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Incentives for doing business in Taiwan: Taipei City
By George Liu
Taiwan News, Staff Reporter
2014-08-12 01:53 PM

This article is part of an ongoing series detailing incentives offered by cities, counties, and the central government to companies operating in Taiwan. The goal of these pieces is to raise awareness among foreign enterprise as to the advantages of doing business in Taiwan and attract foreign participation in Taiwan’s economy. Hopefully, the information presented herein will incite interest in various locales on this beautiful island and prompt interested parties to seek further information.

Taipei City offers 2014 investment incentives in the form of a Municipal Self-Government Ordinance for Industrial Development. Eligible applicants include (1) small and medium enterprises establishing or increasing capital through (a) investment of equipment or technology that is innovative or directly related to improvement or operations or services valued at NT$1 million or more or (b) investment projects that are reviewed and determined to possess creativity, unique characteristics, or potential for development or (2) investment involving paid-in capital of NT$80 million or more in establishing or increasing the capital of a company engaged in leisure and tourism, biotechnology, information services, telecommunications, cultural/creative, medicine and healthcare, sports and recreation, meetings and exhibitions, renewable energy, or other industries promoted and guided by the city government.

Employee subsidies include up to 50% of manpower training expenses, to a maximum of NT$800,000 or NT$1 million for new middle-aged and elderly hires and worker salaries of up to NT$10,000 per person per month for a maximum of one year, up to a total of NT$5 million. Real estate subsidies include zero house/land-value tax for first two years and 50% for next three years, up to NT$50 million for the five-year period and up to 50% of the cost of renting private buildings or land for a maximum of five years, up to a total maximum of NT$5 million. Interest on loans is limited to 2.5 percentage points for a maximum of two years, up to a total of NT$50 million. Rental exemption on city-owned real estate includes a full exemption for period of construction and 50% for two to five years from date of receipt of usage license. R&D subsidies include up to 50% of total project cost, to a maximum of NT$3 million and up to NT$3 million is provided for innovation incubator projects that are carried out by the investor with other public or private institutions. For startups that engage in innovation or creation, or that have value-adding potential, subsidies will be provided to cover up to 50% of the total project cost to a maximum of NT$1 million.

For more information, please contact the Department of Investment Services, Ministry of Economic Affairs at (02) 2391-4950.

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