Promoting investment and driving economic growth are currently the government’s most important policy goals. The Executive Yuan is actively promoting Five Major Innovative Industries, including smart machinery and the Asian Silicon Valley initiative; these are supported by the Investment Expansion Program, which encompasses new public infrastructure projects and opportunities to invest in state-owned enterprises and emerging industries. These efforts are expected to attract a new wave of foreign and private investment. In the interest of driving the development of the Five Major Innovative Industries and providing a better investment environment, the Executive Yuan has designated the Ministry of Economic Affairs’ Department of Investment Promotion (InvesTaiwan Service Center, MOEA) as a one-stop window to provide a full range of assistance to investors throughout the investment process.
To promote investment, the Department of Investment Promotion (InvesTaiwan Service Center) provides a one-stop window for businesses seeking investment services. The assistance offered includes the gathering of information, investment evaluation, partner matchmaking, and procurement of land and utilities in the pre-investment phase; the obtaining of licenses and incentives in the investment phase; and help with the elimination of obstacles, expansion of operations, and investment in startups in the post-investment phase. This assistance enables businesses to quickly and smoothly invest and operate in Taiwan.
In addition, for major investments of over NT$500 million that need these services, the MOEA will assign a dedicated project manager to provide services in order to accelerate these major investment projects.
MOEA surveys show that the area of greatest demand for assistance among businesses looking to invest include obtaining land for plants and offices, with 36% of businesses requiring such assistance, and regulatory and administrative processes, with 35%. To help businesses overcome these obstacles and to strengthen interaction with investors, the InvesTaiwan Service Center analyzes problems encountered by an investment project immediately upon receiving a request, and replies within 24 hours (except on holidays). Customized services and information are provided to address the specific problem, and a coordination process is initiated in which working group meetings are called to assist in eliminating the problem.
For major investment obstacles that involve other agencies or local governments, Minister of the MOEA convenes inter-agency meetings to help resolve the relevant problems. Any problem that cannot be resolved in this way is handled by a meeting via the Executive Yuan’s inter-agency investment platform, helping to speed up the investment project involved.
The MOEA helps investors obtain land for plants and offices by finding information on land availability and strengthening matchmaking services. Specific actions include collecting information on land for sale or for rent in various types of industrial parks developed by government agencies, and referrals to local governments, “Chinese Association of Real Estate Brokers” to help identify suitable land. These efforts provide businesses with a greater diversity of information and matchmaking channels for the acquisition of land.
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