Doing Business in Taiwan (Final)

7/29/2019 Doing Business in Taiwan (Final)

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In 1949, the Communist Party came to power in mainland Ch

The Kuomintang (KMT) retreated to Taiwan.

Taiwan has been politically estranged from China ever since.

The KMT governed Taiwan as a one party state under martialuntil 1987.

Taiwan was transformed into a representative democ

First-ever direct presidential election in 1996.

History


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Location


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Geography The island is characterized bythe contrast between the easterntwo-thirds, consisting mostly ofrugged mountains running infive ranges from the northern tothe southern tip of the island,and the flat to gently rollingChianan Plains in the west thatare also home to most of

Taiwan's population. Taiwan's highest point is YuShan (Jade Mountain) at 3,952meters (12,966 ft), and there arefive other peaks over 3,500 m(11,500 ft). This makes it the

world's fourth-highest island.


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Climate

LIES ON THE TROPIC OF CANCER, AND ITS CLIMATE IS MARINE TROPICAL.

THE NORTHERN PART OF THE ISLAND HAS A RAINY SEASON (JANUARY to MARCH)

THE MIDDLE AND SOUTHERN PARTS OF THE ISLAND DO NOT HAVE AN EXTENDED MONSOONWINTER MONTHS.

THE ENTIRE ISLAND EXPERIENCES HOT, HUMID WEATHER (JUNE to SEPTEMBER).

TYPHOONS ARE COMMON BETWEEN JULY AND OCTOBER.


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Population: 23,1

GDP: 430.58 bil(2011).

Taiwan hassmacoal, natural gasmarble, and asb

Economy


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Source: http://www.tradingeconomics.com/taiwan/gdp
http://www.tradingeconomics.com/taiwan/gdphttp://www.tradingeconomics.com/taiwan/gdp


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Electronics, commun

information technolopetroleum refining, ctextiles, iron and stee

Agricultural: Rice, vetea; pigs, beef, milk;

Beside the globalizatalmost does not havebarrier is applied on countries.

Main industries


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Taiwan is a democraticcountry ruled by the laws.

It is rated as a freecountry.

Taiwan and mainlandChina signed theEconomic CooperationFramework Agreement

(ECFA) to strengthen theintegrity of trade andeconomy and to effectivelyreduce the political risksbetween Taiwan andmainland China.

Legal/Political Environmen
http://www.ecfa.org.tw/http://www.ecfa.org.tw/


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Culture Religions

Taiwan has many different religions: Buddhism, Taoist, C


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Family life

- In a traditional Taiwanese family, age,gender and generation determine the rolethat each family member plays.

- The familys reputation is veryimportance.

Education

- Strongly emphasized in Taiwan.

- A large share of national expenditures isallocated for educational purposes.

Business customs and practices

- Business etiquette in Taiwan is formal,basic similar to the Western.


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Folk Culture and Art

- Traditional Chinese opera and famous puppettheater.

- Taiwan's movies and performing groups.


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Technology Taiwan has advantages for the

development of "Knowledge-Intensive Industries.

A large amount of GrossExpenditure was spend on R&D(USD 22.3 billion 2012).

Major source of R&D FundEnterprise (71.2%) and the G(27.5%). Number of U.S. Granted UTaiwan is 8781. Taiwanese people have goo

technology.


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Distribution- Taiwan has 18 airports, 5 international harbor- High speed railway and MRT network.


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Financial Taiwan has 37 local banks and 31

foreign banks.

Internet banking remainsunpopular in Taiwan.

Taiwan has 1 reinsurancecorporation, 30 life insurancecompanies, 20 property &casualty insurance companies.


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Marketing & Communication

Internet marketing is

developing. Good mobile phone network

(Taiwan mobile, ChungHwa,...)

Fast ADSL and free Wi-Fi inmany places.

An abundance of radio, cableTV and newspaper choices,including English-medium

sources.


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Meeting and Greeting A nod of the head or a slight bow is considered polite for the

meeting.

Handshakes are generally only for males who are friends.

Introductions are important. Do not introduce yourself. Instehave a third person introduce you.

At a party or business meeting, wait to be introduced by the h


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Names and Titles Use family names and appropriate

titles until specifically invited by

your Taiwanese host or colleagues touse their given names.

The Taiwanese are often addressedby their government or professionaltitles.

Names may have two parts.

The Taiwanese generally introducetheir guests using their full titles andcompany names.


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Body Language Do not touch anyo

Never use your feetobject or to point a

Men should not cr

Putting an arm aroshoulder, winking with your index finconsidered rude ge

Placing your right left fist and raisingyour heart is a greefor the elderly.


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Corporate Culture

Punctuality is appreciated, but being a fewminutes early or late is acceptable.

Allow your counterparts in Taiwan to setthe negotiation pace. Don't set deadlines;if you do, don't disclose them.

People in Taiwan often state their ideasclearly and without hesitation. However,they will generally not say a direct "no."Instead, they may say, "We'll try." "Yes"may mean, "I understand."


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Corporate Culture

Friendship is valued in business.

Show commitment, sincerity andrespect for Taiwanese counterparts.

Guan-xi (qwon-she) means

connections/personal relationships.

Guan-xi is vital for business success in

Taiwan.

The spoken word is the contract.


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Dining & Entertainment Entertaining is required to be successful in

business in Taiwan and should never be regarded

as a waste of time. Business entertainment can last late into the

night.

Be sure to arrive on time or early for a banquet.

Do not discuss business at dinner unless yourhosts bring it up.

The host (person who invites) always pays the bill.It is polite for the guest to offer to pay, but don't

insist.


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Business Dress

- same as in the West

Gift

Show that you plan to build a longrelationship.

Should represent your town,business, region or country.

Hand it over with both hands.

Avoid presenting the following gifts:handkerchiefs, umbrellas, whiteflowers, watches or clocks representmourning.


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Helpful Hints

Speaking even a few words of Chinese is greatly appreciated.

Revere the elderly. Elders make the decisions. Business relationships are based on respect.

All new products registered and or patented to avoidcopying.

Especially for Women Taiwan to accept women in business roles.

Most Taiwan businessmen will invite

a businesswoman to dinner.


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Stress

Causes

Job issues Family problems Relationships

Financial matters

Life pressure .

Effects

Bad health Anger

Sadness

Depression

Drug, alcohol abuse

Social withdrawal

Solution

Do exerci Assertiven

Nutrition

Outdoor a

Commun

Relaxatio


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Business

Project name: SMASH STRESS Purpose:

Provide a new service that allows peopleto deal with stress in a safetyenvironment.


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Taipei: Shilin night

market, Ximending,Taichung: FengChia night market,..

People who get

stressed and wantto deal with it.

Local people andforeign tourists.

Leaflets,

InternetMagazines,Television,..

Gre100


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About the businessBasically there are 4 different kind of room we can create Calculate th

each room

Throwing ball room: which room allow you to throw somesoft ball as hard as you can.

119NTD per h

Screaming room: which room allow you can cream, usebad world as loud as you can

119NTD per h

Soft smash room: which room you can smash every softthings available in the room like pillow or sack of sand byavailable weapon

189NTD per h

Heavy smash room: which room you can smash everythings available like laptop, television, pottery, with available

weapon and goggles.

259NTD per


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Throwing ball room

In this room we have someballs on the ground thatpeople fell free to catch andthrow in to the wall.

There are many kinds ofball available, from the bigone to the small one.


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Screaming room

This is just a room thatsound can not leak out, sothat you can scream or usebad word as loud as youwant to.

We have a service that printphoto of someone you hate

or somethings like that.


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Soft smash room

There are available softthings that youre allowed to

hit, kick, or fight.

Smack of sand that you can

use some baseball clubs tohit it.

More stuffs will be added.


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Heavy smash room

We have some old stuffs foryou to smash, it may make

you feel better.

There are laptop, iphone,ipad, television, pottery,etcas long as you ordered.

You are required to weargoggles for your safety.


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Doing Business in Taiwan (Final)

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