Taiwan unveils expanded incentives to attract foreign investment

Taipei [Taiwan]July 4 (Memorial): Taiwan Deputy Minister of Economic Affairs Cynthia Kang, Taipei Times reported that the government’s commitment to supporting foreign companies investing in Taiwan and Taiwan again confirmed.

“Any company [that wish to invest in Taiwan] And contributing to Taiwan’s economy will receive government support.

Authorized, artificial intelligence, cyber security and military technology, such as key sectors such as the priority, the government’s health and service industries also welcomed the investment.

Incentives are part of a expanded version of the “Invest Taiwan” initiative, which was initiated for the first time in 2017 in response to the US-China trade war to encourage Taiwan businesses from China to Taiwan.

According to the Ministry of Economic Affairs (MOEA), new measures from 2025 to 2027 will support not only Taiwan -based companies returning from China, but also globally to Taiwan companies and foreign businesses.

Senior Moea official Chang Ming-Pin announced that incentives are up to 720 billion NT ($ 24.96 billion) in loans in the next three years. Credit service fee subsidies will also be increased from 0.3 to 0.7 percent to 0.3 percent.

Chang said the government aims to invest a new $ 1.2 trillion dollar investment and create approximately 80,000 jobs in Taiwan within the scope of the new plan.

Since the launch in 2017, the “Invest Taiwan” initiative has attracted 1,678 approved investment and comes from more than 1,100 small and medium -sized businesses. Together, these companies invested $ 2.53 trillion in Taiwan, according to Moea data. (MOMENT)