NISA for Foreigners in Japan: Can You Use It?
Foreigners qualify for NISA by residency, not nationality: a residence card, a My Number, and age 18 or over are enough to invest up to ¥3.6 million a year free of the usual 20.315% tax on gains. The account is tied to your Japan residency, so a permanent departure forces you to close it. Tax-Free Investing in Japan – Your Ultimate Wealth Building Tool NISA for Foreigners in Japan: Can You Use It? Quick answer for foreigners Yes — foreigners can use NISA. Eligibility is by residency, not nationality. If you are a Japan tax resident with a residence card and My Number, aged 18+, you can open a NISA and invest tax-free, just like Japanese residents. The two largest online brokers are Rakuten Securities and SBI Securities (SBI takes applications from foreign nationals by mail only). The big catch: NISA is tied to your Japan residency —…