What are the preferential treatment and incentives for locations of investment in Taiwan?
In Taiwan, there are five locations which have preferential treatment and incentives:
(1) Science Park
The science park is developed for the purpose of establishing the base for high-tech industrial development, pioneering Taiwan’s efforts in R&D and producing high-quality products, work, life and leisure, in order to upgrade the industrial development in Taiwan. Preferential treatment and incentives.
(2)Export Processing Zone
The export processing zone is intended to play an important role in the national economic development through a highly efficient system with emphasis on standardization and simplification that made a remarkable contribution to the accumulation of the national foreign currency reserve and introduction of technologies. The policies of maintaining Taiwan’s economic strength and completing industrialization, which are Taiwan’s objectives, will be the priority areas that will be considered by the export processing zone in its pursuit for future development. Preferential treatment and incentives.
(3)Industrial Park
The development of the manufacturing industry is the main force driving Taiwan’s economic development. Following rapid industrial development, various factories have been established successively throughout Taiwan. In earlier times, the land and resources were not utilized effectively as factories were misplaced and built along the main thorough fares. Therefore, the R.O.C. Government had assigned the Industrial Development Administration of the Ministry of Economic Affairs to establish a taskforce dedicated to the development of industrial parks commencing in 1970, by making available to the industrial pioneers the land for factory premises use through industrial park development arrangements. Consequently, the industrial development and entire land utilization planning and control were carried out effectively. Preferential treatment and incentives.
(4)Business and Commercial Complex
Following rapid economic development, the GNP increased and nationals’ purchasing behavior have changed. As the business model also became oriented towards large-scale business, business chain, professional and diversified development, the Ministry of Economic Affairs devoted to promoting the relevant activities, as well as diversify programs to help business dealers and to enable the industrial development to succeed. Preferential treatment and incentives.
(5)Environmental Science and Technology Park
The environmental science and technology park is primarily intended to prevent, correct or resolve current and immediate environmental threats, to provide sufficient energy and resources for continuous human survival, and finally, to establish better relationship between human beings and the environment in order to achieve sustainable use of resources. Preferential treatment and incentives.
