NEWS

Hello, everyone!

Did you know that the number of foreign business owners in Japan has been increasing recently?

If you are interested but don't really understand the situation, please read on!


Easy to secure talented personnel
The second advantage is that it is easy to attract talented personnel. Major cities like Tokyo are home to a vast number of companies, attracting not only Japanese talent but also highly skilled individuals from overseas. Therefore, depending on the employment conditions and other factors, such regions can be considered favorable for attracting top talent. Additionally, with the diversification of recruitment methods in recent years, it has become easier to find candidates who align with the company's needs. Furthermore, with an increasing number of young people in Japan aspiring to start their own businesses, hiring motivated individuals with a strong drive is also becoming more feasible.

Large market size
The third advantage is the large market size. In recent years, Japan's presence in the global market has been declining due to population decline and the economic development of countries in Asia and Africa. However, Japan's gross domestic product (GDP) ranks third after the United States and China, making it a huge market. Additionally, the average income per capita is high, so the profits from providing goods and services tend to be high as well. A large market size means more business opportunities, which is a major factor for foreigners to become business owners in Japan.

Impact of COVID-19: Foreign business owners are also eligible for sustainability grants
Many business owners have suffered significant damage to their businesses due to the impact of COVID-19. The Japanese government is distributing sustainability grants to such business owners. The sustainability grant is a program that provides 2 million yen to small and medium-sized corporations and 1 million yen to individual business owners whose sales have decreased by 50% or more compared to the same period last year. This subsidy is available not only to Japanese business owners but also to foreign business owners. As a result, many business owners in industries such as the food and beverage industry and the tourism industry are utilizing this subsidy.

Summary
Let's gain a proper understanding of foreign business owners

In this article, we have explained various aspects of foreign business owners, including their types and conditions. Some of you may currently work for a company owned by a foreign business owner. Did reading this article help you gain a deeper understanding of foreign business owners? In Japan, foreign business owners are now actively contributing to society, and their presence is no longer uncommon. While the number of foreign business owners is still relatively small compared to countries like the United States, it is expected to increase in the future, making them a group worth watching.  


What did you think?  

We hope this article serves as a reference for those aspiring to become foreign business owners.  

Please take the initiative and become a pioneer in the field of foreign business ownership!


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