After several rounds of negotiations, Austria and Japan signed their long-awaited first Social Security Agreement on January 19, 2024. This agreement provides significant benefits to Austrian companies doing business with Japan and their employees. The agreement is expected to come into effect by the end of 2024 or early 2025, although implementation guidelines are still under development.
In collaboration with the Japanese law firm City-Yuwa Partners, ADVANTAGE AUSTRIA Tokyo is organizing a webinar on November 7, 2024, at 17:00 PM Japan time to present the various aspects of the agreement and highlight the benefits for companies and organizations who send their employees (including long-term expatriate assignments) to from Austria to Japan, and vice versa. Attorney, Ms. Sayako Tsukamoto, will provide an overview of the agreement’s key points and answer practical questions related to everyday business operations.
Examples of the agreement's benefits:
- No additional health insurance required for short-term expatriate assignments for e.g. machinery installation, engineering works, training, plant construction, etc.
- No longer necessary to pay pension insurances in both countries
This new Social Security Agreement is expected to reduce the burden on Austrian companies and their employees working in Japan, and vice versa and therefore further promotes business activities between the two countries. The agreement is also beneficial for professionals working as artists, researchers, etc. The text of the agreement is available in the following languages (please click the language to access the full text): GERMAN - ENGLISH - JAPANESE.
What to expect in the webinar:
- Background and general introduction – comparison with other social security agreements
- Scope of agreement – what is covered? (pension, health, unemployment insurance?)
- Answers to operational questions – examples of use cases
- Q&A
Details:
When? Thursday, 7 November, 17:00pm Japan time (9:00 CET)
Language? English
Registration deadline: 6 November
Ms. Sayako Tsukamoto has been providing legal services at City-Yuwa Partners to foreign clients and their Japanese subsidiaries since 2013 in various areas of expertise, including contract and labor law. Her practice covers the full spectrum of commercial and corporate matters, joint venture and licensing agreements, the establishment and termination of distribution networks, as well as representing companies in various commercial disputes.
Questions?
ADVANTAGE AUSTRIA Tokyo
Attn.: Ms. Junko IHARA
T +81-3-3403-1777
E tokyo@advantageaustria.org
