How is the investment by foreign nationals and overseas Chinese verified? (TWBUSINESS Site)
According to the “Rules for Verification and Approval of Investment by overseas Chinese and Foreign Nationals”, The Ministry of Economic Affairs shall verify and approve the various investments in the following manner:
(1) If the investment is made by foreign exchange to NTD, the investment shall be verified and approved at the net amount, less service charges and other relevant expenses.
(2) If the working capital is contributed by foreign exchange to NTD, the investment shall be verified and approved at the net amount, less service charges and other relevant expenses.
(3) If the foreign currency applied for outward remittance is approved to be retained for the inward remittance, the investment shall be verified and approved at the amount of remittance translated to NTD at the buying rate applied by the remittee bank when issuing the certificate.
(4) If the investment is made by subscription for local shareholders’shares in foreign currency or replacement of the shares held for the original investment in NTD, the investment shall be verified and approved at the net settled amount in NTD, less service charges and other relevant expenses.
(5) If the investment is made through contribution of patent, trademark, copyright, know-how or other intellectual proprietary rights as the capital stock, the investment shall be verified and approved at the amount when the application for investment is approved.
(6) If the investment is made by import of machine and equipment for own use, and raw materials, the investment shall be verified and approved at CIF translated to NTD at the exchange rate of the date of import.
(7) If the investment is made by purchase of machine and equipment, and raw materials locally, the investment shall be verified and approved based on the actual amount in the invoice.
