Information on Local Tax Credit Scheme for Overseas Financial Corporations in Osaka

Osaka, Japan's vibrant metropolis, seamlessly blends ancient tradition with modern innovation. From its iconic street food scene in Dotonbori to historic landmarks like the Osaka Castle, the city captivates visitors with its rich culture and dynamic energy.

For EU companies seeking expansion, Osaka offers a strategic gateway to the Asian market. Osaka also has a local economy with a diverse range of prospering industries such as life sciences, chemicals, food, renewable energy, electrical equipment, and tourism. With its robust infrastructure and transportation, including a 24-hour operated international airport, skilled workforce, and favourable business environment, the city provides ample opportunities for growth and success.

In addition, the Osaka Government is aiming to become a global financial city with Osaka's unique characteristics and functions, by leveraging its potential to host Osaka-Kansai Expo 2025 (World Expo) and form a base for the health and medical industry. As one of its incentives, Osaka Government has implemented a system for local taxes (corporate inhabitant tax and corporate enterprise tax) for companies that are expanding into Osaka for the first time. This system targets foreign financial companies that engage in asset management and fintech businesses by reducing corporate inhabitant tax and corporate enterprise tax for up to 10 years.

For more information about eligibility criteria, please refer to the link below or contact Osaka Global Finance One Stop Support Center via f-onestop(at)global-financial-city-osaka.jp. The application period is open until 31 March 2026. Investing in Osaka not only grants access to Japan's thriving economy but also serves as a launchpad for broader market penetration across Asia. Osaka beckons EU financial companies to thrive in its dynamic market and to capitalize on Japan's robust economy, tap into diverse investment opportunities, and leverage Osaka's vibrant business ecosystem for sustained growth and success in the heart of Asia.

Source: Osaka Government

Published: March 2024