The Granting of the Fukuoka Prefecture Business Location Promotion Subsidy

Fukuoka Prefecture provides a partial subsidy to cover a portion of the expenses incurred by foreign and foreign-affiliated financial institutions and FinTech companies that establish a new base of operations within the prefecture.

Note: Should you be interested in leveraging this grant, we encourage you to contact us prior to completing and submitting the application forms.

Fukuoka Prefecture Business Location Promotion Subsidy: Financial Sector Overview

・Eligible Financial Companies

Foreign/Foreign-Affiliated Financial Institutions: Banks, securities companies, or insurance companies established under foreign law, or with at least one-third foreign capital contribution.

Asset Management Companies: Companies engaged in investment management business or investment advisory and agency business related to financial instruments as stipulated by the Financial Instruments and Exchange Act.

FinTech Companies: Companies that generate revenue by providing financial products and services utilizing their own in-house developed IT technology to other companies and consumers.

・Eligible Costs and Subsidy Calculation Basis

The subsidy is calculated based on a portion of the following costs:

Acquisition of Business Facilities: 1/2 of the Capital Investment Amount.
Leasing of Business Facilities: 1/2 of the annual rent for assets qualifying as Capital Investment Amount.
Initial Costs for Leasing: 1/2 of the initial costs associated with leasing the facilities (e.g., key money, membership fees, security card fees, restoration fees).
Consultation Fees for Experts: 1/2 of the fees paid to lawyers, tax accountants, etc., for services related to licenses and legal/tax affairs.
Recruitment Expenses: 1/2 of the expenses paid to domestic and overseas paid employment placement services for hiring new permanent employees who are prefectural residents within one year of operation start.

Note: Fractions less than 1,000 yen will be rounded down.

・Maximum Subsidy Amount

The maximum amount a Grant Recipient can receive for Financial Companies is 8 million yen for the total amount calculated from items 1 to 5 above.

・Eligibility Requirements

Employment: You must hire at least one new permanent employee who is a resident of Fukuoka Prefecture.
Business Approval before Lease Agreement: It is mandatory to obtain business approval before concluding a lease agreement.
To do so, you will need to submit a “Business Approval Application Form” (Form No. 1), ideally at least one month prior to the intended lease agreement.

Refer to the following for detailed guidelines and application forms.

・Program Regulations for the Granting of the Fukuoka Prefecture Business Location Promotion Subsidy

・Schedule 1 -3(1-2, 2-related)

・Schedule 4-6(1-2, 2-related)

・Form No. 1 Application Form for Business Approval

・Form No. 4 Application Form for Business Plan Change

・Form No. 6 Application Form for Subsidy Grant

・Form No. 8 Request Form for Subsidy Payment

・Attachment 1 Company overview/Business facility overview

・Attachment 2 Capital Investment Amount Breakdown

・Attachment 3 List of New Permanent Employees

・Attachment 4 List of Relocatees

・Attachment 5 List of Director and Exective

・Attachment 6 List of Company Housing Residents

・Attachment 7 Breakdown of Expert Consultation Fees and Recruitment Expenses at Financial Companies