priorconsultation and support for registration
procedures targeting foreign asset
management companies entering theJapanese market.
This initiative aims to promote the entryof foreign companies into the Japanesemarket by reducing language barriers.
Through the Financial Market Entry
Office, a series of procedures, from preregistration consultation to postregistration supervision, has become
available in English, which is expected tospeed up the registration by overseas
asset management companies, etc.
Financial Market Entry Office(Jointly established by the FSA and theLocal Finance Bureaus⚫

One-stop servicesin English

Foreign asset management companies,etc., that are newly entering the JapanesemarketOne-stop services in English is available
throughout registration process
Provide services both inJapanese and English, including
consultation on legal
Preinterpretations and businessregistration
models prior to registration as asupportFinancial Instruments Business
operator.
Provide support for registration
procedures in English if certain
conditions are met.
Registration The Main target group areProcedures persons involved in investment
management or investment
advisory services in foreigncountries
Offer supervision services inEnglish for overseas asset
Postregistration management companies thatsupervision have completed the registration
procedures.
For further details:
https://www.fsa.go.jp/internationalfinancialc
enter/en/

a-3. Release of Guidebook
The FSA has published the "Guidebook for
Registration of Investment Management
Business and Other Financial Instruments
Businesses" to provide information onregistration procedures for financial
instruments businesses, including investment
management businesses, and to reduce theburden on overseas asset managers and otherfinancial businesses when entering Japan.
For further details:
https://www.fsa.go.jp/internationalfinancialc
enter/en/guidebook/index.html

Sources: Compiled with reference to the following articles.
Financial Services Agency, The Financial Market Entry Office, Updated on June. 11, 2021
(https://www.fsa.go.jp/en/policy/marketentry/index.html)
Financial Services Agency, Guidebook for Registration of Investment Management Business and Other Financial Instruments
Businesses, Updated on June. 11, 2021 (https://www.fsa.go.jp/en/policy/marketentry/guidebook.html)

Copyright: The Organization of Global Financial City Tokyo (FinCity.Tokyo)

August 26th 2021

一般社団法人 東京国際金融機構(FinCity.Tokyo)
FY2021 Monthly Market Report vol.1 – August 2021

Updates regarding publicly available support
measures and incentives
b. Support by the Tokyo Metropolitan Governmentb-1. Subsidies for Business
Establishment and Operation in Tokyo
Subsidy 1. Project for Temporary Office
Allocation for Foreign Financial Companies
and Human Resources
Purpose :Office rent subsidy for temporary stay
Application Requirements:• Only available for the companies who do
not have a registered company or branch
office in Japan at the time of the usage
application submission date (groupcompanies included).
• Only available for the companies whocurrently has a company or branch office inAsia, or are considering establishing one inthese Asian regions.
Eligible expenses:• Office Rents: Actual costs for office rent will
be exempted for up to 300,000 yen (≒USD2,800) per month, up to 3 months• Initial Costs: Actual initial costs will beexempted for up to 200,000 yen (≒USD1,800) regardless of the contract period
For further details:
https://www.seisakukikaku.metro.tokyo.lg.jp/en/pgs/gfct/nurturing-players/office-rent.html

Subsidy 2. Overseas Financial Corporation
Business Establishment Subsidy Program
Purpose:Subsidy for the expenses for consultation withspecialists or recruitment and initial cost ofoffice
Application Requirements:• Only available for the companies who not
yet have a registered office in Japan.
• In order to apply for the financial subsidies,
disclosure of basic company financial
information is required.
• A prior consultation meeting with TMG must
be conducted for pre-approval.
• At least one person hired must be coveredby employment insurance in order to receive
the financial incentives.

Eligible expenses:• Experts Consultation• Recruitment• Office initial costs• Covers 1/2 cost up to 7.5 million
yen (≒USD 68k, reimbursable,receipt required).
• Eligible cost will the cost incurred
after conducting prior consultation
meeting with the TMG and within
the fiscal year (April – March) of theoffice establishment.
For further details:
https://www.seisakukikaku.metro.tokyo.lg.jp/
en/pgs/gfct/nurturing-players/establishmentsubsidy.html

Subsidy 3. Subsidy to Support Base ofOperations of Overseas Financial
CorporationsPurpose:
Subsidies for office rent, specialist consulting
fees and purchase of equipment
Application Requirements:• Only available for the companies whoestablished the office in the previous or thesecond preceding fiscal year (April - March)of the fiscal year when the application forthe subsidy is submitted. (e.g. in FY2021,available for the companies established theoffice in FY2019 and FY2020.)• A prior consultation meeting must be
conducted by the end of November for preapproval• At least one person hired must be coveredby employment insurance in order toreceive the financial incentives
Eligible expenses:• Office rents• Experts Consultation• Purchase costs• Covers 1/2 cost up to 10 million
yen (≒ USD 91k, reimbursable,receipt required).
For further details:
https://www.seisakukikaku.metro.tokyo.lg.jp/en/pgs/gfct/nurturing-players/assist.html

Copyright: The Organization of Global Financial City Tokyo (FinCity.Tokyo)

August 26th 2021

一般社団法人 東京国際金融機構(FinCity.Tokyo)
FY2021 Monthly Market Report vol.1 – August 2021

Updates regarding publicly available support
measures and incentives
b. Support by the Tokyo Metropolitan Government
Subsidy 4. Subsidies for Outsourcing ofMiddle/Back Office Operations

b-2. Financial One-Stop Support
ServicePurpose:
Expenses related to outsourcing middle andback office operations or costs of systemlicense contract with service providers
certified by TMG

Overview:
Provides information, free comprehensive
consulting and support such as forcompleting administrative procedures (e.g.
licensing and supervision) in the joint
consultation service with the Financial
Services Agency.

Application Requirements:• Only available to Asset Managementcompanies who started their businessafter 2013 and registered to JFSA after
2018 April.
Eligible expenses:• Expenses related to outsourcing middle
and back office operations or costs ofsystem license contract with service
providers certified by TMG (see link forlist)• Covers 1/2 cost up to 7 million yen(≒ USD 64k, reimbursable, receipt
required).
For further details:
https://www.seisakukikaku.metro.tokyo.lg.jp/en/pgs/gfct/nurturing-players/middleback.html

Details:• Provides information and gives advice on
Japan’s financial rules and regulations, andrequired procedure such as registration
and acquisition of financial license.
• Supports the establishment of business(e.g. provides information on theregistration of the establishment of anincorporated company etc. ).
• Introduces financial experts (such as
lawyers, accountants and tax accountants,administrative scriveners, and judicialscriveners, etc.) and consultation desks, if
it is needed.
For further details:
https://www.startupsupport.metro.tokyo.lg.jp/for_foreign/financi
al_support/en/

Subsidy 5. Startup Japan Campaign
Purpose:Discount for Serviced Office Rental
Application Requirements:• (A document with additional details isavailable upon request)
Eligible expenses:• Discount for Serviced Office Rental• 10%~50% Maximum discount for
designated Serviced Office Rental
For further details:
https://www.investtokyo.metro.tokyo.lg.jp/en/about/merit.php
Sources: Created based on the publicized information suchas the press release and websites of TMG, including thoseindicated at “For further details” info (as of May, 26, 2021)

b-3. Release of Guidebook
Tokyo Metropolitan Government compiled
the English guidebook with the cooperationof the Financial Services Agency in order tosupport foreign Asset Managers to enter
the Japanese market.
Renewed in 2021, the guidebook
introduces the attractiveness of Tokyo as afinancial market and support measures for
asset management companies and FinTech
companies, as well as gives easy-tounderstand explanations of Japanesefinancial laws and regulations, businessregistration procedures, etc.
For further details:
https://www.seisakukikaku.metro.tokyo.lg.jp/en/pgs/gfct/business-and-living/guidebook.htmlCopyright: The Organization of Global Financial City Tokyo (FinCity.Tokyo)

August 26th 2021