The following Commercial practice note Produced in partnership with Patrick Marros Chu of Lee and Li, Attorneys-at-Law and David Tien provides comprehensive and up to date legal information covering:
Updated in August 2020
The business environment
Forming a company
Financing a company
Opening a branch office
Opening a bank account
Utilising office space
Key employment laws
Contracting with third parties
Protecting key assets and employees
Since the mid-twentieth century, Taiwan has been one of the 'Asian Tigers' maintaining a dynamic capitalist economy with a strong presence in international markets. According to the World Trade Statistical Review 2020, Taiwan is the 17th largest exporter and 17th largest importer in the world merchandise trade in 2019, and IMD World Competitiveness Yearbook 2020 ranked Taiwan as the 11th most competitive economy in the world. In addition, the government offers various attractive incentives to make Taiwan more business-friendly. With a stable political environment and domestic market, significant technical expertise in both hardware and software engineering, abundant high-quality human resources, well-established infrastructure, and favourable investment acts, Taiwan provides an attractive business climate.
Further, since it is located in the heart of the Asia Pacific region, Taiwan is a strategic platform connecting some of the major economies including the US, China, Japan, Korea and emerging markets such as the ASEAN Economic Community (AEC). In June 2010, the People’s Republic of China (PRC) and Taiwan signed Economic Cooperation Framework Agreement (ECFA), which strengthens Taiwan's position as an attractive economic hub for international companies. Thus, Taiwan is ideal for manufacturing goods and providing services for both domestic and
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