Guide to Doing Business in Taiwan
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Guide to Doing Business in Taiwan

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Guide to Doing Business in Taiwan Guide to Doing Business in Taiwan Presentation Transcript

  • Citibank 3rd International Business Seminar Doing Business in TaiwanAsia’s Regional High-Tech, Industry, and Capital Center and Gateway to China Ted Y. Hong, CPA Partner – International Business Goldin, Peiser, & Peiser, LLP thong@gppcpa.com 214-635-2533
  • You may not be able to live without these toys produced by the Taiwanesemanufacturers. Cell Phone Notebook Flat Screen TV
  • You may not know that Taiwan is also No. 1 in producing: Aftermarket Collision Parts Precision Machinery Air Soft Gun Industrial Mold View slide
  • Taiwan is also known for: Rich Culture Product DesignsWell Designed and Profitable Subway One of the Best Managed Public Health Systems View slide
  • Taiwan at a Glimpse Size: 13,854 Square Miles, a little larger than Maryland Population: 23 million (2 million less than that of Texas) Economy (GDP): 24th largest economy in the world (No. 1 – USA, No. 2 – China) Foreign Exchange Reserve: 5th largest (No.1 - China, No. 2 – Japan)
  • Diversified Economy &Outstanding Infrastructure Key Industries:High tech, petrochemical, biomedical, precision machinery, software, musical, product designs, animation, financial services and tourism Infrastructure: Three hours of direct flights to major Asia cities Two hours within island by bullet train or air
  • Low Tax Rate And Transparent Government With Strong IT Protection •17% corporate income tax rate •Pro-business and efficient government services – One Window Service •Strong IT protection law and enforcement •Taiwan takes corruption seriously by putting their former president Chen Shui- bian in jail for life for his corruption
  • High Quality Labor Forces & Popular Asia Regional R&D Center High Quality and Reasonable Priced Labor Forces: •95% of high school graduates go to college •Starting college graduate salary around $800 •Fringe benefit is under 20% of the wage (vs. 40% in China) •Top engineering and science universities Popular Asia Regional R&D Center: •Stable working force •Strong IT protection •One of the top world patent countries in quality and quantity •Open and free society •High quality of living
  • Investment Opportunities (Focus Industries) in Taiwan •Cloud computing •Green construction material and energy •Smart electric car •Commercialization of patents •Wi-Fi country •Advanced health care and “health check-up” tourism •Chinese music, movie, television, entertainment, art & craft •High-end, organic and leisure agriculture •Bio science •Tourism •Asia regional logistic and conference center
  • ECFA ( Economic Cooperation Framework Agreement) – Gateway to China • Free trade agreement between Taiwan and China. • Gradually reducing or eliminating tariff and non-tariff barriers to trade in a substantial majority of goods between the two countries. • Officially, Taiwan is the 4th largest investing country in China (after Hong Kong, Japan, and US). Unofficially, Taiwanese are probably the largest investors in China. • Many western and Asian corporations use Taiwanese as their partners or Taiwan as their base to invest in China because of their in-depth knowledge of China investments. • Taiwanese businesses understand western business mentality better than their China counterparts. • Gateway through Taiwan will shield their know-how and trade secret from being explored or copied in China. • Financial reporting is Taiwan is viewed as good as that of the U. S. and Europe.
  • IPO In Taiwan by Foreign Entities– PWC Taiwan material with permission
  • IPO In Taiwan by Foreign Entities (Cont’d)
  • 外國公司到台灣上市的展望和優勢 (續)
  • IPO In Taiwan by Foreign Entities (Cont’d)
  • IPO In Taiwan by Foreign Entities (Cont’d)
  • IPO In Taiwan by Foreign Entities (Cont’d)
  • IPO In Taiwan by Foreign Entities (Cont’d)
  • IPO In Taiwan by Foreign Entities (Cont’d)
  • IPO In Taiwan by Foreign Entities (Cont’d)
  • IPO In Taiwan by Foreign Entities (Cont’d)
  • IPO In Taiwan by Foreign Entities (Cont’d)
  • IPO In Taiwan by Foreign Entities (Cont’d)
  • IPO In Taiwan by Foreign Entities (Cont’d)