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Subsidies for Start Ups
When starting a new business or expanding into a new market, prefectural and city governments can provide a subsidy to help small and medium sized enterprises hire key employees (“Kiban Jinzai”) required for the reinforcement of business infrastructure in order to bring the business into a sustainable growth path. This includes foreign companies starting their subsidiaries in Japan.
Requirements
- The employer must be qualified to pay employment insurance. An employer who has not employed anyone yet needs to be a qualified to recruit employees.
- From the date business starts until the first submission of wages application, the enterprise must have spent more than ¥3,000,000 or more for setting up of equipment and facilities.
- The application should be made within 6 months of starting business.
- The employee should have specialized knowledge and techniques in business and technical planning, training and making proposals. Also people who can be assigned as Assistant Managers or at a higher level and can train and manage subordinates.
- The employee must have an annual salary of more than ¥3,500,000.
- The subsidy is only valid for a maximum of 5 people per enterprise.
Amount of Subsidy
For “Kiban Jinzai” who have worked for more than 1 year, a company can receive ¥1,400,000 per person. The company must apply for it twice:
1) after the employee has completed 6 months of employment.
2) at the end of the 1st year of employment.
¥700,000 will be paid each time. The subsidy will be paid 4 to 5 months after each application.
General employees who are not classified as “Kiban Jinzai”, will be subsidized at ¥300,000 per person. A maximum of 5 general employees per enterprise can be subsidized and the number of general employees cannot be greater than the “Kiban Jinzai”.
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