Updated List of Eligible 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, which is crucial for foreign entrepreneurs and investors looking to maximize their investment strategies in Japan. Understanding these updates can help you navigate the investment landscape more effectively and take advantage of tax benefits associated with long-term investments.

Background & Context

The NISA program, established in 2014, allows Japanese residents to invest in a variety of financial products without incurring capital gains tax on profits up to a certain limit. The program was created to encourage individual investment in the stock market and other financial instruments. The Financial Services Agency (FSA) (Shoken-kin’yuu-cho) oversees the regulation and updates of this program. In 2021, the program was amended to include a ‘Tsumitate NISA’ (積立NISA) option, which focuses on regular, long-term investments. The recent update on April 30, 2026, provides a refreshed list of eligible products, ensuring that investors have access to a diverse range of options that align with their investment goals. This update is part of Japan’s ongoing efforts to enhance its investment environment and attract foreign capital.

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	Business Manager visa

1. Foreign Residents Already Operating a Business in Japan
If you are already engaged in business activities in Japan, this update allows you to diversify your investment portfolio. You should review the updated list of eligible products and consider reallocating your investment strategies to include these options. Ensure that you have the necessary documentation to prove your residency status and investment eligibility. Failing to adapt to these changes may result in missed opportunities for tax-free growth on your investments.

2. Foreign Nationals Planning to Establish a New Company
For those looking to start a new business, understanding the NISA program can be beneficial. You can leverage the tax advantages of the Tsumitate NISA to invest in your business or other ventures. Be prepared to provide proof of your investment intentions and residency status when applying for NISA accounts. Not taking advantage of these benefits could hinder your financial growth in the early stages of your business.

3. Foreign Investors Who Are NOT Residents of Japan
If you are considering investing in Japan from abroad, the NISA program offers a unique opportunity to enter the Japanese market. However, as a non-resident, you will need to navigate specific regulations and may not be eligible for the same tax benefits. It is crucial to consult with a financial advisor familiar with Japanese investment laws to avoid potential pitfalls and ensure compliance with local regulations. Ignoring these aspects could lead to costly mistakes or missed investment opportunities.

Step-by-Step: What You Need to Do

Step 1: Research Eligible Products
Visit the Financial Services Agency (FSA) website to review the updated list of eligible investment products. English support is available on the website.
Office: Financial Services Agency (English Support: Yes)
Cost: Free (¥0)
Time: 1-2 hours
Pitfall: Not checking for the latest updates

Step 2: Determine Your Eligibility
Ensure you meet the residency requirements for the NISA program. Typically, you must be a resident of Japan.
Office: Local City Hall (English Support: Limited)
Cost: Free (¥0)
Time: 1 hour
Pitfall: Misunderstanding residency criteria

Step 3: Open a NISA Account
Contact a financial institution that offers NISA accounts. Many banks and securities firms provide English support.
Office: Local Bank or Securities Firm (English Support: Yes)
Cost: Typically free (¥0)
Time: 1-2 weeks
Pitfall: Delays due to incomplete documentation

Step 4: Prepare Documentation
Gather necessary documents such as proof of residency and identification.
Office: Local City Hall (English Support: Limited)
Cost: Free (¥0)
Time: 1-2 hours
Pitfall: Missing required documents

Step 5: Invest in Eligible Products
Once your account is open, you can start investing in the eligible products listed.
Office: Financial Institution (English Support: Yes)
Cost: Varies based on investment amount
Time: Ongoing
Pitfall: Not diversifying investments

Step 6: Monitor Your Investments
Regularly check your investment performance and make adjustments as necessary.
Office: Online Platform (English Support: Yes)
Cost: Free (¥0)
Time: Ongoing
Pitfall: Ignoring market trends

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	7 days	10 days	12 days
Minimum Capital Requirement	¥1	S$1	HK$1	₩1
Corporate Tax Rate	23.2%	17%	16.5%	22%
Visa Processing Time	1 month	2 weeks	3 weeks	1 month

What to Expect Next

As Japan continues to refine its investment landscape, we can expect further updates to the NISA program, particularly in response to changing economic conditions and investor needs. Watch for potential amendments in 2027 that may expand the range of eligible products or adjust investment limits. Keeping abreast of these developments will be crucial for foreign investors looking to capitalize on Japan’s evolving market.

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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.