Taiwan is located at the heart of the Asia-Pacific region, which puts it in an advantageous position to make use of global production resources and marketplace. Taiwan's north is the world's second largest economy - Japan, its south are the 10 countries of the Association of Southeast Asian Nations and India. Taiwan's east is the world's largest economy - the US, and its west is mainland China - the world's fourth largest economy and the center of the world's economic growth. Taiwan is the hub of Asian transportation and the logistic center in the East-Asian region.
Taiwan's total land area is about 36,000 square kilometers (14,400 square miles). Taipei is the capital city of Taiwan. The total population of Taiwan is around 23 million and the official language is Mandarin.
As a member of the international organizations such as WTO and APEC, Taiwan is highly free in economic activities. It follows the international practices and has a healthy system to protect property rights. Taiwan is up two places in the "2011 Index of Economic Freedom," compiled by the Heritage Foundation (a United States think tank) and the Wall Street Journal, moving up the list to 25th place among the 183 economies covered in the survey, compared with 27th place last year. Mainly because Taiwan respects the market's mechanism, protects private property rights, and follows international practices. Taiwan has been active in participating in international organizations and activities and has close interaction with the world.
Taiwan's banking system is abundant of liquid capital and the country has huge foreign exchange reserves, a current account surplus, and low foreign debt and average debt, which make the fundamental value of Taiwan's economy stands out and the country resistible to the financial crisis.
Advantages of Doing Business in Taiwan
- Located at the heart of the Asia-Pacific region
- OEM & ODM center of the world for high-tech products
- Adjacent to the center of the world economic growth
- Integrated into the Greater China economic circle
- 43.7% of the workforce with college, university or higher education background
- Complete international transportation facilities and logistic capability
- Quality and inexpensive utilities and telecommunication services
- The protections for foreign investment are clearly stipulated in the regulations
- Mature and active securities and stock exchange market
- More stable exchange rate, fair capital fund costs and interest rates (as compared with other Asian countries)
Taiwan's Investment Environment
To boost the investments in Taiwan, Taiwan governments provided various tax policies, such as the lowered corporate income tax rate from 1999 and R&D credit for upgrading industries. Besides, considering Taiwan businesses have invested in China for a long time, once Taiwan enacts its Cross Strait cooperation policies, Taiwan would be the critical bridge to connect China and international markets and be the best partner for multinational enterprises to access China and global market.
With comprehensive supply chain and industrial cluster effect, Taiwan industries are well developed. Through total 25 cities and counties, Taiwan possesses diversified investment opportunities and business activities to attract investors worldwide.
In Taiwan, there are several recommended industries for foreign investment, such as Medical Devices Industry, Lithium Battery Industry, Automotive Electronics Industry, Electric Vehicle Industry, Cloud Computing Industry and so on.
Invest in Taiwan - investtaiwan.org
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