Support for Reducing Costs to Set Up Business
O-BIC Support Program for Foreign Companies -Fiscal 2018-
1. Purpose of Program
For the Osaka Business and Investment Center (O-BIC) to promote investment in Osaka, the O-BIC Support Program for Foreign Companies aims to support foreign companies that have decided to set up a base of business operations in Osaka Prefecture, by alleviating the burden through reduction of part of the costs to be paid by such foreign companies.
2. Companies Eligible for Support
Eligibility is restricted to those foreign companies (with one third or more foreign capital percentages) that set up a new head office or branch in Osaka during the period from April 1st 2018 to March 31st 2019, assisted by O-BIC or other local municipalities.
3. Applicable Costs
Concerning the following costs** to be paid to Supporting Companies* registered with O-BIC for their services offered before the establishment of a new head office or branch, the costs designated by O-BIC are provided with the actually required costs as the maximum amount:
- Expenses for obtaining registration: 100,000 yen per applicant
- Expenses for obtaining status of residence***: 50,000 yen per applicant
- * “Supporting Companies” are those companies, organizations or individuals registered with O-BIC as ones who are capable of offering foreign companies required support for their entry into Japan to establish a presence to do business.
- ** Costs not applicable are:
Those costs that are unconnected with the services offered by Supporting Companies such as; taxes like consumption tax, expenses to be paid to governmental or public offices etc.
Expenses involving financial support (like subsidy) from any other parties.
Any other expenses considered by O-BIC to be inapplicable.
- *** Support fund for obtaining the status of residence is provided only when application for Certificate of Eligibility is submitted within three weeks after the registration of the company.This condition is inapplicable to any application made anytime past March 31st 2019.
- **** Individuals apply only to above mentioned 3-1.
- ***** Support fund is provided only within the set budget.
4. Matters to Pay Attention to, for Receiving Support
- Support fund is not paid for any new head office or branch that is not established by March 31st 2019.
- The only applicable costs are those expenses paid, by March 31st 2019.
- Regarding the establishment of a new office or branch, circumstances concerned with procedures for registrations, permits or notifications are comprehensively considered.
5. Payment of Support Fund
Support fund is directly paid to the service providers concerned (O-BIC Supporting Companies) on confirmation of the cost payments and achieved results report after the establishment of a new office or branch.
6. Confirmation of Payments
O-BIC staffers will visit the company to check through the originals of relevant contracts, bills, statements, receipts or other documents. If such confirmation is not made, support fund cannot be paid.
7. Alteration in Application for Support
For alteration in the initial application for the Support Program, another application for such alteration is required. Such applicant is asked to contact O-BIC for details. However, some minor alterations may not require that procedure.
8. Language to be Used in Applications or Other Documents
Applications or other documents must be completed in Japanese or English.
9. Please Note
- Applications are accepted on the understanding that the support fund recipient's name and the amount of support fund may be made public without the recipient's prior consent.
- Any recipients who make a false statement or misrepresentation on the application form or on any accompanying documents will be demanded to pay back the fund.
10. Process of Procedures
The straight-line rectangles on the right of the pages indicate the steps to be taken by support fund recipients. These steps must be taken in time before the closing dates. The dotted-line ones are for O-BIC to do.
(1) Prior consultation
Prior consultation is required before application.
(2) Application for support fund
Application must be submitted as soon as possible, once the decision is made to set up a head office or branch.
(3) Screening / Approval for Support
Screening of applications is conducted and the outcome will be informed to applicants.
To those who passed the screening, ‘notification of support approval’ will be sent.
(4) Establishment of a head office or branch
O-BIC must be informed so when a new head office or branch is established.
Application for approval of alteration may be necessary.
(5) Determination of support fund amount
Based on the application documents and the report on commissioned matters from the service providers concerned (O-BIC Supporting Companies), the amount of support fund is determined.
(6) Payment of expenses
Support fund recipient must pay the recipient’s share of expenses concerned.
(7) Report on recipient’s support-related results
Within one month from the date of establishment of a head office or branch, support fund recipient must submit a report on the recipient’s support-related results.
(8) Confirmation of payments
Confirmation is required to make sure that support-related payments are properly made. All vouchers and other documents for evidence must be retained for 5 years after the period of the Support Program, up to March 31st 2024.
(9) Payment of support costs
Support-related costs due are paid by transfer into the bank accounts of the service providers (O-BIC Supporting Companies).
- Additional data/documents are necessary if the payment routine is not above mentioned method.
- The contents of the details of ‘O-BIC Support Program for Foreign Companies’ are subject to change.
11. Applications and Inquiries to
Osaka Business and Investment Center (O-BIC)
Tel: +81-(0)6-6944-6298 Fax: +81-(0)6-6944-629