Japanese Government Support to Companies: a note from British Embassy

This note provides some information regarding Japanese Government Support to Companies. The information is provided to assist UK firms based in Japan. If you are a registered company based in Japan, paying into the national employer’s insurance scheme, you should be eligible.

These are Japanese Government schemes, so further information should be sought directly from the organisations below.

However, we are interested to hear about your experience in applying for this support in order to share learning among the UK business community. We would be grateful if you could share your experience, both positive and negative, with us on [email protected]

COVID-19 Support Packages [Summary]

i. ¥2m to corporations and ¥1m to sole proprietors, whose revenue falls by more than 50% in any month of 2020 from previous year
ii. Zero interest loans
iii. Deferment of tax and social security contributions
iv. Reduction or exemption of local property tax
v. Request to landlords to consider rent deferment
vi. Increased subsidy rates for employee leave

Further details are available by clicking the COVID-19 link above.

Register for support via dedicated phone lines in Japan (links in Japanese)

• For small or medium companies, Japan Finance Cooperation: +81 (0)120-154-505
• For large companies, Development Bank of Japan: +81 (0)120-598-600

A number of providers might be able to assist you in assessing eligibility and accessing the loans, for example:

• Deloitte are able to provide complimentary assistance to overseas organisations in applying for Japanese Government grants, please email [email protected] for more information.
• Money Forward provide information (in Japanese) regarding support for SMEs