(6) Advantages of Doing Business in Nagoya
While Nagoya offers all the benefits and convenience of big-city , business cost of Nagoya is far less than that of Tokyo or Osaka. Why not take full advantage and expand business to Japan initially from Nagoya with minimum investment required and yet with the promise of golden opportunity.Nagoya per capita income is $32,400 (3.9 million yen) statistically second highest after Tokyo. And yet, taking all the other factors into consideration like lower cost of living and high rate of house ownership in this region, it wouldn't be too much to say that Nagoya enjoys the highest disposable income in Japan.
People who have started their business in Nagoya and succeeded, have done so largely thanks to competitive business costs that Nagoya offers. For example, the average office rents in Osaka and Tokyo are 1.2 times and 1.4 times higher than Nagoya respectively. Similarly the average housing rents in Osaka and Tokyo Are 1.7 times and 2.5 times higher than in Nagoya. Same applies to quality of life indices such as consumer price, rating Nagoya the most competitive city out of the three largest cities.
In addition, the sheer size of the market, with a population of 10 million in Greater Nagoya alone and over 20 million in its hinterland, high disposable income, a conglomeration of diverse companies as your potential business partners and their rich resources and technical prowess these are clear enough reasons to choose Nagoya as your business address in Nagoya.