Updated List of Eligible Investment Products for NISA in Japan

The Japanese Financial Services Agency has recently updated the list of eligible investment products for the NISA (Nippon Individual Savings Account) program, which is crucial for foreign entrepreneurs looking to invest in Japan. Understanding these changes can help you maximize your investment strategies and ensure compliance with local regulations. This update is particularly relevant for those interested in long-term investment options within Japan’s growing economy.

Background & Context

The NISA program, established in 2014, allows individuals to invest in stocks and mutual funds without incurring taxes on capital gains and dividends for a specified period. The Financial Services Agency (FSA) (金融庁, Kin’yū-chō) oversees this program, which aims to encourage personal investment in Japan’s economy. The recent update on April 30, 2026, includes a revised list of eligible investment products under the ‘tsumitate’ (installment) investment framework. This framework is designed for long-term, regular investments, making it an attractive option for foreign investors looking to enter the Japanese market. The eligible products typically include various mutual funds and ETFs that meet specific criteria set by the FSA. The last major amendment to the NISA framework occurred in 2021, which expanded the investment limits and product eligibility, reflecting the government’s ongoing commitment to enhance investment opportunities for both domestic and foreign investors.

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	Standard application fee

1. Foreign Residents Already Operating a Business in Japan
If you are already running a business in Japan, the updated list of eligible investment products allows you to diversify your investment portfolio. You should review the new products and consider reallocating your investments to maximize tax benefits. Ensure you have the necessary documentation, such as your residence card and tax identification number, to open or modify investment accounts. Failure to act may result in missed opportunities for tax-free growth on your investments.

2. Foreign Nationals Planning to Establish a New Company
For those planning to start a business in Japan, understanding the NISA program can be beneficial for personal financial planning. You can utilize the tsumitate investment options to build a financial cushion while your business is in its early stages. Prepare to provide identification and proof of residency when applying for investment accounts. Delaying this process may limit your ability to take advantage of tax-free investment opportunities.

3. Foreign Investors Who Are NOT Residents of Japan
Non-residents can also benefit from the NISA program, but they must navigate specific regulations regarding eligibility. You will need to consult with a financial advisor familiar with Japanese investment laws and may require a local bank account to invest. The risks of inaction include potential tax liabilities on investment gains if you do not utilize the NISA framework effectively. It’s advisable to stay informed about the latest updates and changes to the NISA program to ensure compliance and optimize your investment strategy.

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 site.
Office: Financial Services Agency (English Support: Yes)
Cost: Free (¥0)
Time: 1-2 hours
Pitfall: Not verifying the latest product list

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: Yes)
Cost: Free (¥0)
Time: 1-2 weeks
Pitfall: Choosing a provider without English support

Step 3: Gather Required Documents
Prepare necessary documents, including your residence card, tax identification number, and proof of income.
Office: Local Financial Institution (English Support: Yes)
Cost: Free (¥0)
Time: 1-2 days
Pitfall: Missing documentation

Step 4: Submit Application
Submit your NISA account application along with the required documents to your chosen financial institution.
Office: Local Financial Institution (English Support: Yes)
Cost: Free (¥0)
Time: 1 week
Pitfall: Incomplete application

Step 5: Select Investment Products
Once your account is approved, choose from the eligible investment products. Consult with a financial advisor if needed.
Office: Local Financial Institution (English Support: Yes)
Cost: Varies based on investment
Time: 1-2 weeks
Pitfall: Not consulting an advisor

Step 6: Monitor Investments
Regularly review your investment portfolio and stay updated on any changes to the NISA program.
Office: Self-managed
Cost: Free (¥0)
Time: Ongoing
Pitfall: Neglecting portfolio reviews

Key Contacts
www.jetro.go.jp/en/
www.moj.go.jp/isa/
www.customs.go.jp/english/
www.nta.go.jp/english/
www.meti.go.jp/english/
www.fsa.go.jp/en/

Expert Analysis: Japan vs. Regional Competitors

Metric	Japan	Singapore	Hong Kong	South Korea
Incorporation Time	2-3 weeks	1-2 weeks	1 week	2 weeks
Minimum Capital Requirement	¥1	S$1	HK$1	₩1
Corporate Tax Rate	23.2%	17%	16.5%	22%
Visa Processing Time	1-3 months	1 month	1 month	1-2 months

What to Expect Next

Looking ahead, foreign entrepreneurs and investors should monitor potential legislative changes that may further enhance the NISA program. The FSA has indicated a commitment to reviewing and updating investment frameworks regularly, with potential announcements expected in late 2026. Stakeholders should keep an eye on any proposed changes to tax regulations or investment limits that could impact their strategies. Engaging with local financial advisors will be crucial to navigate these developments effectively.

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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.