Incentives Provided within the Free Trade Zone of Taiwan
Allied Scientific Pro can pass on the following benefits to you and your company:
On the cost side, the tax-free treatment of goods and equipment within FTZs, with goods from abroad brought into FTZs for storage being exempted from customs duties, commodity tax, business tax, tobacco and wine tax, tobacco health and welfare surcharge, trade promotion service charges, and port dues, yields considerable savings in operating costs.
On the efficiency side, the designation of FTZs as “within national territory but outside the customs territory” means that goods within the FTZs can be processed and moved freely without checks, inspections, customs clearance or escort, giving firms the agility to catch fleeting trade opportunities as soon as they appear.
On the service side, FTZs offer single-window services and allow companies autonomous management, delivering six-star administrative services that are both quick and convenient.
On the deregulatory side, FTZ enterprises can hire alien workers comprising up to 40% of their total work force, and are granted a high degree of flexibility in their manpower arrangements. International and PRC business people can enter FTZs for business purposes not only with ordinary visitor or resident visas, visa exemption, landing visas, or applications for travel passes, but also with “selective landing visas” issued in response to applications that the FTZ administrations relay to the competent authority within seven days prior to entry. This makes it even easier for international business people (including those from the PRC) to come to Taiwan to take part in trade shows, meetings, and other business activities.
On the financial side, for speed and convenience in the transmission of funds, financial institutions can apply to conduct foreign-currency remittances and transactions in FTZs, and foreign nationals can apply to set up financial holding companies in the zones for offshore investment without being subject to the restrictions of the Statute for Investment by Foreign Nationals. This fully meets the remittance needs for conducting all kinds of transactions and other financial activities within the FTZs.