world-leading manufacturing and hi-tech industries
comprehensive supply chains and industrial clusters
high-quality human resources
great innovative capacity
sound infrastructure and abundant capital
proximity to and linguistic affinities with mainland China
regionwide trade and economic links
It offers one of the most competitive tax systems in Asia, with an average tariff of just 4.23% on industrial goods and a business income tax rate of only 17%.
It signed the Economic Cooperation Framework Agreement (ECFA) with mainland China in 2010.
And above all,
It launched the Free Economic Pilot Zones Plan in August 2013.
Added together, these advantages will open up limitless business opportunities.
Free Economic Pilot Zones (FEPZs) provide a friendly and supportive business environment
FEPZs are trial zones for a free economy, with liberalization, internationalization and forward vision as their defining concepts. In FEPZs, all restrictions on the flow of goods, people, capital, information and knowledge are greatly loosened, and market opening is carried out.
The industrial activities selected for development in the zones are those that have strong growth potential, can play a demonstrational role, and can create greater economic benefits.
Progressing from partial to general liberalization, Taiwan will eventually become a free trade island.
The primary targets for development in FEPZs are high-value-added high-end service industries. Manufacturing industries that can promote service industry development are the secondary targets. In August 2013, the FEPZs kicked off the first implementation phase, with priorities given to the following innovative industrial activities. FEPZs will be opened to include more economic activities as time goes by.