Total Investments the Three Major Programs for Investing in Taiwan Nearly NT$1.2 Trillion

The “Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan” implemented on January 1, 2019 is a policy that helps Taiwanese businesses in China impacted by the US-China trade war to quickly obtain a loan, accelerating the relocation of their production lines back to Taiwan. The review process only takes 2 weeks to obtain a qualifications letter, and the grace period may reach 3 years. Companies are still required to repay the loan upon maturity. Taiwanese businesses that have invested in China for two years or more, were impacted by the US-China trade war, and have smart elements or functions when investing/expanding in Taiwan are eligible to apply for the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan. The MOEA respects the financial management of companies, and does not impose any restrictions on the source of funds. Companies may choose to repatriate offshore funds, use their own funds, or use financing, as long as they are in compliance with laws and regulations.

Taiwanese businesses returning to invest in Taiwan has been one of the main drivers of Taiwan’s economic growth in recent years, and has propelled our economic growth rate back to the top of the Four Asian Tigers. After the US-China trade war, high-end servers and network communications industrial chains were the first to return to Taiwan. They were followed by smart transportation, LCD panel, smart manufacturing, and optical equipment manufacturers expanding their factories in Taiwan. SMEs and traditional industries are currently making the third wave of investments, and will become the main investors in Taiwan in 2020-2021. This means that the investment trend has shifted from major corporations to SMEs and traditional industries in their supply chains over the past 2 years. As of February 4, 2021, 814 companies have passed the qualifications review for the three major programs for investing in Taiwan, and cumulative investment amount is nearing NT$1.2 trillion. The applications of 37 companies are currently pending review. This shows that Taiwan’s success in preventing the COVID-19 outbreak has made it a sanctuary for domestic and foreign companies as companies continue to increase their investments.

Spokesperson of InvesTaiwan: Acting COO Chen Ming-Chu
Telephone: 02-2311-2031 Ext. 802
Mobile Phone: 0938-637-901
Email: nicole@invest.org.tw

Source: Department of Investment Services, MOEA