SHIN Account Type

SHIN offers three types of brokerage accounts to cater to different trading needs:

1. General Securities Account: This account allows investors to buy and sell securities based on their investment strategies and preferences. It is suitable for those who seek flexibility in their investment choices without specific tax benefits.

2. Specific Account (Tokutei Kouza): This account is designed for customers who want to simplify tax reporting related to their investments. It automatically calculates and reports capital gains, losses, and other tax-related information to the authorities, making it beneficial for individuals with higher trading activity.

3. NISA Account: The NISA (Nippon Individual Savings Account) offers tax advantages for long-term investments in Japan. Investors can take advantage of tax exemptions for capital gains and dividends on eligible investments, with a maximum contribution limit set by the government. This account has a specific investment period and allows trading in stocks and investment trusts that meet NISA criteria.

SHIN Broker Account Opening Process

To open an account with SHIN, follow these steps:

1. Choose the Account Type: Decide which type of account suits your investment goals—General Securities, Specific, or NISA.

2. Complete the Application: You can initiate the account opening procedure either by visiting the nearest SHIN store or requesting a home visit by a SHIN employee. Fill out the account opening application form, which requires your signature and seal.

3. Provide Required Documents:

• For identity verification, you need to present documents like your Individual Number card, driver's license, or health insurance card.
• If opening a NISA account, additional documents related to the account type may be required.

4. Connect a Bank Account: If applicable, open a securities settlement account at a designated bank and inform SHIN of the account number to connect it to your trading account.

5. Wait for Approval: The completion of the procedure usually takes around 3 days for the trading account to be opened.