Press release from Business Wire
Accenture Selected by Tokyo Metropolitan Government to Recruit Foreign Companies to Locate Their Asian Regional Headquarters in City's Special Zone
<p class='bwalignc'> Companies receive tax and deregulation benefits, financial assistance and consulting services </p>
Monday, May 20, 2013
Accenture Selected by Tokyo Metropolitan Government to Recruit Foreign Companies to Locate Their Asian Regional Headquarters in City's Special Zone01:00 EDT Monday, May 20, 2013
TOKYO (Business Wire) -- Accenture (NYSE: ACN) has been selected by the Tokyo Metropolitan Government (TMG) to recruit 10 or more foreign companies to establish their Asian regional headquarters or research and development (R&D) centers in Tokyo's Special Zone for Asian Headquarters by March 2014. The TMG plans to recruit 500 foreign companies, with an initial target of establishing 50 regional headquarters, in the Special Zone by 2016.
Leveraging its management consulting skills and capabilities, Accenture will develop a list of promising foreign companies, targeting industries with the potential to enhance the region's international competitiveness. The company also will promote the attractiveness of Tokyo as an ideal region for business expansion.
“Accenture will encourage exceptional companies, with superior technologies and services, to establish their regional headquarters in the Special Zone and take advantage of all that Tokyo has to offer as one of the best cities in Asia for doing business,” said Hiroshi Goto, who leads Accenture's Health & Public Service business in Japan. “At the same time, we will advise the TMG on actions to consider to improve the business, government and living environments to help strengthen both Tokyo's and Japan's global competitive positioning.”
Foreign companies that locate their Asian regional headquarters in the Special Zone will benefit from preferential tax treatment, bold deregulation and a generous package of financial assistance from the TMG, as well as management consulting services from Accenture to help them through the decision-making process.
The following are some of the specific benefits for which companies in the Special Zone will be eligible:
- Preferential Tax Treatment: If newly established Japanese corporations locate their Asian headquarters or R&D centers in Tokyo, and satisfy certain requirements, they will be eligible to receive either a reduced effective corporate tax rate, competitive with other Asian cities, or special depreciation rates (e.g. 50 percent of machinery acquisition costs, 25 percent of building acquisition costs) or an investment tax credit (e.g.15 percent of machinery acquisition costs, 8 percent of building acquisition costs).
- Subsidy programs: Subsidies, through the TMG, will be provided for up to 50 percent of recruiting costs, the cost of establishing offices in Tokyo and various notification costs, etc., when locating an office in the Special Zone.
- Consulting services: Accenture will provide management consulting services to foreign companies in the process of examining entry or expansion into the Japanese market until their final decision to locate their Asian regional headquarters or R&D centers in Tokyo. Accenture's services will include the formulation of growth strategies, market research and analysis and the identification of business partners.
- Use of business development center: Companies are able to make full use of the Business Development Center Tokyo, which provides one-stop services by full-time bilingual staff, mainly supporting sales channel development, including responding to overall business inquiries, such as incorporation of enterprise and helping expatriates adjust to life in Tokyo. The services are provided through Mitsubishi Estate, commissioned by the TMG.
Learn more about the Special Zone for Asian Headquarters and Accenture's work in Operations & Management and its global program Delivering Public Service for the Future.
Accenture is a global management consulting, technology services and outsourcing company, with 261,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US $27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is www.accenture.com.
Accenture Japan Ltd.
Ken Kanda, +81-45-330-7377