Hi, My name is Yoshi. A bilingual Financial Planner in Tokyo. 

You have already noticed that everybody is talking about NISA in 2024. Yes, everybody is excited but there is not much information for foreigners, right? 

Here is the very basic idea, your ticket to onboard of NISA boat.

Welcome aboard!  – This ticket to tax-smart investing in Japan is for you, a foreigner living in Japan, get ready to dive into a world of financial opportunity that’s as simple as it is rewarding.

What’s the Buzz About NISA?

NISA, or Nippon Individual Savings Account, is a great tool to make your wealth in the long term, over 10, 20, and 30+ years. It lets you invest in mutual funds, stocks, and bonds without pesky taxes eating into your gains. Think of it as your secret weapon for long-term financial success.

Why Should You Care?

Well, besides keeping more of your money in your pocket, NISA encourages smart investing habits. It’s all about building wealth over time, so you can live your best life down the road – whether that means retiring early or splurging on that dream vacation.

Especially if you use Mutual Funds Tsumi-tate, it will build your wealth automatically after you have done the first settings. I believe it is the best way to become rich and worrisome-free.

All Aboard the NISA Train!  maybe not for US citizens.

If you’re a resident in Japan over 18, congratulations – you’re eligible! But hold your horses, American pals – NISA isn’t your best bet due to tax complexities. Everyone else, though? You’re good to go!

How Much Can You Invest?

NISA comes with two investing limits: one for mutual funds tsunami-tate or automatic monthly investment and one for a mix of investments like stocks and bonds. The tusmi-tate limit is 1.2 mil per year, and the other is 2.4 mil a year. In total, you can invest up to 18 million yen principal tax-free. That’s a pretty penny!

Choosing Your Investment Adventure

Start with mutual funds, available in a variety of flavors from your bank or brokerage. It’s like choosing toppings for your pizza – pick what you like, and watch your money grow.

Flex Your Investing Muscles

But wait, there’s more! The Growth Investment Category lets you spread your wings even further, with options like stocks, bonds, and ETFs. It’s like having a buffet of investment opportunities at your fingertips.

Bank or Brokerage: Where to Park Your Cash?

The first step to NISA is to open a NISA account. Deciding where to open your account is the key. Keep it simple – stick with your bank for convenience or go online for more options. Opening an account is as easy as ordering takeout – with better long-term benefits!

Start Small, Stay Smart

When it comes to investing, slow and steady wins the race. Start with mutual funds and stick with it. Diversify your investments, minimize risk, and watch your wealth grow over time.

Tax-Free Magic

With NISA, you get to keep every penny of your gains – tax-free! It’s like hitting the jackpot without the headache of tax forms.

Withdrawals Made Easy

Need to access your NISA funds? No problem! NISA is as flexible as a yoga instructor – stop, pause, adjust, it’s all up to you. Just remember, it’s all about the long game.

Play It Safe, Play It Smart

While the allure of exotic investments may be tempting, stick with what you know – mutual funds. They’re safer, more likely to succeed, and recommended for beginners and pros alike.

Ready, Set, NISA!

And there you have it – your crash course in NISA. Investing comes with risks, so take it slow, stay informed, and always keep learning. Your financial future is in your hands – make it count!

So, what are you waiting for? Let’s start building that wealth – one tax-free investment at a time!