Post on 17-Dec-2015
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2011 IBM Corporation
April, 2013
New Investment Advantages in Taiwan
Taipei Representative Office in Singapore
MOEA
MOEA
Outline
Taiwan at a Glance
Top 10 Reasons to Invest
in Taiwan
Investment Opportunities
Page 2
MOEA
Taiwan at a Glance
Size 36,190 Square kilometers
Population 23 million
Economic Growth 4.03% (2011)
1.25% (2012)
Per Capita Income US$20,374 (2012)
Unemployment Rate 4.39% (2011) 4.18% (2012)
Foreign Trade
(2012)
Total: US$ 571.82 Billion (-3.03%)
Exports: US$ 301.10 Billion (- 2.32%)
Imports: US$ 270.72 Billion (- 3.81%)
18th largest trading economy in the world
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MOEA
Top 10 Reasons to Invest
in Taiwan
Page 4
MOEA
2012 Investment Environment
Rating:
4th
in the world
2nd
in Asia
Business Environment Risk
Intelligence
2012 Index Rankings:
7th in the world
3rd in Asia
IMD World Competitiveness Ranking
Global Competitiveness
Index (2011-2012):
13th in the world
4th in Asia
World Economic Forum
Top 10 Reasons to Invest in Taiwan
1. Investment Environment and Global Competitiveness
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MOEA
18 agreements, including the ECFA and Intellectual
Property Rights Agreement, were signed between Taiwan
and China over the past 2 years
Economic Cooperation Framework Agreement (ECFA) was
signed on June 29th and took effect on September 12th,
2010
The signing of ECFA clearly shows the willingness of the
two sides to further improve bilateral trade and investment
relations, which is beneficial for economic prosperity and
development across the Strait
Top 10 Reasons to Invest in Taiwan
2. Gateway to China After Signing ECFA (1/2)
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MOEA
Top 10 Reasons to Invest in Taiwan
2. Gateway to China After Signing ECFA (2/2)
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Expected to establish 15 large-scale stores in Taiwan; Signed contract with the Taichung City Government to set up operational headquarters in Taichung.
First flagship store opened in Taichung Eighth-period Redevelopment Zone in 2012.
Decathlon (France)
Already has eight branches in Taiwan; 3 out of 8 are within top 10 in the world. the Neihu store is the 3rd most profitable in the world.
5-6 new branches are planned to open in northern Taiwan (Sanchong, Xindian, Xinzhuang) and central Taiwan.
Costco (USA)
Pingtung Agricultural Biotechnology Park Branch upgraded into a subsidiary, Compass Biotech Co., Ltd.
Current annual output of 1,120 tons; second factory being built an annual output of 2,100 tons. The company produces cultivated edible mushrooms for the Taiwan and Mainland China markets.
Currently investing in Taiwan to build Mirasol Display (reflective display technology) factory for mass production.
Mirasol Display is an emerging display technology, with bistable e-paper features, ability to be clearly seen in sunlight, and energy saving benefits.
Expected to begin production at end of 2012 with a first- phase investment of US$1bn.
Houston (Japan)
Increasing Taiwan investment due to optimism about Taiwan's consumer market
Qualcomm (USA)
Using Taiwan's location and industry clusters to develop the Asian market
MOEA
Business Income Tax 25%
17%
Income Tax Act revised on May 28,
2010.
Company tax burden reduced with
business income tax cut from 25% to
17%.
The reduced rate is more favorable
than China (25%) and Korea (22%).
Item Taiwan China Singapore South Korea
Corporate
Income Tax 17% 25% 17%
22%
(201220%)
Value-added
Business Tax 5% 17% 7% 10%
Tax Incentive
Policy
R&D
investment
High- and
new-tech
enterprises,
R&D
investment
Emerging
industries operations,
R&D
investment
Foreign
investment,
R&D investment
Top 10 Reasons to Invest in Taiwan
3. Tax Environment and International Competitiveness
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MOEA
Awards won by Taiwan in Top International Design Competitions, Including 52 Gold Awards
Year
Award 2005 2006 2007 2008 2009 2010 2011 2012 Total
IF, Germany
(Called the
Design Oscar)
37
(1 gold )
72 (3 gold)
56
(1 gold)
99 (2 gold)
66
(1gold)
105
(5 gold) 116
109
(16 gold)
679
Red dot, Germany
design award 20
(1 first)
37
(2 first) 45
66
(5 first)
71
(5first)
101
(3 first)
136 (3 1st )
41 (3 1st)
519
IDEA, U.S.
(industrial design award)
5 (2 silver,
3 bronze)
1 (1 gold)
4 5
(2 silver, 3 bronze)
2
6
(4 silver,2 bronze)
5
(2G /1S/2B)
5 (2S/1B)
34
G-Mark, Japan
product design award
38 38 28 31 21 48 26 - 277
Total 100 148 133 201 160 260 283 155 1509
Source: Industrial Development Bureau, Ministry of Economic Affairs
Top 10 Reasons to Invest in Taiwan
4. Strong Design Capability
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MOEA
150 local R&D centers 54 international R&D centers (2012)
North: 106
Center: 15
South: 29
Top 10 Reasons to Invest in Taiwan
5. Innovation in Taiwan
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MOEA
Culture
Traditional
culture
Infinite
choices of
cuisine
Food
Daily Life
Convenience store
on every corner
Shopping
Xinyi shopping
area
Medical Service
Providing the best
medical treatment in
the world
Transportation
HSR
MRT
Top 10 Reasons to Invest in Taiwan
6. Pleasant Living Environment
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MOEA
Beijing
Shanghai
Seoul
Tokyo
Hong Kong
3:30
1:40
3:00
2:20
1:40
Taiwan offers the shortest
average flying time to major
Cities in Northeast Asia :
2 hours and 26 minutes
Direct air and sea links with China: Direct flight destinations: 41 Direct flights: 558/week Cargo charter flights: 48/week Sea transport: 12 harbors in Taiwan,
70 harbors in China
Top 10 Reasons to Invest in Taiwan
7. Hub of Northeast Asia
MOEA
Nankang Software Park
IC design Digital Content Biotechnology Foreign investment 30%
(IBM, Siemens, Philipsetc.)
Hsinchu Science Park IC manufacturing Optoelectronics Biotechnology
Central Taiwan Science Park,
Taichung Precision Park
Semiconductors, optoelectronics Biotechnology Precision Machinery
Changhua Coastal
Industrial Park
Metal products, metal surface treatment
Recycling, green energy
Tainan Technology, Liouying, Yongkang
Technology Industrial Parks
Optoelectronics Environmental technology Automobile parts Precision machinery
Kaohsiung Linhai, Da-Fa and
software industrial parks
Petrochemicals, iron and steel industry Metal processing, precision machinery IC, optoelectronics, communications,
environmentail technology
Top 10 Reasons to Invest in Taiwan
8. Well-Developed Industry Clusters
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MOEA
Top 10 Reasons to Invest in Taiwan
9. Skilled Workforce
43.32% of the workforce with college, university, or higher education background.
Every year, 320,000 students are graduated from college, university, or higher
education, supplying an abundant workforce for industry.
Lower labor wages than Hong Kong, Macau, Japan, Korea, and Singapore. Workers are highly motivated and productive.
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MOEA
Extensive
Infrastructure
Highly-developed sea, air, and
land transportation
Well-developed ICT facilities
Comprehensive industrial
land zoning
Convenient freight and
logistics
Fully integrated transportation network
High-speed rail enables same-day travel between
Taipei and Kaohsiung.
Over 10,000 domestic/overseas
sea/air/land freight and
warehousing companies
form a comprehensive and
efficient transportation
network.
Taiwan has a well-developed ICT infrastructure with
97.56% penetration for fixed
line, 76% penetration for
household Internet use, and
92.5% penetration for mobile
phones.
There are currently 181 industrial zones, 3
science parks, 10
export processing
zones, and 5 free trade
zones.
International logistics companies based out of key
Taiwanese and foreign cities
effectively reduce
import/export/transshipment
times for cargo, enabling rapid
flow of goods and information.
Comprehensive legal system and
IP protection
Taiwan has a comprehensive legal system and IP
protection legislation is
backed by an IP court.
Source: MOEA Department of Investment Services, compiled by ITRI IEK (2010/10)
Top 10 Reasons to Invest in Taiwan
10. Extensive Infrastructure
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MOEA
Investment Opportunites
in Taiwan
MOEA
6 Emerging Industries
Six Emerging
Industries
High-end
Agriculture
Culture &
Creation
Healthcare
Green
Energy
Tourism
Biotech
Government Investment:
2.9 Billion USD
Government Investment:
0.6 Billion USD
Private Investment:
0.2Billion USD
Government Investment:
0.8 Billion USD
Government Investment:
2 Billion USD
Private Investment:
1.6 Billion USD annually
Government Investment:
1 Billion USD
Private Investment:
6.6 Billion USD
Government Investment:
0.83 Billion USD
Trigger Private Investment:
6.6 Billion USD
MOEA
Investment Opportunities in Six Major Emerging
Industries
Industry Est. Production Value Investment Opportunities
Biotechnology US$9 billion (2012) Development of new drugs, biopharmaceutical manufacturing,
medical equipment, lab testing, agricultural biotechnology, health
foods, biotech services
Tourism US$19 billion (2012) Promotion of themed tours, development of Taiwanese leisure
and recreation, bringing in international hotel chains, nurturing
Taiwanese tourist hotels, developing the MICE industry, medical
tourism, and cultural exhibitions and performances
Green energy US$400 billion (2012) Solar cells, LED lighting, wind power, biofuels, hydrogen fuel
cells, energy information communication technology (EICT),
electric vehicles
Health care US$12 billion (2012) Medical care, long-term care, wellness and health maintenance,
intelligent medical care services, cross-border medical care
services, national health security
High-end
agriculture
US$5.5 billion(2012) Organic agriculture, agricultural biotechnology, orchids,
groupers, ornamental fish, plant nurseries, livestock and poultry
breeding, in-depth agricultural tourism, high-end agricultural
products
Cultural and
creative industries
US$24.5 billion (2013) The six flagships: television, cinema, popular music, digital content, design, handicrafts
MOEA
4 Emerging Smart Industries
Four Emerging
Smart Industries
Cloud
Computing
Industrial
Application of
Invention
Patents
Smart
Green
Buildings
Intelligent
Electric
Vehicles (Evs)
Government Investment:
0.4 Billion USD
Trigger Private Investment:
0.67 Billion USD
Est. Output (2016)
60,000 Vehicles
Est. Output (2020)
1,200,000 Vehicles
( 1 M. for export)
Government Investment:
0.8 Billion USD
Trigger Private Investment:
3.3 Billion USD
Government Investment:
0.11 Billion USD
Trigger Private Investment:
0.95 Billion USD
MOEA
Ten Key Service Industries Sectors Vision Target (2013)
Gourmet Taiwan
Bring international cusine to Taiwan
Promote Taiwanese cuisine internationally
Promote US$0.07 billion in private investment
Add 3,500 outlets in Taiwan and abroad
International Medical Tourism
Achieve inbound clients and outbound medical services
Raise medical quality and improve Taiwan's image as a provider of quality medical services
Attract US$0.14 billion in private sector investment.
Create international medical industry worth US$0.37 billion
Music and Digital Content
Raise the production and distribution of Taiwanese pop music
Promote Taiwan as an advanced country with creative music and multimedia industries
Pop music industry production targets (2010-2014):
Combined production value for the five year period reaching US$1.67billion
Attract US$5.83 million in private sector investment
Digital content (Targets):
Industry production value of US$26 billion
Increased investment of up US$3.3 billion
Chinese language electronic commerce
Promote Taiwan as a secure, sophisticated and dynamic location for Chinese-language e-commerce operations centers catering to international businesses
2015 targets:
Increase revenues to US$33.3 brillion
Have at least eight Chinese-language e-commerce
businesses with annual revenues exceeding US$0.33 billion
Global Logistics
Establish Taiwan as a hub for value-added logistics and supply-chain integration
Initiate US$0.097billion in private sector investment
Logistics industry achieves a scale of US$0.33
billion
MOEA
Ten Key Service Industries (cont.) Sectors Vision Target (2013)
MICE Establish Taiwan as Asias top MICE location
Target (2012)
Bring in US$0.43 billion in investment
Achieve direct and peripheral benefits worth US$8.3 billion
Urban renewal Speed up the promotion of urban
renewal and create an urban
renewal industry
2011-2014 Targets:
Building construction investment totaling US$7.5 billion
Creating economic production value of US$38.1 billion
WiMAX Making Taiwan a global wireless
broadband service demonstration
island and solution exporter
Stimulating US$1.67 billion in private investment
Increasing the value of WiMAX equipment output to US$4.3 billion
Export of higher
education
Strengthening Taiwans higher education brand and attracting
larger numbers of high-caliber
foreign students
Overseas student in Taiwan for continuing or advanced study:
95,000 students by 2015, or 7.48% of the total college and university student population
150,000 students by --2020, or 10% of the total university and college student population
Fund-raising
platforms for
high-tech and
innovative
industries
Attracting overseas high-tech and
innovative companies seeking to
list on Taiwans stock exchange or over-the counter; establishment
regional fund-raising platforms
tailored to specific industries
Increasing the number of new listed companies to 330, out of which 194 will be in technology and innovative industries
The market capitalization of listed high-tech and innovative firms will increase to US$560 billion
Increasing fund-raising in Taiwan several fold to US$8.9 billion
MOEA
Thank You for Your Attention
Page 22
Contact us
TEL: (65) 6500-0120
FAX: (65) 6271-9885
E-mail : singapore@moea.gov.tw
Address: 460 Alexandra Road #23-00
PSA Building, Singapore
119963
Web: www.roc-taiwan.org/SG/
Taipei Representative Office in Singapore