Doing business in taiwan

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Guide to

DOING BUSINESS IN TAIWAN
SUMMER 2003

Welcome to Taiwan – the Silicon Island

Over the past few decades, Taiwan has transformed from a rural country
with an agricultural economy to one of the world’s leading producers of semiconductors, computer goods and other high-technology products. Taiwan’s highly educated workforce and the continuous efforts of the government tocreate an investor-friendly environment, with free and fair competition for both local and international firms, through government loans, tax incentives and progressive legislation, have propelled Taiwan to the forefront of the East Asia region, as an economic powerhouse with abundant business and investment opportunities. Taiwan’s entrance into the WTO, in January of 2002, has served as acatalyst to the already dynamic process, encouraging further liberalization of the economy and further legal and regulatory changes to bring Taiwan into full compliance with international norms, making Taiwan a key player in the global economy. Taiwan’s overall competitiveness today ranks among the top ten countries in the world, and her potential for the future is great. In order to enjoy thegreat benefits Taiwan has to offer and to maximize investment returns, we encourage existing or potential investors to read through this general outline of Taiwan’s business and investment climate, and to please let us know if you have any questions or seek legal assistance in Taiwan.

Doing Business in Taiwan

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TEL:+886-2-87733600

SHAY & PARTNERS 11F, 109 Ren-Ai Rd., Sec.4,Taipei, Tawian FAX:-886-2-87733611 Http://www.elitelaw.com e-mail:webmaster@elitelaw.com

ABOUT TAIWAN ....................................................................................................................................5 Facts .................................................................................................................................................5Geography ........................................................................................................................................5 Population.........................................................................................................................................5 HISTORICAL BACKGROUND.............................................................................................................6 GOVERNMENT STRUCTURE ..............................................................................................................7 LEGAL SYSTEM ....................................................................................................................................8 Legal Institutions..............................................................................................................................8 Courts .......................................................................................................................................8 Administrative Courts...............................................................................................................8 Alternative DisputeResolution.........................................................................................................9 Reconciliation...........................................................................................................................9 Arbitration ................................................................................................................................9 FINANCIAL INSTITUTIONS..............................................................................................................10 Foreign Exchange Market ..............................................................................................................10 Securities Markets .......................................................................................................................... 11...
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