Japan Announces Amendments to Travel Expenses Regulations for Financial Experts

2026年6月22日

The Financial Services Agency (FSA) has announced amendments to the regulations concerning travel expenses for expert witnesses and appraisers in financial proceedings. These changes are significant for foreign entrepreneurs operating in Japan, as they may impact engagement with financial experts during legal processes. Understanding these updates is crucial for compliance and optimizing operational costs in Japan’s regulatory environment.

📋 Quick Summary for Foreign Business Owners
Category: Regulatory Update

Background & Context

On June 22, 2026, the Financial Services Agency (FSA, Kin’yū-chō) announced amendments to the regulations governing travel expenses and allowances for expert witnesses and appraisers involved in proceedings under the Financial Instruments and Exchange Act (Kin’yū Shōhin Torihiki-hō) and the Certified Public Accountants Act (Kōnin Kaikeishi-hō). These amendments aim to streamline the reimbursement process and clarify eligibility criteria for expenses incurred by these professionals. The regulatory framework has evolved over the years, with significant amendments made to both acts in recent years. The latest changes reflect the FSA’s commitment to enhancing transparency and efficiency in financial proceedings, which is particularly relevant for foreign businesses navigating Japan’s legal environment.

How This Affects Your Business in Japan

Item	Cost (JPY)	Cost (USD approx)	Notes
Company Registration	¥150,000	$1,000	Standard registration cost
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 currently engaged in financial proceedings, it is essential to familiarize yourself with the new reimbursement guidelines. Ensure that any expert witnesses or appraisers you hire are aware of the updated travel expense regulations. Failure to comply may result in delays or increased costs. Keep documentation of all expenses and submit claims promptly to avoid complications.

2. Foreign Nationals Planning to Establish a New Company
For those looking to set up a business in Japan, understanding these regulations is vital when budgeting for legal proceedings. Incorporate potential costs of hiring expert witnesses into your financial planning. Additionally, consider consulting with legal professionals who can guide you through the complexities of these regulations to ensure compliance from the outset.

3. Foreign Investors Who Are NOT Residents of Japan
If you are considering investing in Japanese companies, be aware that these regulations may affect the financial health of the companies you are interested in. Understanding the cost implications of expert witness fees and travel expenses can provide deeper insights into the operational costs of potential investments. It is advisable to conduct thorough due diligence and consult with local experts to navigate these regulations effectively.

Step-by-Step: What You Need to Do

Step 1: Review the Amended Regulations
Visit the FSA website to access the full text of the amendments.
Office: FSA (English Support: Limited)
Cost: Free (¥0)
Time: 1 hour
Pitfall: Missing out on key details

Step 2: Consult with Legal Experts
Engage a legal consultant familiar with Japanese financial law to understand how these changes may impact your business.
Office: Legal Consultancy (English Support: Yes)
Cost: ¥30,000 (~$200 USD)
Time: 2-3 hours
Pitfall: Choosing an inexperienced consultant

Step 3: Document All Expenses
Ensure that you keep detailed records of any travel expenses incurred by expert witnesses or appraisers.
Office: Internal Records (English Support: N/A)
Cost: Free (¥0)
Time: Ongoing
Pitfall: Incomplete documentation

Step 4: Submit Claims for Reimbursement
Follow the new guidelines to submit claims for travel expenses. Ensure all documentation is complete to avoid delays.
Office: FSA (English Support: Limited)
Cost: Free (¥0)
Time: 1-2 hours
Pitfall: Incomplete claims

Step 5: Stay Updated on Future Changes
Regularly check the FSA website for any further amendments or updates to these regulations.
Office: FSA (English Support: Limited)
Cost: Free (¥0)
Time: Ongoing
Pitfall: Not staying informed

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	10 days
Minimum Capital Requirement	¥1	$1	$1	₩100
Annual Filing Cost	¥60,000	$300	$250	₩200,000
Visa Processing Time	1 month	2 weeks	3 weeks	1 month

What to Expect Next

Looking ahead, foreign entrepreneurs should monitor any further amendments to the Financial Instruments and Exchange Act and the Certified Public Accountants Act. Upcoming legislative sessions may introduce additional changes aimed at improving the efficiency of financial proceedings. Stakeholders should stay informed about these developments to ensure compliance and adapt their business strategies accordingly.