Why Setup Business in Japan?
One of the best ways to foster company growth is business expansion into newer markets. By setting up physical operations in different parts of the world, you’ll be able to penetrate into new markets, cater to more customers and improve your business profits. And all this is much needed to take your business to greater heights.
When it comes to business expansion, one of the best places to invest in and set up operations is Japan. This can be backed by the annual report published in the 2015 by NTAJ—National Tax Agency JAPAN—that showed that Japan continues to remain one of the best and preferred places to setup businesses among investors even after the massive earthquake that hit Japan in the year 2011. The number of foreign/non-Japanese corporations has grown by sixteen percent in the last two years.
Let us take a look at some of the many factors that make Japan a great place to setup business:
A high GDP is a good sign. It shows that the country has a strong and growing economy which is great for business owners operating in the country as it helps them sell products faster and at higher prices, churning good profits. Did you know that Japan’s GDP is ranked at number three in the world? Its GDP is approximately five hundred trillion yen, making Japan the leading world economy.
Huge Markets and Supportive Economic & Government Policies
The country offers both local and foreign companies tons of opportunities to setup businesses here across industries and earn profits. Their economic and government policies are both business friendly and supportive. The government of Japan understands and recognises the importance of investments from overseas and therefore, goes the extra mile to help bring more overseas investments into the country. The government has carefully established business friendly trade and investment policies, making it easier for foreign investors to invest and setup business in Japan.
Japan provides business owners and easy and flexible environment to do business. In comparison to other major cities in Asia like Hong Kong, Shanghai, and Seoul; Japan has the lowest infrastructure cost. Besides this, the country’s industrial structure is the same as Europe and the US which makes it much easier for overseas companies to establish operations here. In fact, it is home to some of the leading global brands.
Furthermore, Japan is also a top option for business expansion among foreign entrepreneurs because of its high-levels of technological developments & manufactured goods. The country also boasts an excellent public transportation system such as subways and trains making it super easy and inexpensive to travel from one location to another for business purposes.
Gateway to Asian Markets
Japan serves as an ‘in-between’ ground, connected the westernized world with the Far East. It provides European and American investors a gateway to expand their business in Japan and then penetrate into the Far East Asian markets like China, Hong Kong, India and etc.
To start operations here in Japan, you don’t have to relocate your workforce. Here, you can find extremely skilled, committed and hardworking staff with high-levels of workplace loyalty.
Get in touch with Bansho Ito CPA Corporation, Japan, [email protected] to find out how you can setup a company in Japan and what legal requirements you must meet in order to start your business operations quickly.