Japan Puts Forth Bold Legislation to Attract More Foreign Asset Managers to Upgrade Global Financial Center Status in Post-COVID-19 World | K&L Gates LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
It will provide investment advice to its clients
Affirmative Investment Management (AIM) has become the first foreign asset manager to register its business in Japan using the newly created Financial Market Entry Office (FMEO) in the country.
AIM in Japan is registered as an investment advisory and agency business, which enables the firm to provide investment advice to its clients. This will also be AIM’s first office in Asia.
Besides London, it has offices in Melbourne and Washington.
Established in 2014, AIM is a global impact fixed income manager and manages three strategies, which are the US Liquid Impact Bond, the Single Currency Impact Bond and the Multi-Currency Impact Bond strategies.
Japan s Legislation to Upgrade Global Financial Center Status natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
The office will also serve as a contact point for inquiries on procedures regarding financial laws and regulations in connection with the establishment of a business base in Japan by foreign operators, according to the FSA.
Together with the new one-stop office, Japan will try to attract more foreign businesses by offering income and inheritance tax breaks for highly skilled foreign professionals in a tax reform blueprint for fiscal 2021.
Higher taxes and language barriers are often cited as the reason Japan, the world’s third-largest economy, is generally deemed less attractive than other Asian rivals as an international financial hub.