Updated List of Investment Products for NISA in Japan

The Japanese Financial Services Agency has updated the list of eligible investment products for the NISA (Nippon Individual Savings Account) program. This change is crucial for foreign entrepreneurs and investors looking to maximize their investment strategies in Japan. Understanding these updates can help you make informed decisions and optimize your tax benefits while navigating the Japanese market.

Background & Context

The NISA program, established in 2014, allows individuals to invest in stocks, mutual funds, and other financial products without incurring capital gains tax for a specified period. The Financial Services Agency (FSA, 金融庁, Kin’yū-chō) oversees this program, which has undergone several amendments to enhance its attractiveness and accessibility. The latest update, published on April 30, 2026, includes a revised list of eligible investment products under the ‘Tsumitate NISA’ (積立NISA) framework, which focuses on regular, small-scale investments. The FSA aims to encourage long-term investment habits among residents, including foreign nationals, by expanding the range of products available for tax-free investment. This update is part of Japan’s broader effort to stimulate economic growth and attract foreign capital, aligning with the Financial Instruments and Exchange Act (金融商品取引法, Kin’yū Shōhin Torihiki-hō) and the Tax Reform Act (税制改正法, Zeisei Kaisei-hō).

How This Affects Your Business in Japan

Item	Cost (JPY)	Cost (USD approx)	Notes
Company Registration	¥150,000	$1,000	Standard registration fee
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 currently investing under the NISA program, review the updated list of eligible products to ensure your investments align with the new offerings. You may need to adjust your portfolio to take advantage of new tax benefits. It’s advisable to consult with a financial advisor familiar with Japanese regulations to optimize your investment strategy. Failure to adapt 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 investment strategies. Consider utilizing the Tsumitate NISA for your personal investments to build capital that could support your business endeavors. Ensure you familiarize yourself with the application process for NISA accounts, which typically requires identification and proof of residency. Delaying this could hinder your ability to invest effectively from the outset.

3. Foreign Investors Who Are NOT Residents of Japan
If you are considering investing in Japan from abroad, the updated NISA product list may present new opportunities. However, non-residents should be aware of the tax implications and potential restrictions on investment types. Engaging with a local financial advisor or legal expert can help navigate these complexities. Not acting promptly could lead to missed investment opportunities or complications in tax reporting.

Step-by-Step: What You Need to Do

Step 1: Review the Updated NISA Product List
Visit the FSA website to access the latest information on eligible products. Office: FSA (English Support: Yes)
Cost: Free (¥0)
Time: 1 hour
Pitfall: Not verifying the latest updates

Step 2: Open a NISA Account
Contact a local financial institution or brokerage that offers NISA accounts. Ensure they provide English support. Office: Local Financial Institution (English Support: Limited)
Cost: Free (¥0)
Time: 1-2 weeks
Pitfall: Not checking for English support

Step 3: Gather Required Documents
Prepare necessary identification and proof of residency (e.g., residence card, passport). Office: Local Government Office (English Support: Limited)
Cost: Free (¥0)
Time: 1-2 days
Pitfall: Missing documents

Step 4: Submit Your Application
Complete the application process with your chosen financial institution. Office: Financial Institution (English Support: Limited)
Cost: Free (¥0)
Time: 1-2 weeks
Pitfall: Incomplete application

Step 5: Start Investing
Once your account is active, begin investing in eligible products. Monitor your investments regularly. Office: Online Platform (English Support: Yes)
Cost: Variable based on investment choices
Time: Ongoing
Pitfall: Not understanding product specifics and tax implications

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

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	₩1
Annual Filing Cost	¥60,000	S$300	HK$2,000	₩100,000
Corporate Tax Rate	23.2%	17%	16.5%	22%

What to Expect Next

As Japan continues to refine its investment frameworks, stakeholders should watch for further updates to the NISA program and potential new tax incentives. Upcoming legislative sessions may introduce additional reforms aimed at attracting foreign investment. Key dates to monitor include the annual budget announcements and any special sessions focused on economic revitalization. These developments could significantly impact the investment landscape 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.