TRICOR TO LEAD FINANCIAL START-UP SUPPORT PROGRAM FOR OVERSEAS COMPANIES ENTERING JAPAN

KUALA LUMPUR, June 9 (Bernama) -- Tricor Japan (Tricor), the Japanese subsidiary of Tricor Group has been selected by Japan Financial Services Agency (JFSA), a government agency and regulator that oversees the country’s financial services industry, to develop, operate and lead its newly launched Financial Start-up Support Program.

The Program is a one-stop for foreign asset management companies (hereinafter referred to as overseas financial companies) entering the Japanese market.

As a public-private partnership, the goal of the Financial Start-up Support Program is to elevate Japan’s global financial centre status, attracting more foreign direct investment from overseas financial companies by easing market entry processes including financial licence application support, compliance personnel recruitment, and providing relocation assistance.

As the exclusive private operator of the Financial Start-up Support Program, Tricor provides overseas financial companies with English-language incorporation and financial business licence registration solutions.

In a statement, Tricor Japan CEO, Scott Sato said: “Following bold new legislation and incentives, Japan is committed to attracting more foreign investors and asset managers.

“With over 20 years of experience operating here in Japan, the Tricor team of experts has supported the expansion endeavors of over 750 multinational clients. We look forward to entering our next chapter of growth, working alongside JFSA to help bolster Japan’s status as a premier hub for international finance.”

With the help of Tricor, which operates globally and has a broad network, JFSA said it would further promote efforts to make Japan an international financial centre, with the hope the Financial Start-up Support Program will provide a boost to foreign financial businesses that are considering to enter and expand in the Japanese market.

-- BERNAMA