incentives&subsidies

Incentives & Subsidies

To encourage investment by enterprises, the Taipei City Government has promulgated the "Taipei Municipal Self-Government Ordinance for Industrial Development," offering various subsidy and preferential tax programs depending on the needs of different industries. The purpose is to support sustainable business growth and investor profits. According to the Ordinance, companies engaged in strategic industries are entitled to R&D subsidies and various investment incentives, such as occupational training allowances, loan interest subsidies, and preferential rates for housing and land value taxes.

The Taipei Municipal Self-Government Ordinance for Industrial Development provides subsidies for entrepreneurship, research, branding, angle incubation programs and rent for real estate, employee salaries, and occupational training to encourage innovation and investment. As of July 2019, 3,588 cases had been received, of which 1,429 were approved, with the total subsidy amount exceeding 1703.858 million, which has led to more than 21.9 billion in investment in innovation, a 129.4 billion increase with regard to productivity, and an additional 9,166 employed individuals.

 

Investment Subsidies Related Subsidy Items
  • Creativity subsidies: 50% of the total amount with a maximum of NT$1 million
  • R&D subsidies: 50% of the total amount with a maximum of NT$5 million
  • Branding subsidies: 50% of the total amount with a maximum of NT$5 million
  • Incubation subsidies and the "Angel Program": Maximum NT$3 million for each project
  • Subsidy on Employee Training: Maximum NT$1 million
  • Subsidy on Employee Salary: Maximum NT$5 million
  • Subsidy on Loan Interest: Maximum NT$50 million
  • Rent Subsidy: Maximum NT$5 million
  • Subsidy on House Tax/Land Value Tax: Maximum NT$50 million
  • Exemption or reduction of rent for two to five years against public-owned houses or land

Releted Link::Subsidies & Incentives For Taipei Industry