Updated List of Eligible Investment Products for NISA in Japan

Foreign entrepreneurs looking to invest in Japan should take note of the recent updates to the eligible investment products under the NISA (Nippon Individual Savings Account) program. This program has been designed to encourage individual investment and savings in Japan, making it crucial for foreign investors to understand the latest offerings and regulations. With the updated list of eligible products, now is the time to explore how these changes can benefit your investment strategy in Japan.

Background & Context

The NISA (Nippon Individual Savings Account) program was introduced in Japan in 2014 to promote individual investment by providing tax exemptions on certain investment products. The Financial Services Agency (FSA) of Japan (Shōken Tōsei-kyoku) oversees the NISA program, which has undergone several amendments to enhance its effectiveness and broaden its appeal to both domestic and foreign investors. The latest update, effective from April 30, 2026, includes a revised list of eligible investment products that can be held within NISA accounts. This change is part of Japan’s ongoing efforts to stimulate economic growth and encourage more individuals to participate in the investment market. The NISA program allows individuals to invest a certain amount each year without incurring capital gains tax, making it an attractive option for long-term savings and investment. The current legal framework surrounding NISA is governed by the NISA Act (NISA-hō) and has seen various updates to its structure and eligible products over the years, with significant amendments in 2021 and 2023. The latest update aims to streamline the investment process and provide clearer guidelines for investors.

How This Affects Your Business in Japan

Item	Cost (JPY)	Cost (USD approx)	Notes
Company Registration	¥150,000	$1,000	Standard fee for registration
Notary Fee	¥50,000	$350	For document notarization
Visa Application	¥4,000	$30	Application fee

1. Foreign Residents Already Operating a Business in Japan
If you are already utilizing NISA accounts for your investments, it is essential to review the updated list of eligible products. This may provide new opportunities for diversifying your investment portfolio. Ensure that your financial advisor is aware of these changes to maximize your investment strategy. Failure to adapt to these changes could result in missed opportunities for tax-free gains.

2. Foreign Nationals Planning to Establish a New Company
For those looking to start a business in Japan, understanding the NISA program can be beneficial for personal investments. Establishing a NISA account can help you save on taxes while growing your investment capital. You will need to provide identification and proof of residency in Japan to open an account. Ensure you stay updated on the latest eligible products to make informed investment decisions.

3. Foreign Investors Who Are NOT Residents of Japan
If you are considering investing in Japan from abroad, the NISA program may offer a pathway to invest in Japanese markets with tax advantages. However, non-residents may face additional regulations and may need to consult with a financial advisor familiar with cross-border investments. Not taking action could limit your ability to capitalize on the favorable investment climate in Japan.

Step-by-Step: What You Need to Do

Step 1: Research the Updated List of Eligible NISA Products
Visit the Financial Services Agency (FSA) website for the latest updates. English support is available on their site.
Office: Financial Services Agency (English Support: Yes)
Cost: Free (¥0)
Time: 1 hour
Pitfall: Not reviewing the entire list thoroughly

Step 2: Open a NISA Account
Contact a financial institution in Japan that offers NISA accounts. English support is typically available.
Office: Local Financial Institution (English Support: Limited)
Cost: Free (¥0)
Time: 1-2 weeks
Pitfall: Not having the required identification and residency proof

Step 3: Consult with a Financial Advisor
Engage a financial advisor who understands the NISA program and can guide you on investment strategies. English-speaking advisors are available.
Office: Financial Advisory Firm (English Support: Yes)
Cost: ¥10,000 to ¥30,000 (~$70 to $210 USD) per session
Time: 1-2 meetings
Pitfall: Not asking about their experience with foreign investors

Step 4: Make Your Investments
Once your NISA account is set up, you can start investing in eligible products. Ensure you keep track of your investments and any changes in eligibility.
Office: Financial Institution (English Support: Limited)
Cost: Depends on the investment
Time: Ongoing
Pitfall: Not monitoring changes in the NISA program

Step 5: Review Your Investment Strategy Regularly
Stay informed about updates from the FSA and adjust your strategy as needed.
Office: Self-Review (English Support: N/A)
Cost: Free (¥0)
Time: Quarterly reviews
Pitfall: Ignoring market trends and updates

Key Contacts
www.fsa.go.jp/en/
www.jetro.go.jp/en/
www.moj.go.jp/isa/

Expert Analysis: Japan vs. Regional Competitors

Metric	Japan	Singapore	Hong Kong	South Korea
Incorporation Time	14 days	3 days	5 days	12 days
Minimum Capital Requirement	¥0	S$1	HK$1	₩100,000
Corporate Tax Rate	30%	17%	16.5%	22%
Visa Processing Time	1 month	2 weeks	3 weeks	1 month

What to Expect Next

Looking ahead, the FSA is expected to continue refining the NISA program to make it more accessible and appealing to both domestic and foreign investors. Watch for potential legislative changes that may further expand the range of eligible products or increase the investment limits. Key timelines to monitor include any announcements from the FSA regarding new product eligibility or changes to the investment limits, which could occur annually. Staying informed will be crucial for maximizing investment opportunities in Japan.

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Sources & References

This article is based on the following source and enhanced with professional analysis for foreign business owners.
Source: その他,つみたて投資枠対象商品届出一覧及びつみたて投資枠対象商品の概要を更新しました。

⚠️ This article is for informational purposes only and does not constitute legal advice. Please consult a qualified Japanese attorney (bengoshi) or judicial scrivener (shiho shoshi) for advice specific to your situation.