Designated Special Zones and Specified Priority Development Area for Urban Renaissance
National Strategic Special Zone
National Strategic Special Zones are for strengthening the international competitiveness of industry by predominantly implementing socioeconomic structural reforms. And from the perspective of promoting the formulation of a hub for international economic activities, these zones are also designated areas by the Government of Japan for the unification of localities with businesses and implementing policies such as comprehensive and intensive regulatory reform where the government takes on a leading role.
Kawasaki City was designated as part of the Tokyo metropolitan area which encompasses Chiba Prefecture’s Chiba City and Narita City as well as Tokyo and Kanagawa Prefecture.
Prime Minister’s Office of Japan
for details about items such as cabinet decisions, regulations related to National Strategic Special Zones, as well as the status of various national considerations.
Keihin Coastal Areas Comprehensive Special Zones for
International Competitiveness Development
Designated by the Government of Japan as “a zone with a high possibility of developing a pioneering approach for formulating a hub that accumulates industries and functions that become an engine for economic growth in Japan”. In special zones, preferential measures and support measures such as regulatory exceptions, corporate tax reductions, etc. are available.
Due to the “Keihin Coastal Area Life Innovation International Strategic Comprehensive Zone” designation from the Government of Japan in December, 2011, Kanagawa Prefecture, Yokohama City, and Kawasaki City maximally utilize regional resources gathered in the Keihin Coastal Area, including industry base, while invigorating the industry for medical products and devices with global business leadership. These three parties also promote efforts towards the realization of economic growth and life innovation, releasing a ripple effect on related industries, small-medium businesses, and improvements in international competitiveness.
■Advantages of a Comprehensive Special Zone
– special regulatory provisions
– taxation-related support measures
– monetary support measures
– financial support measures
Specified Priority Development Area for Urban Renaissance
Designated in accordance with National Cabinet orders that are based on the Special Measures concerning Urban Regeneration Act as urban renewal hubs that warrant urgent development of predominantly town areas through city development projects, etc. all in order to improve urban-level international competitiveness. Some of these areas are considered to be especially effective for strengthening the international competitiveness of cities, and are designated as Specified Priority Development Area for Urban Renaissance.
In “Priority Development Area for Urban Renaissance”, it is possible to receive aid from the Government of Japan such as regulatory exceptions, monetary support, taxation support, financial support, etc.; however, in “Specified Priority Development Area for Urban Renaissance” you can gain even greater support.
The area including KING SKYFRONT is designated as Specified Priority Development Area for Urban Renaissance.