Asset Managers & FinTech Companies Registration Guidebook

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Global Financial Center Japan offers advantages as an international financial center such as political stability, good public security,         and favorable living environment, as well as the business potential to target household assets worth about 2,000 trillion yen and sizable domestic economy. However, it still faces challenges in some areas. Taking advantage of lessons learned from the successful inbound tourism campaign, the Japanese Government and the Tokyo Metropolitan Government (TMG) aim to become an international financial hub that attracts talents, corporates, and funds to make Japan an attractive place for foreign professionals to do business, in addition to a tourism destination. bottlenecks and enhance the attractiveness of financial and capital markets to make it easier for foreign businesses and professionals who are already engaged in asset management business overseas to enter the Japanese market. At the same time, the national government, local governments, and the private sector will collaborate to create an attractive business and living environment for foreign nationals. Cross-ministerial initiatives include; Areas Tax policy Regulatory policy Residence status Company setup and livelihood support Information sharing In November 2017, TMG has set the “Global Financial City: Tokyo” Vision targeting Tokyo to become the world’s top global financial city. In November 2021, TMG formulated the revised vision as “Global Financial City: Tokyo” Vision2.0 to realize a sustainable recovery to become a global financial city leading the world. TMG takes various initiatives to realize the Tokyo Vision collaborating with public-private sectors, such as establishment of FinCity.Tokyo (FCT). TMG has also exchanged a memorandum of understanding with the City of London Corporation, one of the largest global financial centers, to promote cooperation and Japanese Government’s Initiatives The Japanese Government, in collaboration with relevant authorities, will remove regulatory and taxation TMG’s Initiatives Cross-ministerial initiatives Revision/clarification of corporate, inheritance, and income tax One-stop English service for application and registration for newly entering overseas asset managers Introduction of simplified market entry procedures for overseas asset managers Special immigration measure for newly entering asset managers as a temporary visitor to commence business without returning to their home country Relaxation of employment requirements for domestic helpers and increased convenience for working spouses of Highly-Skilled Professionals One stop company setup support for free Livelihood support such as international school hunting, medical matters, and housing Collectively share related policy measures information through a dedicated website and separately through designated contact points at diplomatic missions 1 Executive Summary