NISA Tax-Free Investment: Who Qualifies and What You Get
Learn how the NISA scheme allows adult residents in Japan to earn tax-free capital gains on their investments.
The NISA Tax-Free Investment is a system designed to help you grow your wealth by exempting your investment profits from taxes.
Who it's for
This scheme is available to adult residents living in Japan.
What you get
When you invest through this system, any capital gains—the profit you make when selling an investment for more than you paid for it—are tax-free.
What it costs you
While the government does not charge a fee to use this tax benefit, you will still have to pay standard brokerage account fees to your financial provider.
The catch to know
If you were using the older version of this system, you should know that the updated system (starting in 2024) offers higher investment limits, but it requires you to set up a new account to take advantage of the changes.
How to apply
- Choose a financial institution or brokerage that offers NISA accounts.
- Follow the provider's process to open a new brokerage account.
- Complete the specific application steps required to enable the tax-free status.
- Visit the official portal for more details: https://www.fsa.go.jp/policy/nisa2/