Action plan to attract overseas Taiwanese businesses back home

  • Date: 2018-12-17

Capitalizing on the shifts and uncertainties driven by the trade conflict between the U.S. and China, the Executive Yuan will launch a new three-year action plan (2019 to 2021) to encourage and assist Taiwanese enterprises based overseas to return and invest at home. Guided by the needs of businesses, the government will offer customized, single-window service and implement integrated policy measures focused on such resources and services as land, water, electricity, labor, taxation and financing to actively help overseas Taiwanese companies rechannel investment to Taiwan and spur the development of domestic industry. As a comprehensive supply chain encompassing downstream, midstream and upstream industries takes shape, local businesses will be better able to pursue future development and drive economic growth.

Five measures to draw outstanding overseas businesses back to Taiwan

 Meeting requirements for land:
Measures include offering preferential leasing terms, increasing the efficiency of land use via an urban industrial park vertical expansion program, counseling legitimate businesses on the expansion of production facilities, and opening more areas to industrial use.

 Ensuring a ready supply of workers: In order to encourage job seekers and meet businesses’ demand for labor, the government will employ various subsidies and awards to create employment incentives, help businesses hire employees, and aid workers seeking employment in new disciplines. Assistance will also be offered under the existing system to allow companies to internally reassign or hire necessary specialized workers from China.

 Speeding the acquisition of capital: Banks will make available NT$20 billion (US$648 million) in loans to fund qualifying projects, such as construction of factories and related facilities, machinery and equipment purchases, and for use as medium-term working capital.

 Providing stable water and power supplies: Single-window service and dedicated personnel will be provided to help expedite water usage plan applications and track progress on connecting to the power grid.

 Furnishing dedicated tax services: Service counters will be set up in every regional national tax bureau to provide consultations on tax laws and regulations and answer questions concerning taxation.