In January of 2019 the government began promoting Three Major Programs for Investing in Taiwan: the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan, the Action Plan for Accelerated Investment by Domestic Corporations, and the Action Plan for Accelerated Investment by SMEs. The original programs (2019-2021) attracted 1,144 companies to invest over NT$1.6 trillion (US$57.1 billion) in Taiwan, creating more than 128,000 job opportunities. These programs successfully brought overseas Taiwanese businesses and overseas investment capital back to Taiwan and spurred the upgrading and transformation of domestic small and medium-sized enterprises (SMEs), thus driving overall domestic economic development.
To maintain private sector investment momentum and encourage companies to use smart technologies to upgrade and transform operations, the Three Major Programs for Investing in Taiwan have been extended through the end of 2024, adding NT$430 billion (US$15.5 billion) in new loans and adjusting the interest rate subsidy period from five years to three. Participating companies will also be required to propose carbon emission reduction plans by using green energy or installing renewable energy equipment. Over the next three years, the extended programs should drive NT$900 billion (US$32.5 billion) in investments and create around 40,000 domestic job opportunities.
Adjustments to the three initiatives
Companies impacted by the U.S.-China trade war have been deleted from the list of program targets, and companies that cooperate with the government's policy goal to achieve net-zero emissions by 2050 by gradually reducing carbon emissions have been added. Other eligibility requirements remain the same as in the original programs. (Please see: Three Major Programs for Investing in Taiwan)