Updated List of Eligible Investment Products for Japan’s NISA Program

The recent update to Japan’s NISA (Nippon Individual Savings Account) program introduces new eligible investment products, which is crucial for foreign entrepreneurs and investors looking to maximize their investment strategies in Japan. Understanding these changes can provide significant advantages in navigating Japan’s financial landscape, particularly for those with limited Japanese language skills. This update is an opportunity to align your investment portfolio with the latest offerings under the NISA framework.

Background & Context

The NISA program, established in 2014, is designed to encourage individual investment in Japan by allowing tax-free gains on eligible investments. The program has undergone several revisions, with the most recent changes announced by the Financial Services Agency (FSA) (Kinyū-chō) on May 1, 2026. The updates include an expanded list of eligible investment products, which now encompasses a broader range of mutual funds and ETFs that meet specific criteria set by the FSA. This initiative aims to enhance the accessibility of investment opportunities for both domestic and foreign investors, promoting a more robust investment culture in Japan. The NISA framework is divided into two main categories: the regular NISA and the tsumitate (accumulation) NISA, with the latter focusing on long-term, systematic investment strategies. The recent adjustments reflect the government’s commitment to adapting the investment landscape to meet the evolving needs of 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	Application fee

1. Foreign Residents Already Operating a Business in Japan
If you are currently running a business in Japan, the updated list of eligible investment products under the NISA program can provide new avenues for tax-efficient investment. You should review the new offerings and consider reallocating your investment portfolio accordingly. Ensure that you have the necessary documentation to apply for NISA accounts, which typically include identification and proof of residency. Failing to adapt your investment strategy could result in missed opportunities for tax savings.

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. As you establish your company, consider setting up a NISA account to take advantage of tax-free investment growth. You will need to gather necessary documents such as your residence card and bank statements. Delaying this process could hinder your financial planning and limit your investment options.

3. Foreign Investors Who Are NOT Residents of Japan
If you are an investor outside Japan, the updated NISA offerings may present new opportunities for investment in Japanese markets. However, you will need to navigate the legal requirements for opening a NISA account, which may include obtaining a Japanese bank account and providing identification. Not acting promptly could mean missing out on favorable investment conditions. It is advisable to consult with a financial advisor familiar with Japanese regulations to ensure compliance and maximize your investment potential.

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 under the NISA program. English support is available on their site.
Office: FSA (English Support: Yes)
Cost: Free (¥0)
Time: 1 hour
Pitfall: Not checking the latest updates

Step 2: Gather Required Documents
Collect necessary documents such as your residence card, identification, and proof of income.
Office: Personal Preparation (English Support: N/A)
Cost: Free (¥0)
Time: 2-3 hours
Pitfall: Missing documents

Step 3: Open a NISA Account
Contact a financial institution in Japan that offers NISA accounts. English support is typically available.
Office: Financial Institution (English Support: Yes)
Cost: Varies by institution, generally free to open
Time: 1-2 weeks
Pitfall: Choosing a bank without English support

Step 4: Select Investment Products
Choose from the eligible products listed under the NISA program that align with your investment strategy.
Office: Financial Institution (English Support: Yes)
Cost: Depends on the chosen products
Time: 1-2 days
Pitfall: Not aligning with your strategy

Step 5: Monitor Investments
Regularly review your investment portfolio and make adjustments as necessary based on market conditions and personal financial goals.
Office: Personal Monitoring (English Support: N/A)
Cost: Free, but consider potential transaction fees
Time: Ongoing
Pitfall: Ignoring market changes

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	10 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

Looking ahead, we can expect further refinements to the NISA program as the Japanese government continues to promote individual investment. Potential legislative changes could include expanding the types of eligible products or increasing the investment limits. Stakeholders should keep an eye on announcements from the Financial Services Agency (FSA) (Kinyū-chō) and other relevant government bodies, particularly in the next fiscal year, as these developments will significantly impact investment strategies 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.