This week in Small Business Japan
In Japanese, there are instances where the name given to something doesn't match its reality. Is euphemism the reason for this discrepancy? Is this just a Japanese phenomenon?
This week in Small Business Japan
Given the rise in inquiries, I've compiled a list of previous articles that explain the recent openings and nature of subsidies. I hope this is helpful.
For your business
To discuss scholarships in Japan, it's important to clarify the situation first. There are two categories: a 'benefit type' (no repayment required) and a 'loan type' (repayment required after graduation). Both of these are called 'scholarships' in Japan.
The Japanese government has announced the 'Small Business Sustainability Subsidy (Startup Category),' providing up to ¥2m. Eligibility: Businesses within 3 years. This initiative offers crucial funding for startups to foster innovation and growth.
Opening a corporate bank account is a must when doing business in Japan, as it can be used for funding and enhance your company's credibility. We have summarised the types and characteristics of financial institutions in Japan with a list of required documents and conditions.
Can you really be refused a corporate bank account just because you are a foreigner? To find out, we interviewed an immigration lawyer who has helped foreign business owners manage funding challenges, including opening corporate bank accounts in Japan for years.
The 'Kobutsusho Kyoka' (古物商許可), or secondhand dealer license in English, is required in Japan for businesses dealing in reuse and recycle legally. This article will explain the license, including how to apply for it, and then discuss the current state of the reuse market in Japan.
Since October 2024, Kabushiki Kaisha (KK) or stock corporations in Japan now have the option to remove its representative's home address from the company registry (tohon).
The Startup Subsidy offered by the Tokyo Metropolitan Government is a great funding opportunity for new and small businesses that are less than five years old. It is particularly recommended if you're an (aspiring) entrepreneur tackling social challenges or have a very good business model.
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The Japanese government has announced the 'Small Business Sustainability Subsidy (Startup Category),' providing up to ¥2m. Eligibility: Businesses within 3 years. This initiative offers crucial funding for startups to foster innovation and growth.
While I was interpreting between a Japanese expert and his client, an English speaker, the expert abruptly said, 'それは筋が通らないです (Sore wa suji ga tooranai desu; That doesn't make sense)'. What did he mean?
This MHLW grant supports spending on measures that enhance production efficiency for companies implementing 'Work Style Reform' to boost productivity.
The Japanese government provides two main types of funding to companies: hojokin and joseikin. Generally, funding from the Ministry of Economy, Trade and Industry (METI) is called hojokin, while funding from the Ministry of Health, Labour and Welfare (MHLW) is called joseikin.
In the previous article, we introduced an MHLW grant available to companies that employ single mothers and people with disabilities, which can be used for HR purposes. This article explains the grants available to companies that convert fixed-term employees to full-time status.
While Small Business Japan has typically focused on subsidies from the Ministry of Economy, Trade and Industry (METI), this article introduces those provided by the Ministry of Health, Labour and Welfare (MHLW), which promote the improvement of the working environment and conditions at companies.
Its distinctive feature is the broader range of eligible uses compared to other general subsidies. However, it is also competitive, and the application process is time-consuming, making it hard to justify the time and effort. To gauge its competitiveness, I reviewed the data.
My client received full approval for their subsidy application of ¥11m when the government accepted the activity report! It was such a long journey. While it has been a long process, I am delighted that my client's project is progressing with the support of the subsidy.
The Tokyo Startup Subsidy offers up to ¥4 million to eligible companies. Applications for the spring 2025 round are open until 17 April. However, due to its specific requirements, starting preparations this week is crucial.
My interview with Makoto Yamada, the founder and representative of SEIBO Japan, a Japanese non-profit, brought back memories of my time working at an international NGO in Tokyo.
Opening a corporate bank account is a must when doing business in Japan, as it can be used for funding and enhance your company's credibility. We have summarised the types and characteristics of financial institutions in Japan with a list of required documents and conditions.
The Tokyo-based non-profit SEIBO Japan is making a difference in Malawi, Africa, through its school lunch programme feeding local children. This initiative is driven by the ‘Doing charity by doing business’ concept. Makoto Yamada, the representative, talks about the project.
