- Finance Law
Japan as an “International Financial Center Open to the World”: Introduction of the Specially Permitted Business for Foreign Investors, etc., and the Specially Permitted Business during Transition Period Exemptions
Recently, Japan declared intent to establish itself as an international financial center open to the world. To this end, it is promoting various policies that encourage the participation of overseas asset managers in the Japanese market. Based on these policies, a number of measures have been implemented (particularly by Japan’s Financial Services Agency; “FSA”) to promote the entry of overseas asset managers and to generally enhance Japan’s asset management industry. Noteworthy efforts have been made to improve the tax system (including clarification of the tax treatment of carried interest) as well as to introduce English registration and financial administration procedures (including a ‘one-stop’ service-platform for such purposes). In this Newsletter, we would like to provide an overview of the recently introduced “Specially Permitted Business for Foreign Investors, etc.” (the “SPBFI”) and the “Specially Permitted Business during Transition Period” (the “SPBTP”) exemptions, which aim to simplify the procedures for entering...To read the full article, please see the PDF file
- It is also available in PDF.
-
Finance Law Newsletter (January 6,2022) (233 KB / 3 pages)
Download PDF [234 KB]
Yoshiharu has extensive experience in various areas of international and domestic investment fundraising, including private equity, venture capital, mezzanine, infrastructure, real estate, and commodity funds, and is regularly consulted by top-ranked US and UK law firms for advice on Japanese regulatory matters. He frequently advises financial institutions and major companies, including banks, insurance companies, and private/government pension funds on their investments in international and domestic alternative funds in a timely and flexible manner. He also worked at the New York office of a Japanese mega bank (MUFG Bank) as a secondee, and has expertise in compliance-related matters relating to financial institutions.