With a nominal GDP of nearly five trillion USD, Japan is the third-largest economy in the world. The island nation is home to over 120 million affluent consumers with a combined spending power of nearly three trillion USD.
Although Japan is a complex market that requires extensive localization, businesses with the right support can overcome barriers to entry and prosper in this dynamic country that serves as a business hub for all of Asia.
Japan exported over 700 billion USD worth of goods in 2018 and is internationally recognized as a leader in the automotive (20.9% of total exports), machinery (20.1%), and electrical equipment (14.8%) industries. In addition to these traditional sectors, Japan’s nascent startup ecosystem is rapidly expanding thanks to a stable economy and increased government support.
Japan market entry is not reserved for large corporations, small and medium-size enterprises (SMEs) can also prosper here. Japan’s 3.5 million SMEs account for 99.7% of the businesses operating in the country and play an integral role in economic growth.
With consistent increases in the volume and revenues from international tourists, Japan is one of the fastest-growing inbound tourism economies in the world. Japan also boasts a robust domestic tourism market and high foreign and national investments into the hospitality and travel industry.
Japan is home to the world’s third-largest pharmaceutical market. The government is actively promoting growth in this sector, resulting in a 3.4% compound annual growth rate.
The domestic market for smart agriculture (technology-driven farming) is growing exponentially and is expected to reach 3.19 billion yen by FY2022.
The dual goals of greater energy self-sufficiency and the creation of a carbon-free society create opportunities and require innovation—especially in the renewable energy sector.
We offer a diverse range of services to foreign-based businesses looking to enter or expand in the Japanese market. From business strategy to operational support, HLS Global can help you overcome common Japan market entry hurdles and allow you to focus on the core competency of your business.
Our professionals have extensive experience in multiple domains across diverse industries, and our core accounting business is staffed by several Certified Public Accountants and Certified Tax Accountants. Most of our senior members have extensive leadership experience with the largest global firms, and we remain committed to providing the highest quality solutions to our clients.
Contact us today to learn how our market entry specialists can help you achieve success in Japan, or read our ‘Japan Market Entry and Incorporation Strategies‘ blog for more insights and strategies to succeed in the Japanese market.
The world’s third-largest economy (GDP)
Home to the highest number of Fortune Global 500 corporate head offices in the world
Ranked first in the world for percentage of highly-skilled workers
Ranked first globally for infrastructure quality
As an international accounting and business advisory firm, we specialize in providing superior professional services to both Japanese and non-Japanese multinational companies operating globally.
Whether you are evaluating your plans for market entry, need help with incubation and operations, or seek cross-border M&A and tax advisory, we can support all your business requirements through a wide range of services. Our professionals remain committed to supporting you by assessing your needs, planning strategically, and implementing solutions to ensure that you achieve your goals. At HLS Global, we pay the highest attention to our clients while providing our services with precision in both English and Japanese.
Some of the areas we offer assistance in are Entity Incorporation, Tax Compliances, Audit and Assurance support, Operational Outsourcing, HR & Labor Law support, and Business Advisory, which can feature a tailor-made package of sales and business development support, market intelligence, and much more — depending on your current needs as a business.
Successfully entering the Japanese market may seem daunting at first, but with our end-to-end business consulting services, we will help you craft a Japan market entry strategy that will ensure that you avoid costly pitfalls. When entering the Japanese market, it is critical to form a clear strategy and work with strategic partners that are familiar with Japan’s cultural and competitive landscape. We provide solutions that will ensure your success via the following services:
Should you incorporate in Japan as a Kabushiki Kaisha (KK), Godo Kaisha (GK), or simply establish a branch office? What are the minimum office and personnel requirements to get started in Japan? Do processes need to be adapted to match up with Japanese business culture? How can local experts be leveraged for successful market entry?
Discover the answers to these questions and much more by letting our team of experts guide you throughout the entire Japan market entry and expansion process. We’ll ensure that you are aware of local regulations and compliance requirements while helping you find the right solutions to manage day-to-day operations smoothly.
Contact us today to learn why we are the solution that will ensure your success in Japan.
Keep up with the latest Japan market entry strategies on our blog.