Taipei Economic and Cultural Center in India

TAITRA Incentives for Buyers Visiting Taiwan 2009

1. Purpose
In order to help Taiwanese companies tap into the vast overseas market, an ongoing program which aims to encourage buyers worldwide to do business with Taiwan has been initiated through TAITRA and MOEA overseas branch offices. This comprehensive reimbursement program is intended to compensate visiting buyers for their roundtrip ticket, accommodation and/or other expenses incurred during their visit to Taiwan.
2. Overseas Buyers Eligible for the Incentives
A. Group buyers: group eligibility
B. Major individual buyers
(1) With annual sales of USD 5 billion or more.
(2) With annual sales of USD 1 billion or more OR annual procurement of USD 100 million or more.
(3) With annual sales of USD 100 million or more OR annual procurement of USD 10 million or more.
(4) Machinery dealers/agents with annual sales of USD 5 million or more, and have a machinery showroom or specialized warehouse of preferably 150 m2 or larger.
C. Buyers from markets targeted for export for 2009.
D. Buyers from countries with FTA or diplomatic relations with Taiwan
3. Application Requirements and Incentives
A. Group Buyers
Requirements Incentives Conditions
1. Group of 5 companies or more
Group subsidy by region:
1) Asia: USD 1,000
2) Europe & North America: USD 1,500
3) Central & South America & Africa: USD 2,000 1)The group must participate in trade meeting(s) arranged by Market Development Department (MDD), TAITRA
2) regardless of each company’s sales volume or purchase amount.
2. Group of 15 companies or more Group subsidy by region:
1) Asia: USD 1,000
2) Europe & North America: USD 1,500
3) Central & South America & Africa: USD 2,000
PLUS subsidy of one roundtrip economy-class airfare for the group leader (between Taipei and the city of his/her primary residence) 1) The group must participate in trade meeting(s) arranged by MDD, TAITRA
2) regardless of each company’s sales volume or purchase amount.
3. Group of 10-15 companies
(Selected Emerging Market Program for 2009) 1) Each company can receive subsidy for one roundtrip economy class airfare (between Taipei and the city of his/her primary residence).
2) PLUS subsidy for one roundtrip economy class airfare for the group leader (between Taipei and the city of his/her primary residence) 1) The recipient of subsidy must participate in trade meeting(s) arranged by Market Development Department (MDD), TAITRA
2) It has to be among the top 300 companies (in terms of sales or import volume) in their nation’s respective industries.
3) There’s a group limitation for the following market/region:
Mainland China: 1;
Brazil: 2; Russia: 2;
Middle East (excluding Turkey): 4; India: 1;
Malaysia: 1; Indonesia: 1; and Vietnam: 1.
4) Recipients of this incentive can no longer apply for group subsidy.
5) This incentive does not apply to buyers attending major Taipei international trade shows.
B. Major Individual Buyers
Requirements Incentives Conditions
4. Machinery dealers/agents with annual sales of USD 5 million or more, and have a machinery showroom or specialized warehouse of preferably 150 m2 or larger Subsidy for one roundtrip economy class airfare (between Taipei and the city of his/her primary residence). Buyers must:
1. Provide details for the products sought
2. Participate in both trade meeting(s) with at least 3 Taiwanese companies and a procurement seminar arranged by MDD, TAITRA
5. Companies with annual sales of USD 100 million or more OR annual procurement of USD 10 million or more
Subsidy for one roundtrip economy class airfare (between Taipei and the city of his/her primary residence) AND 4 days/3 nights hotel accommodation for one person (maximum of NT$ 5,000 per day) Buyers must:
1. Provide details of products sought.
2. Participate in trade meeting(s) with 10 Taiwanese companies and the procurement seminar arranged by MDD, TAITRA
6. Companies with annual sales of USD 1 billion or more OR annual procurement of USD 100 million or more
Subsidy of one roundtrip business class airfare (between Taipei and the city of his/her primary residence) AND
4 days/3 nights hotel accommodation for one person (maximum of NT$ 5,000 per day) Buyers must:
1. Provide details of products sought.
2. Participate in trade meeting(s) with 10 Taiwanese companies and the procurement seminar arranged by MDD, TAITRA

7.Companies with annual sales of USD 5 billion or more
(Procurement Sample’s Show) 1. Subsidy of three roundtrip business class airfares (between Taipei and the city of his/her primary residence) AND 4 days/3 nights hotel accommodation for three persons (maximum of NT$ 5,000 per day)
2. Samples shipping cost (maximum of NT$100,000)
3. TAITRA meeting room rental. Buyers must:
1. Provide details of products sought.
2.Participate in procurement sample’s show（must present 20 samples or more）arranged by MDD, TAITRA

C. Buyers from markets targeted for export for 2009
Requirements Incentives Conditions
8. Top 200 companies (in terms of sales or import volume) in their nations’ respective industries Subsidy per company by region:
1) Asia: USD300
2) Europe & North America: USD500
3) Central & South America & Africa: USD 800 1. Maximum of 6 companies per country per year
2. Applicants must participate in trade meeting(s) arranged by MDD, TAITRA

D. Buyers from countries with FTA or diplomatic relations with Taiwan
Requirements Incentives Conditions
9. Top 200 companies (in terms of sales or import volume) in their nations’ respective industries who visit Taiwan for procurement or sales

1) Individual Buyers: Subsidy of USD1,200 per company
2) Group buyers:
(6 companies or more)
1. Diplomatic allies:
a. Subsidy of USD1,200 per company
b. One roundtrip economy class airfare for the group leader (between Taipei and the city of his/her primary residence).
c. Subsidies are provided to maximum of 6 companies per year
2. FTA partners:
a. Subsidy of USD1,200 per company
b. Subsidy of one roundtrip economy class airfare for the group leader (between Taipei and the city of his/her primary residence).
c. Subsidies are provided to maximum of 12 companies per year Applicants must participate in trade meeting(s) arranged by MDD, TAITRA

10. Major industry leaders of Taiwan’s diplomatic allies visiting Taiwan for procurement or selling Subsidies for maximum 7days/6 nights hotel accommodation for one person (standard room of Taipei’s 5 star hotels)and ground transportation expenses during the visit
1. Maximum of 2 VIPs per country per year
2. Must participate in meeting(s) with Taiwan’s industry leaders and in trade meeting(s) arranged by MDD, TAITRA.

Note: Other than Taiwan’s diplomatic allies, the above indicated incentives also apply to those applicants engaged in procurement in Taiwan. In order to effectively implement this program, a participating company is allowed to only ONE of the above incentives per year. Companies which have received incentives from other incentive programs of TAITRA are also ineligible.
4. Methods for Application and Expense Report
A. To apply for any of the incentives above, please submit the “Company profile and application for TAITRA incentives” two calendar weeks prior to the buyers’ departure date from their primary residence and submit the attached form as a formal document directly to the TAITRA headquarters. Only expenses incurred after receiving approval from the TAITRA headquarters are accepted for reimbursement.
B. All expense documentations (receipts) shall be reported at one time.
1. Opting for proof of purchase for reimbursement requires the presentation of the docket (such as receipt, invoice, bill, or statement), which indicates “TAITRA” as payee plus the unified business tax number 03702716 for purchase(s) made in Taiwan, and “Taiwan External Trade Development Council” as payee for purchase(s) made overseas.
2. To report group expenses, only receipts for ground transportation of buyers’ primary residence and receipts for ground transportation, lodging, and meals in Taiwan are accepted.
3. For small amount subsidies (less tax) for individual buyers, TAITRA will provide corresponding receipts. Recipients will need to sign the said receipts.
C. To report airfare expenses, applicants can only report direct flights between Taipei and their primary residences together with original ticket stubs and proof of purchase issued by their travel agents.
D. TAITRA reserves the right to cancel all incentives previously approved if buyers do not report to the headquarters staff handling the case OR if buyers fail to participate in trade meeting(s) and procurement seminar(s).