Osaka Investment Promotion and Support Site

• ■Corporate citizens' tax / Office tax

  When moving from outside of Osaka City: 100% tax reduction for the first 5 years and a 50% reduction for the following 5 years (For the largest case. The same applies below.)
  ⇒ When moving within Osaka City to the designated area of the Special Zones, tax reduction is applicable based on the increase rate of the employees, etc.

• ■Fixed asset tax / City planning tax

  100% tax reduction for the first 5 years and a 50% reduction for the following 5 years for fixed assets (land, buildings, depreciable property) acquired after submitting a business plan application and put into service within 3 years after the plan’s approval
  *Only fixed assets for operations approved in the business plan are eligible.

■Special Growth Zone Tax Incentive Program for Osaka Prefecture

Need to meet prescribed requirements, as well as common requirements to receive this subsidy.

• Common requirements	- Have consulted with regard to the application for this subsidy program with the Osaka Global Finance One-Stop Support Center (hereinafter, “the Support Center”) and the Osaka Prefecture/Osaka City government prior to a preliminary survey or base establishment (hereinafter, “prior consultation”) - Has no business location in Osaka Prefecture at the time of prior consultation - Is approved by the Governor of Osaka Prefecture as a suitable company based on its business track record in the country where it is headquartered in the case of an overseas company or in Japan in the case of a Japanese company for at least two years before the application date - Has contracted for a preliminary survey or base establishment after prior consultation AND paid the full or partial cost of the contract or contracts (This applies to companies that are establishing a base in Osaka City to conduct not only financial business but also non-financial businesses at the same time.)
  Preliminary Survey	Is motivated to complete base establishment in Osaka City no later than one year after the application date.
  Base Establishment	Meets all requirements listed in from (1) to (4) below at the time of application if the company is applying for a subsidy for base establishment (1) Has rented a facility to be used as the business location of its financial business (2) Has registered under the Commercial Registration Act or the Companies Act (3) Has recruited one or more full-time employees necessary for operations at the business location (4) Has already obtained required licenses, if any, and has started the financial business

• ・Preliminary Survey

  Expenses to be Subsidized	・Rents for the business location ・Initial costs for renting the business location
  Subsidy Amounts	Total amount of expenses that are applicable for the subsidy, up to a maximum of 1.1 million yen

  ・Base Establishment

  Expenses to be Subsidized	・Rents for the business location; initial costs for renting the business location ・Expenses for purchasing office equipment, supplies, etc. for the business location ・Expenses for consulting with lawyers and other experts about the establishment of the business location ・Expenses for recruitment
  Subsidy amounts	50% of the total amount of expenses that are applicable for the subsidy, up to a maximum of 10 million yen

Need to be in either of the business below.

• Asset Management

  - Type II Financial Instruments Business (e.g., crowdfunding businesses) 　•Specially permitted business for qualified institutional investors, etc., and offering of investment securities, etc. issued by investment corporations are considered eligible for the purposes of this scheme 　•Investment Advisory and Agency Business (e.g., investment advisers) 　•Investment Management Business (e.g., asset management, venture capital)

  Fintech

  Businesses leveraging information technology to provide innovative financial services

• Taxes Eligible for Tax Credit	【Osaka Prefecture】Corporate inhabitant tax (per capita levy/corporation levy), corporate tax 【Osaka City】Corporate inhabitant tax (per capita levy/corporation levy)
  Effective Tax Credit Rate	Tax credit calculated based on the proportion of the corporation’s business activities engaged in “eligible business activities”below (100% at maximum)
  Tax Credit Validity (term)	Up to 10 years (subject to renewal of the business plan every two years)