Menu

IoT FEATURE NEWS

Tokyo Advances Efforts to Attract Foreign Companies

By Ken Briodagh April 03, 2017

Beginning in April 2017, the Tokyo Metropolitan Government (TMG) has announced that it will launch the following support measures to speed up the pace of attracting Tokyo fourth industrial revolution companies, including companies in the arenas of IoT and artificial intelligence (AI), and foreign financial corporations, such as asset management and FinTech companies, to solidify its position as the top international financial and economic city in Asia.

First, according to the announcement, the TMG will boost assistance for overseas financial companies that are advancing into the Tokyo market with the provision of free business consulting services to formulate business plans, support to match FinTech companies and financial institutions in Japan (accelerator program), and a new subsidy program. The TMG said it will launch a financial one-stop support service to provide assistance with administrative procedures and comprehensive consulting services for foreign financial companies that are considering setting up their bases in Tokyo. The Tokyo One-Stop Business Establishment Center (TOSBEC) will also install a satellite center in Shibuya to provide support in English for procedures required when starting a business in Tokyo.

Tokyo will also ease regulations on housekeeping services provided by foreign nationals to alleviate the burden of housework in the home in order to support foreign businesspersons after they have set up operations in Tokyo. By using this special provision to the Immigration Act, new companies will be able to access services for cooking, laundry, cleaning and shopping offered by foreign nationals. Tokyo is also promoting the improvement of an environment that is convenient for foreign residents to live, including the enhancement of clinical services using a special provision to bilateral agreements on foreign doctors.

The TMG is stepping up its efforts to attract the Asian regional headquarters and R&D centers of multinational companies with advanced technologies, such as IoT, Big Data and AI, in order to create even more innovation in Tokyo.



Editorial Director

SHARE THIS ARTICLE
Related Articles

IoT Time Podcast S.2 Ep.28 DMI

By: Ken Briodagh    5/23/2017

On this episode of the IoT Time Podcast, Ken Briodagh sits down with Magnus Jern, Chief Innovation Officer, DMI.

Read More

Qualcomm Offers $11.0 Billion in Senior Notes to Finance NXP Acquisition

By: Ken Briodagh    5/22/2017

Qualcomm Incorporated has announced that it has priced a public offering of senior unsecured notes in a combined aggregate principal amount of $11.0 b…

Read More

5G Might Not Be The Next Big Thing for IoT, Study Says

By: Ken Briodagh    5/22/2017

Mobile Experts releases network and handset cost estimates for 5G, illustrates the weaknesses of 5G, especially for IoT.

Read More

Could the Internet of Things Make the World a Safer Place?

By: Special Guest    5/22/2017

Even before the birth of computers in the early 1950s, human beings have been captivated by technology. With stories told throughout our modern histor…

Read More

IoT Evolution World Week in Review: Google, AT&T, Telit

By: Ken Briodagh    5/20/2017

Google enters IoT, Senate tackles broadband, Avis leads on Automation and more in IoT Evolution Week in Review

Read More