Business innovation plan
Did you know?
Creating a Business Innovation Plan Adds 10 Points to Foreign Employees’
Visa Applications!
When hiring or retaining highly skilled foreign professionals in Japan, companies can benefit from the “Points-Based Preferential Immigration System”.
This system awards points based on factors such as academic background, professional experience, and annual income — and company initiatives are also part of the evaluation.
One of those initiatives is obtaining official approval for a Business Innovation Plan (Keiei Kakushin Keikaku).
Companies with an approved plan receive an additional 10 points for their foreignemployees’ visa evaluation.
This system awards points based on factors such as academic background, professional experience, and annual income — and company initiatives are also part of the evaluation.
One of those initiatives is obtaining official approval for a Business Innovation Plan (Keiei Kakushin Keikaku).
Companies with an approved plan receive an additional 10 points for their foreignemployees’ visa evaluation.
What Is a Business Innovation Plan?
A Business Innovation Plan is a medium-term business growth plan approved by the governor of each prefecture under the Act on Strengthening Small and Medium Enterprises.
It describes the company’s concrete initiatives for improvement — such as developing new products or services, streamlining operations, or expanding into new markets.
Onceapproved, the company gains access to several government support measures, including:
A Business Innovation Plan is a medium-term business growth plan approved by the governor of each prefecture under the Act on Strengthening Small and Medium Enterprises.
It describes the company’s concrete initiatives for improvement — such as developing new products or services, streamlining operations, or expanding into new markets.
Onceapproved, the company gains access to several government support measures, including:
- Preferential selection for subsidy programs
- Low-interest financing from Japan Finance Corporation
- Expanded credit guarantees
- Priority for patent or trademark procedures
- Tax incentives for capital investment
Benefits for Companies Employing Foreign Staff
If your company’s Business Innovation Plan is approved, your foreign employees can receive an extra 10 points toward their visa applications.
This can make a significant difference when applying for or renewing a Highly Skilled Professional Visa.
For example:
If your company’s Business Innovation Plan is approved, your foreign employees can receive an extra 10 points toward their visa applications.
This can make a significant difference when applying for or renewing a Highly Skilled Professional Visa.
For example:
- A recent graduate seeking employment in Japan can benefit from your company’s approved status.
- Existing employees may find visa renewals easier with the added points.
- It also enhances your company’s reputation as a forward-thinking and globally orientedworkplace.
Concerned That It Sounds Complicated? A Certified SME Management Consultant Can Help
Preparing a Business Innovation Plan involves clarifying your business model, financial projections, and innovative initiatives.
For many small and medium-sized enterprises, it can feel overwhelming at first.
That’s where a Certified SME Management Consultant (中小企業診断士) comes in.
These experts are licensed professionals who specialize in preparing andsubmitting these plans for government approval.
They know exactly what the authorities are looking for and can help you highlight the “innovation” elements that make your plan stand out.
Preparing a Business Innovation Plan involves clarifying your business model, financial projections, and innovative initiatives.
For many small and medium-sized enterprises, it can feel overwhelming at first.
That’s where a Certified SME Management Consultant (中小企業診断士) comes in.
These experts are licensed professionals who specialize in preparing andsubmitting these plans for government approval.
They know exactly what the authorities are looking for and can help you highlight the “innovation” elements that make your plan stand out.
Free Initial Consultation Available
If you are interested in preparing a Business Innovation Plan — or if you’re looking to strengthen your foreign hiring strategy — feel free to reach out for a free initial consultation.
A certified SME consultant will guide you from planning to approval.
If you are interested in preparing a Business Innovation Plan — or if you’re looking to strengthen your foreign hiring strategy — feel free to reach out for a free initial consultation.
A certified SME consultant will guide you from planning to approval.
Written by: Mitsuko Nakagome, SME Management Consultant
Nmedium Consulting
Specialist in Business Innovation Plans, Subsidy Applications, Foreign Entrepreneur Support, and Business Plan Development
Nmedium Consulting
Specialist in Business Innovation Plans, Subsidy Applications, Foreign Entrepreneur Support, and Business Plan Development
Contact Us for a Free Consultation or More Details