Taipei Heighlights

Taipei is the capital city of Taiwan, and it is also Taiwan’s political, economic, and cultural center. The city of Taipei currently has 2.57 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 81.27% 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 3,700 registered foreign businesses and attracts over 57% 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 29 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 2.57 million
Population Density 9,455 persons per square kilometer
Population Structure 0-14 years of age 9.3%, 15-64 years of age 70.8%, 65 years of age and above 19.9%.
Average Greenness 53.99 square meters/person
Education Level 62.37% has completed compulsory education, 66.16% of the workforce has completed tertiary education
Economy Workforce 1,329,000 persons
Employment by Sector Agriculture/forestry/fisheries/livestock 0.09%, heavy industry 18.63%, service industry 81.27%
Unemployment Rate 5.39%
Average Disposable Household Income NT$1,422,400
CPI (Apr.2019) 103.43
Annual GDP(2020) NT$1377 billion
Top 5 Industries Wholesale/Retail, Manufacture, Construction, Professional Service & Science and Finance & Insurance

Taipei's Outstanding Performance in International Rankings

General Competitiveness
  • A.T. Kearney published the Global Cities Outlook 2021. This ranking was based on the assessment of private welfare, economy, innovation, and governance. Taipei was ranked the 24th. 
  • Taipei was ranked #4 on the 2021 Smart City Index (SCI) published by the Swiss Institute of Management Development (IMD) and the Singapore University of Technology and Design, up from the 8th place in 2020.
  • According to the report of the Global Power City Index (GPCI), Taipei holds 37th place. Four items were promoted among six major dimensions. Among them, Taipei’s "Environment" was the best, taking 14th place. Taipei City Government has actively established an "innovative ecology system" to develop innovative energy and continuously and stably promote global power based on the core value of "sustainable living".
  • According to the 2018 Global Competitiveness Report published by the World Economic Forum (WEF), Taiwan’s ranking was pushed forward to 13. Of the various factors, its “Innovation Ability” was first among Asian countries and 4th worldwide.
  • The Singapore financial analysis website, Value Champion, first published the "Top Millennial-Friendly Cites in the Asia-Pacific" in February 2019. It scores and ranks 20 major cities in the Asia-Pacific area from three major perspectives including employment prosperity, affordability of living costs, and the quality of life, based on the data analysis of economic scholars, the world economic forum, and world health organization such as institutions. Taipei City received 6th place and surpassed Seoul, Sidney, Beijing, and Shanghai. Among them, the performances in terms of evaluation from "affordability of living costs" and "quality of life" were great and the city continuously heads towards livability and sustainability.
  • According to the 2017 Global Entrepreneurship Index (GEI), Taiwan ranked 18th among 137 countries and 3rd in Asia. Its global ranking in terms of Entrepreneurial Attitude was 22nd, 24th for Entrepreneurial Ability, and 11th in terms of Entrepreneurial Aspirations. Its overall performance even led such major nearby competitors as Korea, Singapore, Japan, and China.
  • Business Insider: The most high-tech cities in the world 2017: Taipei was the highest rated city in Asia and ranked the 5th globally in 2017. It's higher than Seoul, Tokyo and Singapore.
  • No.2 Global Talent Competitiveness Index 2020 / INSEAD, The Adecco Group and Tata Communications: Taipei was included in the Global Competitiveness Index (GTCI) published in January 2020 by the collaboration of the Europe INSEAD Business School, Adecco Group and Tata Communications with great performance, ranking 46th globally after Seoul, surpassing such famous Asian cities as Bangkok, Yokohama, Nagoya and so on.
Financial and Economic Competitiveness
  • 2021 Index of Economic Freedom: Taiwan rank 6th globally, and 4th in Asia-Pacific.
  • In November 2018, the British consulting company Arcadis announced the "Sustainable Cities Index (SCI) report," which ranks 100 cities worldwide from the three major dimensions of People, Planet, and Profit based on the UN SDGs by analyzing whether the city development satisfies the needs of citizens and is available for sustainability and future development. Taipei City has leapt to 24th place worldwide and 4th place in Asia, defeating such Asian cities as Tokyo, Kuala Lumper, and Beijing.
  • Financial Times 2017/18 fDi Intelligence: Asia Future Cities Ranking: Taipei ranked 6th overall, 5th for economic growth potential, and 6th for friendliness of business environment.
  • UK think-tank Z/Yen’s 2020 Global Financial Centers Index 20: Taipei ranked 42th globally, and 15th in Asia.
Daily Living and Travel Competitiveness
  • According to the ranking published by the well-known global magazine CEOWorld, which focuses on national health care systems, Taiwan was ranked 2nd.
  • According to Liveability ranking and overview 2021 published by The Economist Intelligence Unit, Taipei Taiwan ranked at 33th globally. The total ranking of Taipei is next below Tokyo, Osaka, Japan in the East Asia, meanwhile surpasses Singapore. Amongst all the indicators, it gets a full score of 100 points for education. 
  • The expat website, InterNations, in Munich, Germany published an annual report known as the "Expat Insider”. In this report, Taiwan was rated as the top “Ranking of 2019’s Best Country for Living and Employment”. This year, over 20,000 expats responded to a survey on 64 countries from the perspective of quality of life, employment conditions, ease of settling in, cost of living, and family life. As a result of the survey, Taiwan reclaimed its top rank as seen in 2016. The reasons for Taiwan’s popularity include good medical care, quality of life, and employment opportunities.
  • According to the 2019 city safety report of the "The Economist Intelligence Unit," Taipei stands 22th with regard to assessment based on digital, health, individual, and infrastructure indicators and is ranked as high as 10th globally in health and safety items.
  • The biggest expat website, InterNations, announced its "Expat Insider City Ranking: The best and worst cities for expats in 2018,” with Taipei ranking straight at the top in the areas of solid medical care, convenient transportation, friendly personnel exchange, energetic business prospects, and affordable living costs.
  • According to QS Best Student Cities 2019 published by QS, Taipei was ranked 17th in the world and 4th in Asia. With a climbing international reputation, convenient and diversified living, and affordable living costs, students highly evaluate Taipei City and are keen to stay for employment after graduating.
  • MERCER has announced its 2019 Quality of Living City Ranking. The rating indicators include political and social environment, economy, and culture, with a total of ten major categories and 39 indicators. Taipei City ranked 84th overall and 9th in Asia, defeating such major cities in China as Shanghai, Beijing, and Guangzhou.
  • MasterCard Worldwide Asia Pacific Destinations Index 2019: Taipei attracted up to 7.4 million international tourists. Taipei City ranked the 14th overall and the 6th in Asia.
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
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; 29 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. Taipei was included in the Global Competitiveness Index(GTCI) published in January 2019 for the first time with great performance, ranking 15th globally and just 2nd in Asia after Seoul, surpassing such famous Asian cities as Singapore, Tokyo, and Hong Kong.
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.