Taipei,Oct.8,2012(CENS)--a Program for Taiwanese Businesses Returning to Taiwan for Investmenta is scheduled to come out this week.Yiin Chii-ming,minister of the Council for Economic Planning and Development(CEPD),reported yesterday(Oct.7)that the program,which will hit the road in November,can prompt Taiwanese businesses to double their investments and invest at least NT$200 billion in two years.
The program zeros in on Taiwanese businesses attempting to develop international brands or high value-added products or with key position in industrial chains.To qualify the incentives of the program,investment in traditional industry must top NT$100 million and that in hi-tech industry must reach NT$500 million.The program will be put into force for two years and terminate in 2014.
The program is another focal point of the a program for boosting economic momentuma rolled out by the Executive Yuan(the Cabinet),which also includes the plan for the Taoyuan aviation city.
The program offers five major incentives to Taiwanese businesses.The ratio of the employment of foreign laborers will be raised,to a maximum of 40%;tariffs for imported machinery and equipment will be cut by 50%;the government will provide assistance for securing factory land;the government will expand cultivation of R&D personnel,increasing 500-1,000 software talent annually;and the government will introduce high-caliber R&D talent.
Yiin Chii-ming noted that it is good timing to solicit Taiwanese businesses to return the nation for investment,due to the changing investment climate of mainland China,including rising wages,reduction in tax incentives,and stricter environmental-protection regulations.
Yiin noted that the U.S.and Korea are also soliciting their overseas manufacturers to return to their nations for investment.
Meanwhile,the Ministry of Economic Affairs will also list items suitable for investments by Taiwanese businesses as priority items in the follow-up talks for service trade and merchandise trade under the auspices of cross-Taiwan Strait Economic Cooperation Framework Agreement(ECFA).The ministry will join forces with municipal governments in soliciting Taiwanese businesses,especially those guidepost ones,to return to Taiwan for investments.
