
COME INVEST IN TAIWAN - Deputy Minister Lin
19 October, 2013 07:00:00 By Alec Lushaba
Republic of China on Taiwan Deputy Minister of Mainland Affairs Council, Chu-Chia Lin, invites companies who want to invest in Taiwan to do so.
He said the advantage of investing in Taiwan is that within three years, your company is given local status and would be treated as a Taiwan company when investing in bigger economies like Mainland China.
Lin says their country offers the following benefits;
n Dynamic open economy
n Strategic location in the Asia-Pacific region
n World-leading manufacturing and hi-tech industries
n Comprehensive supply chains and industrial clusters
n High-quality human resources
n Great innovative capacity
n Sound infrastructure and abundant capital
n Proximity to and linguistic affinities with mainland China
n Region-wide trade and economic links.
He said Taiwan offers one of the most comprehensive tax systems in Asia, with an average tariff of just 4.23 percent and a business income tax rate of only 17 percent.
In 2010, he said they signed the Economic Co-operation Framework Agreement with Mainland China.
He said as a result of that agreement today they have 670 scheduled direct flights weekly to Beijing.
Lin said they have decided to co-operate with mainland China, something that has seen about 100 000 businesses and one million Taiwanese businessmen invest in China.
“Further, they have about five million Taiwanese who visit the mainland and they receive 2.5 million Chinese yearly as tourists. We are further exploring opportunities of opening representative offices in the two countries.
“We are fine with the co-operation that exists between the two countries and the governments only talk economics with the mainland, no politics for the next 50 or 60 so years to come.
“We feel the current situation serves our two countries well. We have further agreed that where Taiwan has established diplomatic links, China would not disturb those relations even if it moved into those countries,” the deputy minister for Mainland Affairs Council said.
Population and Natural Resources
Total area – 36 193 km2
Total population – 23.3 million
Population density – 643/km2