All workers who work in Japan are covered by compensation for accidents sustained at work or accidents sustained while commuting to or from work. This protection applies equally to Japanese and foreign workers working in Japan. In cases where an employee is injured while at work, the employee is entitled to receive compensation during his or her absence from work in addition to having his or her medical expenses covered. This benefit can vary depending on the situation but it should amount to about 80% of the injured employee’s normal salary. This benefit will start to accrue starting after the […]
In addition to the subsidies, tax breaks and other incentive programs offered by the national Japanese government, the local Osaka prefectural government also offers programs to encourage foreign businesses to establish a presence in the prefecture. For example, foreign businesses expanding into Osaka can get subsidies of up to 5% off purchases of land for a headquarters building or up to 1/3 off of their rent when renting. Renovating an old factory or R&D facility can also results in a subsidy.
In order to attract foreign businesses to Japan, the Japanese government has enacted laws specifically designed to provide an incentive for parties who wish to expand their business into Japan. One such law is the Act for Promotion of Japan as an Asian Business Center, which was put into effect in November of 2012.
Splitting a company can be a valuable strategic tactic for corporations that want to change the focus of their business or split into two more specialized companies. There are two types of company splits in Japan: absorption type splits and incorporation type splits.