Invest in TaiwanDepartment of Investment Services, MOEA
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Taiwan today epitomizes economic dynamism and healthy competition. The market environment on the island is characterized by a high entrepreneurial spirit, innovative foresight, marketing agility, and business flexibility. In other words, Taiwan has all the important elements of competitive advantage.
Despite the fact that Taiwan is small geographically, the island possesses a vast wealth of investment opportunities and an extensive business network that is capable of tapping into surrounding markets, including the Western Pacific nations, Southeast Asian countries, and the whole of China. As a partner in growth and development, Taiwan's strength lies in its sufficient financial, technological, and logistical means.
Taiwan realizes the need to adapt to today's increasingly globalized economy, which is rapidly changing the distribution of industries and creating new needs. With the constant development of new technologies and materials, Taiwan plans to stay ahead in the competitive landscape by encouraging innovation and nuturing its already-solid industrial base. The Taiwan government has designed a set of goals for the development its major industries, which include:
Taiwan seeks to promote investment on the island among both domestic and overseas investors by revising existing laws and regulations, so as to remove current investment obstacles, improve public infrastructure, namely water, electricity, and telecommunications, and further develop industrial zones and basic facilities for industrial development.
Taiwan strives to serve as an innovation headquarters for domestic businesses and a regional R&D center for multinational corporations. The government is focused on improving the island's technological infrastructure and human resources, establishing more research and testing facilities, and constructing a platform on which industry, government, and research institutions can coordinate their efforts. Projects already in progress include research in designated key industries such as biotechnology and nanotechnology, and the establishment of R&D centers in fields such as genome research, software design or wireless communications.
The government's Two Trillion, Twin Stars program aims to raise the value of production in the semiconductor and image display industries to NT$1 trillion (US$28.5 billion) each, and to transform its budding digital content and biotechnology sectors into star
industries by 2006. The government is also promoting emerging service sectors as R&D, logistics, healthcare, and environmental green
industries.
The government is offering financial incentives to businesses that invest in global brands and establish international distribution channels in order to secure Taiwan's place among high value-added producers in the global supply chain. A variety of tax breaks and incentives are offered for a variety of situations to encourage investment in selected industries.
As home to the world's leading IT manufacturers, Taiwan aims to become a full-fledged knowledge-based economy
that is both sustainable. We invite you to learn more about Taiwan and explore the investment opportunities offered as we strive to build a green silicon island.
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