Financial Investments and Management
Our Japanese partners provide professional and tailored financial consulting services, customized to meet the needs of private clients, whether individuals or corporations. These services can be offered on a one-time or ongoing basis throughout Japan, ensuring clear and defined returns in terms of time and duration.
The primary objective of our partners is to safeguard their clients’ assets from the volatility of financial markets. They leverage their extensive experience, expertise, and decades of knowledge to provide clients with maximum peace of mind and profitability, especially considering the recent tax relief policies introduced.
Japan Plans to Enhance Tax Relief for Investments
Source: Agenzia Nova
September 23, 2022
Japan’s Prime Minister, Fumio Kishida, announced yesterday his intention to enhance the tax relief provided for income generated from financial investments in the country. This initiative is part of a broader plan aimed at attracting more individual capital into the stock market.
The announcement was made during his visit to the New York Stock Exchange, on the sidelines of his participation in the 77th United Nations General Assembly.
“It is essential to establish a permanent tax exemption system for income generated from investments,” the Prime Minister declared during a speech at Wall Street promoting private investments in Japan. Kishida explained that such incentives are necessary because Japan holds 2,000 trillion yen (approximately 14 billion USD) in personal financial assets, but “only 10 percent” of these are currently invested in the stock market.
Since assuming office in October last year, Kishida has advocated for a “new form of redistributive capitalism.” According to Kishida, mobilizing private capital would enable Japan’s economy to achieve “growth and sustainability.”
Japan already has an incentive system known as NISA (Nippon Individual Savings Account), which allows account holders at specific financial institutions in the country to enjoy tax exemptions on capital gains until 2042. Yesterday, the Prime Minister proposed removing this expiration date. Kishida also announced plans to expand tax incentives for startups.