{"id":807,"date":"2026-02-06T21:16:36","date_gmt":"2026-02-06T20:16:36","guid":{"rendered":"https:\/\/balmontconseil.com\/?page_id=807"},"modified":"2026-08-26T18:45:20","modified_gmt":"2026-08-26T16:45:20","slug":"japon","status":"publish","type":"page","link":"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/japon\/","title":{"rendered":"Wealth management in Japan"},"content":{"rendered":"<p class=\"wp-block-paragraph\">\u00abAlexis, I\u2019m moving to Tokyo for the next five years. I\u2019ve been told that Japanese taxation is among the heaviest in the world, especially regarding inheritance. How can I take advantage of the current momentum in the Japanese stock market without jeopardizing my overall wealth?\u00bb<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Japan is no longer just the &quot;sleeping power&quot; it was described as a decade ago. With the <strong>corporate governance reform<\/strong> initiated by the Tokyo Stock Exchange and the return of moderate inflation, the\u2019<strong>Japanese economy<\/strong> offer <strong>new wealth management opportunities<\/strong> major. Yet, for an expatriate, Japan is a regulatory labyrinth where the notion of &quot;tax residence&quot; can transform a simple management into a real administrative challenge.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the house of <strong>Balmont Conseil<\/strong>, We have developed specific expertise for French people in Japan. As\u2019<strong>Augmented Wealth Engineer<\/strong>, I combine my industry expertise with cutting-edge AI for wealth management to model the impact of Franco-Japanese tax treaties and optimize your <strong>Financial planning for expatriates in Japan<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1. The specifics of tax resident status in Japan<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This is the starting point of everything <strong>diversification strategy<\/strong> Your status with the National Tax Agency (NTA). Japan distinguishes between two categories of foreign residents:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Non-Permanent Resident (NPR)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you have been living in Japan for less than 5 years (over a 10-year period) and do not intend to stay permanently, you are an NPR.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Advantage :<\/strong> You are only taxed on your Japanese-source income and on foreign income <strong>handed over to Japan<\/strong> (international money transfers).<\/li>\n\n\n\n<li><strong>Risk :<\/strong> Any transfer from your French accounts to Japan may trigger taxation on your dividends or rents received in France.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Permanent Tax Resident<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">After 5 years of residence, you are taxed on your <strong>global income<\/strong>. Your securities accounts in France, your rents in Lyon or your interest in Luxembourg fall under Japanese taxation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2. Taxation and Inheritance: A Clash of Cultures<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Japan is renowned for having one of the <strong>inheritance taxes<\/strong> the most severe in the world, with a marginal rate reaching <strong>55 %<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The 10-year rule<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">For inheritances and gifts, Japan applies a &quot;worldwide&quot; rule. If the deceased or the heir resided in Japan for more than 10 years out of the last 15 years, the Japanese tax authorities can tax all worldwide assets, even those located in France.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Franco-Japanese Convention<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Fortunately, France and Japan have signed conventions to avoid double taxation. However, the\u2019<strong><a href=\"https:\/\/balmontconseil.com\/en\/gestion-de-patrimoine\/\">tax optimization<\/a><\/strong> requires careful structuring: the use of certain French trusts or corporate structures may be misinterpreted by Japanese law (Civil Code vs Common Law).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. Optimizing your assets in Japan: Essential tools<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">L&#039;\u2019<strong>savings and investment<\/strong> In Japan, they have recently been revolutionized to encourage\u2019<strong>financial inclusion<\/strong> households.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>NISA (Nippon Individual Savings Account)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It&#039;s the Japanese cousin of the French PEA. Since 2024, the &quot;New NISA&quot; allows investments of up to 18 million yen (total ceiling) with a total exemption from capital gains and dividend tax, and this is permanent.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Interest :<\/strong> It&#039;s the perfect tool for capturing the <strong>Japanese market performance<\/strong> and the <strong>stock market value Japan<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Japanese real estate: A unique asset class<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Unlike in France, buildings depreciate rapidly in Japan.\u2019<strong>real estate investment in Japan<\/strong> often rests on the value of the land.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>New opportunities:<\/strong> The luxury residence market in Tokyo and investments in the hotel industry are benefiting from a historically low yen, attracting <strong>foreign investment flows<\/strong> massifs.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>4. Managing exchange rate risk and cash flows<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">For an expatriate, the <strong>exchange rate risk<\/strong> (EUR\/JPY) is the primary factor in asset volatility.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Foreign exchange transactions:<\/strong> We advise on strategies for <strong>hedging<\/strong> to protect your capital against a sudden rise in the yen if you plan to return to Europe.<\/li>\n\n\n\n<li><strong>International money transfers:<\/strong> It is crucial to document the origin of your funds to avoid... <strong>cash reserves<\/strong> accumulated before your arrival may not be reclassified as taxable income upon transfer to a <strong>Japanese bank for expatriates<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>5. Why choose Balmont Conseil for your assets in Japan?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Navigating between the Nikkei 225, Japanese government bonds, and your European assets requires a <strong>financial planning<\/strong> high precision.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Our &quot;Augmented&quot; Expertise\u00ab<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Thanks to our specialized AI, we achieve <strong>market analyses<\/strong> crossed. We simulate the impact of Japanese inflation and the <strong>interest rates<\/strong> on your <strong>capital allocation<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/balmontconseil.com\/en\/ingenierie-patrimoniale\/audit-patrimonial-global\/\">Asset audit<\/a> :<\/strong> We thoroughly examine your French and Japanese assets to verify their compliance with the <strong>corporate governance<\/strong> and the tax laws of both countries.<\/li>\n\n\n\n<li><strong>Financial services Japan:<\/strong> We assist you in choosing the <strong>products <a href=\"https:\/\/balmontconseil.com\/en\/gestion-de-patrimoine\/\">asset management<\/a> modern<\/strong> (ETFs, actively managed funds) while ensuring a <strong>financial education<\/strong> adapted to the local context.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Case Study: Anticipating the Return from Expatriation<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A French executive who has been in Tokyo for eight years wishes to return to France. Without preparation, the liquidation of his Japanese assets could generate a tax burden of 20% to 30%. Balmont Conseil organizes the exit through... <strong>diversification strategies<\/strong> European while using conventional allowances.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>FAQ: Your questions about wealth management in Japan<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Is it easy to open a securities account in Japan as a foreigner?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Some institutions, such as Rakuten Securities or SBI, are accessible but require language proficiency. International brokers offer suitable offshore solutions, although their tax practices must be carefully audited to ensure local compliance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What is the impact of the Yen&#039;s devaluation on my assets?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you save in yen but plan to spend in euros eventually, you will experience a loss of purchasing power. We are implementing... <strong>hedging strategies<\/strong> and one <strong>geographical diversification<\/strong> to balance your reference currencies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Is the NISA accessible to non-permanent residents?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yes, as soon as you have a tax address in Japan, you can open a NISA. It&#039;s a great way to start a <strong>savings and investment<\/strong> high-performing local area.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>How is real estate owned in France by a resident of Japan taxed?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Rental income is taxable in France, but you must declare it in Japan (if you are a permanent tax resident). A tax credit is usually granted to avoid double taxation, but the rates may differ.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What are the specific features of wealth management in Japan for foreigners, expatriates or investors?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">There <strong>wealth management in Japan<\/strong> is marked by a paradox: the country is finally emerging from its status as <strong>sleepy market<\/strong> to become a land of yield, but its entry rules remain rigid.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Resident status:<\/strong> The distinction between Non-Permanent Resident (NPR) and Permanent Resident is the cornerstone of your strategy. For the first five years, you benefit from taxation limited to income earned or repatriated to Japan.<\/li>\n\n\n\n<li><strong>Investment trends:<\/strong> By 2026, we are observing a shift from &quot;cash&quot; savings to...\u00ab<strong>financial investment in Japan<\/strong>, stimulated by moderate inflation and a desire by the State to boost the Tokyo stock market.<\/li>\n\n\n\n<li><strong>The technological barrier:<\/strong> Although the <strong>financial technologies in Japan<\/strong> While progress is being made, many procedures remain manual and require local support to navigate between the <strong>payment applications in Japan<\/strong> (PayPay, Line Pay) and traditional banking systems.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What are the tax, legal and inheritance aspects to be aware of?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Japan has one of the most complex frameworks in the world, where anticipation is the only real protection.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Global taxation:<\/strong> After five years of residence, the Japanese tax authorities tax your worldwide income. Without <strong>international tax advice<\/strong> If you are highly skilled, you risk double taxation on your French dividends or rents.<\/li>\n\n\n\n<li><strong>The succession challenge:<\/strong> This is the major point of concern. The tax rate can reach <strong>55 %<\/strong>. Furthermore, the &quot;10-year rule&quot; implies that even after leaving the country, you or your heirs could remain liable to Japan on your worldwide assets.<\/li>\n\n\n\n<li><strong>The Japanese real estate market:<\/strong> Unlike in Europe, real estate there is often an asset for enjoyment rather than capital appreciation, as buildings lose value over time. The strategy should therefore focus on land value and location (Tokyo\/Osaka).<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What services are offered by wealth management firms in Japan?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">THE <strong>financial advisors in Japan<\/strong>, Companies like Balmont Conseil offer a bridge between Western standards and local specificities:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/balmontconseil.com\/en\/ingenierie-patrimoniale\/\">Asset Engineering<\/a> :<\/strong> Structuring your assets between France and the Archipelago to optimize tax treaties.<\/li>\n\n\n\n<li><strong>Insurance and Pensions:<\/strong> Implementation of a <strong>expatriate health insurance<\/strong> comprehensive and tailored insurance solutions adapted to Japanese hospital costs.<\/li>\n\n\n\n<li><strong>Market Analysis:<\/strong> Use of <strong>Japanese technical analyses<\/strong> (such as candlesticks or Ichimoku) combined with fundamental analysis to manage your local securities portfolios.<\/li>\n\n\n\n<li><strong>Wealth Management:<\/strong> Access to private funds and solutions <strong>retirement planning<\/strong> cross-border.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How to optimize your assets (investments, taxation, inheritance) when you reside in Japan?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Optimization relies on the intelligent use of local and international resources.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Using NISA and iDeCo:<\/strong> We help you maximize the <strong>investment ceilings<\/strong> of these tax-free accounts, essential for your <strong>retirement planning<\/strong>.<\/li>\n\n\n\n<li><strong>Financial education in Japan:<\/strong> We assist expatriates in understanding local products to avoid the &quot;hidden fees&quot; of traditional banks.<\/li>\n\n\n\n<li><strong>Transmission planning:<\/strong> To avoid excessive taxation, we favor the division of ownership rights or the\u2019<a href=\"https:\/\/balmontconseil.com\/en\/nos-solutions\/assurance-vie-luxembourgeoise\/\">Luxembourg assurance-vie<\/a>, while respecting the <strong>international tax advice<\/strong> to guarantee the validity of the arrangement in the eyes of the NTA (Japanese tax authorities).<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Are there any notable differences between wealth management in Japan and in other countries?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yes, Japan has unique characteristics that directly influence your <strong>financial investment in Japan<\/strong> :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Corporate governance reform:<\/strong> For the past few years, Japanese companies have been pampering their shareholders (share buybacks, increased dividends), making the local stock market much more attractive than in the past.<\/li>\n\n\n\n<li><strong>Discipline vs. Flexibility:<\/strong> The legal structures are highly codified. Whereas Singapore or Dubai offer great flexibility, Japan demands strict compliance.<\/li>\n\n\n\n<li><strong>Exchange Rate Risk:<\/strong> Managing wealth in Japan means managing the Yen. The volatility of the Japanese currency necessitates hedging strategies that are less common in wealth management purely within the Eurozone.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion: Making the archipelago a lever for growth<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Japan is not just a land of expatriation, it is a laboratory of <strong>new wealth management opportunities<\/strong>. Between the <strong>dividend performance<\/strong> Japanese companies and the tax advantages of the NISA offer real opportunities for those who know how to manage them. <strong>exchange rate risk<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the house of <strong>Balmont Conseil<\/strong>, We are transforming Japanese complexity into a path of smooth growth. Don&#039;t let regulatory barriers hold you back; use them to your advantage.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Your ambition deserves borderless expertise.<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>\u00ab Alexis, je m\u2019installe \u00e0 Tokyo pour les cinq prochaines ann\u00e9es. On m\u2019a dit que la fiscalit\u00e9 japonaise \u00e9tait l\u2019une des plus lourdes au monde, surtout pour les successions. Comment puis-je profiter<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":241,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-807","page","type-page","status-publish","hentry"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/comments?post=807"}],"version-history":[{"count":8,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/807\/revisions"}],"predecessor-version":[{"id":1048,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/807\/revisions\/1048"}],"up":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/241"}],"wp:attachment":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/media?parent=807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}