BDO LLP | INTERNATIONAL TECH HUBS THIRD EDITION
10
Many people want to study in Japan, particularly to major in engineering and computer science. A large number of Japanese universities and colleges have IT incubators that help fund students and startups with technology. They can also match-make student startups with investors.
TRUST AND LEGAL ADHERENCE Japan’s legal system adheres to Western legal systems and all agreements and contracts can be in English, Japanese or both. So – unlike other countries in the ASEAN region – anyone that wants to set up business in Japan can do it in English. There is a lot of trust in the system as everything is done ‘by the book’ and this is one of Japan’s key strengths. If you’re bilingual in Japanese and English, you have an additional advantage. There are no restrictions if you want to set up a company. You don’t need a million dollars or even a hundred thousand dollars. You could come to Japan with $1000 and establish your own company. All you need is a legal address and a director that’s a Because of the declining population in Japan, it can be difficult to find good talent. Most graduates want to work for large, established companies, or travel to work in other parts of the world. The younger generation are open to working for start-up tech companies, but they ideally prefer the company to have a strong reputation, such as Amazon or IBM. Once people come and work in Japan, they tend to want to stay. It’s safe, it’s stable, there’s very little employee turnover; it’s a very employee-friendly country with a lot of job security. In addition to this, there are plenty of jobs around, so it is not difficult to move here and find a job. In fact, Japan was voted one of the top 10 talent hubs in the world in 2021 . Japanese resident. THE TALENT POOL
TECH DRIVES THE MAJORITY OF INVESTORS OF ALL SIZES INTO JAPAN . THERE IS ALSO STRONG INTEREST IN EVERYTHING FROM FINTECH, TO REAL ESTATE AND BANKING.
Made with FlippingBook HTML5