Taipei Spotlight

Taipei is the capital city of Taiwan, and it is also Taiwan’s political, economic, and cultural center. The city of Taipei currently has 2.7 million residents, and it forms the most important metropolitan region in northern Taiwan, along with the neighboring cities of New Taipei City and Keelung. Due to its advantageous geographical location, safe and comfortable living environment, as well as comprehensive infrastructure such as transportation, information, communications, medical, and education systems, the city attracts many multi-national corporations, international financial institutions, foreign consulates and business organizations to set up bases here.

The service industry makes up 75% of the city's industry, with the remainder shared by the manufacturing, agriculture, forestry, fishery, and livestock sectors. Due to the concentration of financial capital, talent, technology, excellent economic activity, and professional services, the city's development is focused on knowledge innovation. Currently the city's major development fields include the ICT (hardware and software), biotechnology, general merchandising (wholesale/retail), financial services, and MICE industries. Taipei has nearly 3,500 registered foreign businesses and attracts over 50% of the total foreign investment in Taiwan. The city’s R&D centers and operational headquarters are the best in Taiwan, among which the Neihu Technology Park and the Nangang Software Park are national industry clusters. Taipei has a large number of academic research institutes, such as Academia Sinica, and 30 public and private universities, including National Taiwan University (NTU). Sixty percent of the Taipei workforce has higher education backgrounds, and top professional talent continues to drive industrial innovation and entrepreneurship.

Taipei has a pleasant climate with an annual average temperature of 23 degrees Celsius. It has a convenient transportation network and within an hour, you can travel to anywhere in the city, including scenic Yangminshan Mountain and the coast of Danshui. In addition, the historical background of the city has produced a diverse cultural milieu with high cultural tolerance and an open-minded populace. The city is highly regarded by both locals and foreigners for its business development, quality of living, and education and career prospects.

Taipei's Investment Environment
Nature Geographical Location North Taiwan, 25°02′N 121°38′E
Surface Area 271.8 square km
Climate Tropical, monsoon climate, average annual temperature 23.8 degrees Celsius
People Population 2.7 million
Population Density 9,920 persons per square kilometer
Population Structure 0-14 years of age 13.9%, 15-64 70.77%, 65 and above 15.33%.
Average Greenness 5.3 square meters/person
Education Level 99% has completed compulsory education, 66% of the workforce has completed tertiary education
Economy Workforce 1,325,000 persons
Employment by Sector Agriculture/forestry/fisheries/livestock 0.3%, heavy industry 19.2%, service industry 80.5%
Unemployment Rate 3.8%
Average Disposable Household Income NT$1,314,031
CPI 105.80
Annual GDP NT$12,589,200,000,000
Top 5 Industries Wholesale/Retail, Manufacture, Construction, Professional Service & Science and Finance & Insurance

Taipei's Outstanding Performance in International Rankings

General Competitiveness
  • JLL’s 2015 "Globalization and Competition: The New World of Cities": Taipei ranked 5th in emerging cities, 2nd for quality of higher education, and 7th for innovation and R&D ability.
  • Australian think tank 2Thinknow's 2015 Innovation Cities Index: Taipei ranked 9th in Asia; among cities listed as global innovation hubs (the second highest level), Taipei was the highest-ranked in Asia. Since its entry into the top 100 cities list in 2011, Taipei has been highlighted by 2Thinknow as one of the fastest-growing cities with very high expectations in terms of competitive potential.
Financial and Economic Competitiveness
  • Financial Times 2015 fDi Intelligence: Asia Future Cities Ranking: Taipei ranked 3rd overall, 2nd for economic growth potential, and 4th for friendliness of business environment.
  • UK think-tank Z/Yen’s 2015 Global Financial Centres Index 18: Taipei ranked 26th globally, and 10th in Asia.
  • 2017 Index of Economic Freedom: Taiwan rank 11th globally, and 5th in Asia-Pacific.
Daily Living and Travel Competitiveness
  • MasterCard Worldwide Asia Pacific Destinations Index 2015: 6.4 million international respondents ranked Taipei 11th in Asia.
  • The Economist Intelligence Unit’s Safe Cities Index ranked Taipei 13th.
  • 2016 Ericsson Networked Society City Index: Taipei ranked 11th globally and 4th in Asia, behind only Singapore, Japan and South Korea.
  • 2016 InterNations Expats Survey: Taipei ranked 1st globally, ahead of Singapore (13th), Japan (27th, and South Korea (29th).
Comprehensive Transport Network
Taipei has its own Songshan Airport, and is also situated near Taiwan Taoyuan International Airport. There are port facilities located in both Taipei and Keelung, providing the city with both sea and air transportation advantages. From Taipei, you can quickly reach many other major Asia-Pacific cities. Shanghai, Seoul, Tokyo, Hong Kong, Bangkok, and Singapore are all within four hours flight time. In terms of sea freight, Taipei is near major Asia-Pacific ports such as Hong Kong, Manila, Shanghai, Tokyo, and Singapore, facilitating the rapid transit of goods to markets around the world.
Knowledge and Talent
The 2015 IMD World Talent Report ranked Taiwan 23rd worldwide and 4th in Asia, beating out Japan, South Korea, and China. Taiwan talents’ ability to learn is strong. They are also efficient and responsible, attracting companies from around the world to set up offices here. Leading domestic research institute Academia Sinica; 30 universities and technology institutes; and American, European, Japanese, and Korean international schools all drive innovation and entrepreneurial spirit in Taipei. In addition, major research organizations such as the Industrial Technology Research Institute, the Institute for Information Industry, Chung-Hua Institution for Economic Research, and Taiwan Institute of Economic Research ensure that research momentum remains at full speed.
Law and Democracy
Taiwan operates under the rule of law, and has a stable economic structure. Central and local government systems protect the human rights and freedom of the people. Taiwan's investment regulations are clear and intellectual property laws are in line with international norms, ensuring that patents and intellectual property are fully protected. IP licensing processes are simple and effective. The country boasts a comprehensive judicial system, and a special intellectual property court has been established. In addition, many professional legal, financial, accountancy, and investment organizations have established headquarters and branch offices in Taipei, effectively boosting business competitiveness.
No Language Barrier
Taipei is a highly globalized city. More and more Taipei citizens are learning foreign languages such as English, Japanese, Korean, and Southeast Asian languages. Bilingual or multi-lingual guidance and signage are offered in public transportation services, street maps, major organizations and information centers, which eliminate the language barrier for foreigners to do business or travel.
Diverse Professional Talent
The two major industry clusters of Taipei, Neihu Technology Park and Nangang Software Park, gather 160,000 employees working in the fields of ICT software and hardware, biotechnology, digital content, and culture and creativity. In order to facilitate international talent and technology exchanges, the government has amended visa and residency regulations for foreigners so that professional talent and entrepreneurs from abroad can obtain residency visas more easily, thus increasing opportunities for long-term exchanges.