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. At the end of July 2020, there were a total of 3,697 incentive subsidy applications that were accepted, and 1,235 applications were reviewed and approved with a subsidy amount of NT$1.7102.7 million.  Among these, 1,000 were start-up enterprises that were started less than 5 years ago (included), accounting for 80.97% of the enterprises with a subsidy amount of 1,290.88 million, which also accounted for 75.48% of the subsidies approved. This has become the highest incentive subsidy system that supports start-up enterprises in Taiwan. All foreign companies that are registered in Taipei City may also apply for the relevant subsidies. At the end of February 2020, 35 foreign companies that are operated by foreigners were approved, with an approval amount of 69.12 million and an investment amount that advanced to over 1687 million.

 

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