The U.S. Department of State reports, Taiwan has transformed itself from a recipient of U.S. aid in the 1950s and early 1960s to an aid donor and major foreign investor, especially in Asia. Taiwan is now a creditor economy, holding the world's fifth-largest stock of foreign exchange reserves (US$291 billion as of July 2008).
Perhaps you're interested in establishing a partnership with one of the country's exporters. You may be considering joint ventures with Taiwanese companies, franchise or licensing opportunities or sales of your products and services in Taiwan. Whatever your interests and needs, the resources provided in this section will lead you to information that can support your entry into this growing market.
More About Business Basics
Everything from understanding government regulations and tariffs, to the right labeling and gaining local representation comes into play when doing business in Taiwan. Getting the basics down can prepare you for market entry.
The Federation of International Trade Associations created this introduction to Taiwan's economic trends, main branches of industry and international trade. From this page, use the pull-down menu to access additional information about the business environment, economy, buying and selling, operating a business and investing.
The Taiwanese government created this English-language overview of the country's trade activity as part of its e-government portal.
This profile of the Taiwanese market was prepared by the Australian Trade Commission (Austrade), the Australian government's trade and investment development agency. It reviews Taiwan's economic climate and provides information and statistics about trade relations.
Here, Austrade offers information about business opportunities and etiquette and such topics as tariffs; import restrictions; product certification, labeling and packaging; methods of quoting and payment; and various documentation and tax issues.
UK Trade & Investment, a division of the government of the United Kingdom, created this downloadable PDF report on doing business in Taiwan. The report provides introductory information about the market, advice to companies that want to export to or do business in Taiwan, and a guide to etiquette, language and cultural concerns.
Understanding market-specific issues, such as licensing, employment issues, getting credit, and starting a business or franchise, is critical in moving into new countries.
The World Bank's "Doing Business In" project compares business procedures and economic regulations in 181 countries throughout the world. This page provides introductory information about the Taiwanese market. Most World Bank materials are published in English, Spanish, Portuguese, French, Russian, Chinese and Arabic.
This comprehensive report includes chapters about dealing with licenses, starting or closing a business, employing workers, getting credit, protecting investors, paying taxes, enforcing contracts and trading across borders in Taiwan.
This World Bank chart summarizes the procedures, schedule requirements, and costs associated with setting up a business in Taiwan.
Using the building of a warehouse as an example, this page features a chart summarizing the procedures, time and costs to build in Taiwan. Text beneath the chart provides details about each procedural step in the process.
Here, the Ministry of Economic Affairs Small and Medium Enterprise Administration provides information about newly-established SMEs in Taiwan. Individual pages describe each new SME's vision, business model and strategies.
Business success abroad depends not only on the quality of your products and services, but also on the knowledge and respect you show for the customs and manners of business people in your host country. These guides will help you to ensure that your business conduct in Taiwan makes a positive impression.