InvestmentinNewTaipeiCity

:::

Investment Environment


About New Taipei City

  • A hub for land and sea transport; geographically advantageous for industrial and economic activities
  • Robust transportation and logistics infrastructure; complete industrial settlements
  • Largest economic scale of enterprises in Taiwan; over 300,000 companies, business, and factories registered
  • Competitive labor population; about 2.05 million workers, with over 50% completing higher education
  • Tenth city in the world to complete a voluntary local review (VLR) targeted at sustainable development goals
  • From 2014 to 2016,  Winner of the ICF Top 7 Global Intelligent Community Award for three consecutive years. Winner of the 2019 SCAPA for the Smart Disaster Monitoring Center - Hazard Warning and Smart Decision-Making System and AIoT Application. Winner of the 2020 Go Smart Award. "2021 Asia Pacific Smart City Awards" (SCAPA) "Public Safety: Next Generation Emergency Response Services" category award. Winner of the first prize of WITSA Smart City Group - All-disaster Intelligent Command and Monitoring Platform (EDP) in 2021. Winner of the GO SMART Award Special Award - the Best Vision City Plan Award in 2022.  Winner of the ICF Top1 award, the first global smart city award in 2022. In 2023, we received two winning awards in the GO SMART Awards.

New Taipei City has continued to grow and innovate for many years, setting numerous national records and gaining international recognition.

In the future, the New Taipei City Government will continue to build infrastructure and support economic development, adopt a people-centered approach to resolving problems, and provide favorable living conditions and convenient transportation locations to increase young people's willingness to remain in the city. In addition, the city government aims to promote sustainable urban development through concrete action and the implementation of smart technologies, shaping New Taipei City into a commercial hub that is both livable and internationally competitive. New Taipei City is definitely the top choice for corporate investors.

New Taipei City's Six Major Investment Advantages

From Asia-Pacific to the world
Rapidly connecting major global markets

  • Sits on two major Asia-Pacific transport routes
  • Fly to seven major West Pacific cities in under three hours
  • Navigate to five major ports in the Pacific Rim in 53 hours

Land, sea, air transportation
Driving industrial development clusters

  • Connect to all major countries by sea or air
  • Industry consolidation with three north-south and three east-west express networks
  • Enhance corporate efficiency with a robust MRT network

Abundant human and innovation resources
Injecting energy into industry innovation, research, and development

  • About 71% young and middle-aged population, highest in the country
  • Labor force of 2.05 million, with 50% of workers completing higher education
  • 21 colleges and universities providing the labor force with 140,000 graduates annually
  • 17 incubation centers and 6 youth entrepreneurship bases, forming a robust entrepreneurial support and services network

Industrial reclustering
Robust industrial support tools

  • Six Major Industrial Regions and Two Cross-domain Fields, forming an industrial cluster
  • One-stop business invitation window, providing one-stop investment services
  • Land matching platform, assisting enterprises in finding suitable locations for expansion
  • International market expansion projects to market quality products internationally
  • SME services teams, coaching enterprises to be more competitive
The Six Major Industries

Smart city promotion
A city of economic and social prosperity

  • From 2014 to 2016,  Winner of the ICF Top 7 Global Intelligent Community Award for three consecutive years
  • Winner of the 2019 SCAPA for the Smart Disaster Monitoring Center - Hazard Warning and Smart Decision-Making System and AIoT Application
  • Winner of the 2020 Go Smart Award
  • "2021 Asia Pacific Smart City Awards" (SCAPA) "Public Safety: Next Generation Emergency Response Services" category award
  • Winner of the first prize of WITSA Smart City Group - All-disaster Intelligent Command and Monitoring Platform (EDP) in 2021
  • Winner of the GO SMART Award Special Award - the Best Vision City Plan Award in 2022
  •  Winner of the ICF Top1 award, the first global smart city award in 2022
  • In 2022, we were honored with the ASOCIO Digital Government Award.
  • In 2023, we received two winning awards in the GO SMART Awards.

Low-carbon, green energy promotion
Focusing on industrial development and environmental protection

  • Robust LED industry supply chain
  • Solid foundation in photovoltaic R&D
  • Promoting the installation of roof-top solar panels on government-owned buildings
  • Rapidly developing smart EV industry, to create an advanced city featuring low-carbon and green transportation

Transportation Diagram

Registered enterprises, businesses, and factories





Transportation Network


New Taipei City features comprehensive transportation infrastructure. The HSR system, railway system, national highways (National Highway 1 and National Highway 3), provincial highways (Provincial Highway 1, Provincial Highway 64, Provincial Highway 65, Huanhe Expressway), and MRT system are interwoven to great a robust transportation network. This network connects all five major industrial parks and all other small and medium parks spread across the city, greatly enhancing enterprises' operational efficiency. The enterprises along with the transportation grid form clusters, creating economies of scale while creating cross-industry synergy. Moreover, many vendors have greatly benefited from the continued expansion of the MRT system and the launch of the airport line in 2017.



Health Care


Taiwan has one of the most convenient and straightforward health insurance systems in the world. People from Hong Kong, Macau, Mainland China, and other countries residing in Taiwan with a valid visa are all eligible for national health insurance.

  • Taiwan was ranked second by the Economist in the 2000 Worldwide Health Ranking.
  • Taiwan advanced to 13th in the 2007 IMD World Competitiveness Ranking for health insurance infrastructure. 
  • The Richest ranked Taiwan first in the world for health care in 2016.
  • Statistics released by the Ministry of Health and Welfare in 2018 indicated that Taiwan has 29.3 doctors and 71 hospital beds per 10,000 citizens. 

    Learn more: How to subscribe to the National Health Insurance as a foreigner?
    



    Outpatient for Foreigners

    • New Taipei City

    MacKay Memorial Hospital - Tamshui Branch
    Far Eastern Memorial Hospital
    Cardinal Tien Hospital(Xindian Main Branch)
    Shuang Ho Hospital
    TAIPEI Hospital
    New Taipei City Hospital

    Taipei City

    Cathay General Hospital (Main Branch)
    Taipei City Hospital - Yangming Branch
    Taipei City Hospital - Zhongxiao Branch
    Taipei City Hospital - Renai Branch
    Taipei City Hospital - Heping Fuyou Branch (Heping)
    Shin Kong Wu Huo-Shih Memorial Hospital
    Taiwan Adventist Hospital
    Tri-Service General Hospital Songshan Branch
    Taipei City Hospital - Zhongxing Branch

    International Schools In Taiwan


    Taipei American School
    Address: No. 800, Zhongshan North Road Section 6, Shilin District, Taipei City
    System: preschool, elementary school, junior high school, high school

    Taipei European School
    Address: No. 31, Jianye Road, Shilin District, Taipei City (Junior High School)
    No. 731, Wenlin Road, Shilin District, Taipei City (Elementary School)
    System: preschool, elementary school, junior high school, high school

    Taipei Japanese School
    Address: No. 785, Zhongshan North Road Section 6, Shilin District, Taipei City
    System: elementary school, junior high school

    Dominican International School Taipei
    Address: No. 76, Dazhi Street, Zhongshan District, Taipei City
    System: preschool, elementary school, junior high school, high school

    Taipei Adventist American School
    Address: No. 80, Lane 64, Zhuangding Road, Shilin District, Taipei City
    System: preschool, elementary school, first and second year of junior high school

    Primacy Collegiate Academy

    (Taipei Adventist American School High School Division)

    Address: No. 99, Meide Street, Shilin District, Taipei City
    System: third year of junior high school, high school

    Grace Christian Academy
    Address: No. 67, Dongxin Street, Nangang District, Taipei City
    System: third year of junior high school, high school

    Taipei Korean School
    Address: No. 68, Lane 1, Qingnian Road, Wanhua District, Taipei City
    System: preschool, elementary school


    VIS International School

    Address: 3rd Floor, No. 97, Roosevelt Road Section 1, Zhongzheng District, Taipei City (Xing Yuan Building of National Taiwan University)

    System: junior high school, high school

    Taipei Fuhsing Private School - Bilingual Division

    Address: No. 262, Dunhua South Road Section 1, Da'an District, Taipei City

    System: elementary school, junior high school, high school

    Taipei WEGO Private Senior High School - International Class

    Address: No. 50, Zhuhai Road, Beitou District, Taipei City

    System: junior high school, high school

    National Overseas Chinese High School

    Address: No. 32, Daguan Road Section 1, Banqiao District, New Taipei City

    Junior high school, high school

    Asia American International Academy

    Address: No. 542, Alley 37, Lane 23, Wenhua North Road Section 1, Linkou District, New Taipei City

    System: junior high school, high school

    Morrison Academy Taipei

    Address: No. 1, Donghu Road, Linkou District, New Taipei City

    System: preschool, elementary school, junior high school, high school

    Taoyuan American School

    Address: No. 1, Kainan Road, Luzhu District, Taoyuan City

    System: elementary school, junior high school, high school

    Yoder International Academy

    Address: No. 225 Changchun 1st Road, Zhongli District, Taoyuan City

    System: f and sixth grade of elementary school, junior high school, high school

    Yoder Bilingual Academy

    Address: No. 225 Changchun 1st Road, Zhongli District, Taoyuan City

    System: f and sixth grade of elementary school, junior high school, high school

    Amenities


    Cleanest city in Taiwan

    New Taipei City has been voted the cleanest city in Taiwan for ten consecutive years. To achieve ecological preservation, environmental protection, and carbon reduction while enhancing residents' living quality, the New Taipei City Government has built many waterparks, pergolas, hiking trails, and bike routes throughout the city. Since the launch of the "New Taipei Greenification Project" 12 years ago, a total of 206.46 hectares of city land have been greenified, which translates to 0.51 square meters of green land per capita.

    Abundant cultural and recreational resources

    The rich and diverse characteristics and cultures of New Taipei City's 29 districts are an epitome of Taiwan. In 2022, there were 6,514 arts and cultural events held in New Taipei City, with a total attendance of 29,851,861 participants. New Taipei City is genuinely the most culturally and creatively diverse city in Taiwan. The natural beauty of New Taipei City, such as mountains, oceans, valleys, river banks, and hot springs, can be easily reached by public transportation such as MRT or buses. The vast jurisdiction has a wealth of sightseeing resources.

    Water and Electricity

    Residential and Commercial Water

    Taiwan (New Taipei City) has the lowest unit water prices among the aforementioned countries. According to relevant statistics, the water availability rate in Taiwan is 91.83%. Therefore, Taiwan is competitive in both water prices and availability.

    *The water price in Vietnam is calculated based on the upper-limit prices in first-tier cities.

    Fees (NTD/unit)

    Taiwan (New Taipei City)：17
    United States：45
    China：21.36
    Vietnam*：25
    Indonesia：29.63
    South Korea：18.91
    Availability
    Taiwan (New Taipei City) High
    United States Moderate
    China Moderate
    Vietnam Low
    Indonesia Low
    South Korea High

    Residential and Commerical Electricity

    Taiwan (New Taipei City) has the lowest water rate among the above-mentioned countries, and according to the data, the penetration rate is as high as 91.83%, so it has advantages regardless of price and penetration rate.

    Residential and Commerical Electricity (NTD/unit)

    Taiwan(New Taipei City)：2.53
    United States：3.90
    China：2.32
    Vietnam：3.68
    Indonesia：2.94
    South Korea：3.07
    Industrial Electricity
    Taiwan(New Taipei City) High
    United States High
    China Moderate-to-high
    Vietnam Low
    Indonesia Low
    South Korea High

    Industrial Electricity

    Taiwan (New Taipei City) has the lowest industrial electricity prices among the three of the aforementioned countries. Today, the electricity availability rate in Taiwan is 100%. Although the unit price in the United States is lower than Taiwan, New Taipei City remains competitive, even after taking into account labor and tax burden. Although the energy price in Indonesia is lower, the lack of infrastructure may lead to unstable supply.

    Industrial Electricity (NTD/unit)

    Taiwan (New Taipei City)：2.45
    United States：1.97
    China：2.72
    Vietnam：3.95
    Indonesia：2.25
    South Korea：2.79
    Supply stability
    Taiwan(New Taipei City) High
    United States High
    China High
    Vietnam Moderate
    印尼 Low
    South Korea High

    Natural Gas

    Taiwan (New Taipei City) has slightly more expensive gas prices compared to China and Indonesia. The reason is that the two countries are producers of natural gas and therefore have a cost advantage.

    *The gas price of China is calculated based on average prices.

    Natural Gas Fees (NTD/unit)

    Taiwan(New Taipei City)：11.55
    United States：13.18
    China*：11.50
    Vietnam：14.37
    Indonesia：11.65
    South Korea：14.20
    Pipeline coverage
    Taiwan (New Taipei City) Moderate
    United States Moderate
    China Moderate
    Vietnam Low
    Indonesia Low
    South Korea High

    Tax


    ◆Individual income tax

    Taxation scope

    Individuals with Taiwan-sourced income shall be levied comprehensive income tax on their Taiwan-sourced income in accordance with the provisions of the Income Tax Law. Those who do not reside in Taiwan and those with Taiwan-sourced income shall be withheld separately at the source.

    How to pay tax as a resident

    The "Income Tax Act" defines residents of Taiwan as the following two groups of people: a person who has a registered domicile and predominantly resides in Taiwan; and a person with a registered domicile but has stayed in Taiwan for a total of 183 days in the tax year.
    Residents shall declare their consolidated income for the current year between May 1 and May 31 in the following year. Spouse and dependent income, exemptions, and deductions shall be declared along with the consolidated income declaration.

    Learn more: Taxation Administration, Ministry of Finance

    ◆Business Tax

    Taxation Target

    Sales of goods or services and imports of goods within the territory of the Republic of China shall be subject to business tax in accordance with the value-added and non-value-added business tax laws.

    ● Definition of goods sold within the territory of the Republic of China:
    1. If the delivery of the sales goods needs to be moved, the place of departure shall be within the territory of the Republic of China.
    2. If the delivery of the goods for sale does not need to be moved, its location is within the territory of the Republic of China.

    ● Definition of sales of labor services within the territory of the Republic of China:
    1. The sales service is provided or used within the territory of the Republic of China.
    2. The international transportation business carries passengers and goods out of the territory of the Republic of China.
    3. A foreign insurance company undertakes reinsurance from an insurance company in the Republic of China.

    Taxpayer

    1. Business operators who sell goods or services.
    2. The consignee or holder of the imported goods.
    3. Buyers of labor services sold by foreign enterprises, agencies, associations, and organizations that do not have a fixed place of business within the territory of the Republic of China. However, if a foreign international transportation enterprise has no fixed place of business within the territory of the Republic of China but has an agent, it shall be its agent.
    4. Those who transfer or divert the agricultural oil and fishery oil specified in Subparagraph 27 and Subparagraph 28 of Paragraph 1 of Article 8 and do not comply with the tax exemption regulations shall be the person who transfers or diverts the oil for other purposes . However, if the person who transfers or uses it for other purposes is unknown, it shall be the owner of the goods.
    5. Foreign enterprises, agencies, groups, and organizations that do not have a fixed place of business within the territory of the Republic of China and sell electronic services to natural persons within the territory of the Republic of China shall be taxpayers of business tax.

    Learn more: Taxation Administration, Ministry of Finance

    ◆Business income tax

    Taxation target

    Enterprises operating in Taiwan or foreign enterprises with income derived from sources in Taiwan are required to pay business income tax.

    Taxation scope

    For any profit-seeking enterprises headquartered in Taiwan, the business income tax shall be levied on its total income derived within or outside Taiwan. For any profit-seeking enterprises headquartered outside Taiwan but having income derived from sources in Taiwan, business income tax shall be levied on income derived within Taiwan.

    Learn more: Taxation Administration, Ministry of Finance

    Tax categories and systems in Taiwan(2022)


    Securities


    Wages

    A worker shall be paid such wages as determined through negotiations with the employer. For business characterized in the Labor Standards Act, wages shall not fall below the basic wage. Wages shall be paid in the statutory, circulating currency.

    Working hours

    A worker shall work the number of hours determined through negotiations with the employer. For business characterized in the Labor Standards Act, regular working hours are eight hours a day with no more than 40 hours a week. Overtime is calculated separately.

     Holidays

    A worker shall work the number of hours determined through negotiations with the employer. For business characterized in the Labor Standards Act, a worker shall have two off days every seven days. One day shall be a regular holiday, and the other is a flexible rest day.

     Leave-taking

    Personal leave: up to 14 days in one year; unpaid leave

    Injury and sick leave: up to 30 days a year without hospitalization; half-paid leave

    Occupational sickness leave: applicable for the period of medical treatment for occupational accidents; paid leave

    Working hours for foreign workers

    Domestic helpers and care providers are defined as individual service providers by the Ministry of Labor. Wages shall be negotiated between the employee and employer without prejudice to the worker's health and well-being.

    National Labor Insurance and National Health Insurance

    All citizens of Taiwan and foreigners with Alien Residence Cards are eligible for National Health Insurance. Foreign workers employed by a company or firm with more than five employees shall all be enrolled in the National Labor Insurance by the employer, organization, or institute and shall pay a monthly insurance premium. Foreign domestic helpers and care providers employed by natural persons are not subject to compulsory labor insurance. However, they may enroll voluntarily. Foreign workers shall be enrolled in the National Labor Insurance with their employer. Applications, along with employment permits, shall be submitted to the Bureau of Labor Insurance and National Health Insurance Administration for processing. The labor insurance rights and obligations of foreign workers are in accordance with the Labor Insurance Act and Employment Service Act.

    Act for the Recruitment and Employment of Foreign Professionals

    This Act was passed to relax regulations on acquiring work and residence visas for foreign professionals and optimize insurance, leasing, and retirement benefits for foreign workers, thereby attracting more foreign professionals to Taiwan, promoting industry upgrade and transformation, and enhancing international competitiveness.

    Foreign specialists and technical professionals approved investment or business establishment supervisors, school teachers, cram school teachers, sports coaches and athletes, and artists and performers(Subparagraphs 1-6, Paragraph 1, Article 46 of the Employment Service Act) may submit inquiries or applications to the Foreign Professional Online Application Platform.

    Settlement of labor-management disputes

    Regulations for employment termination of foreign workers in businesses characterized in the Labor Standards Act are as follows:

    1. The employer shall issue an advanced notice and provide severance pay for the dismissal of workers in the event of downsizing, loss, closure, or transfer due to poor business management.

    2. Advanced notice and severance payment are not required for violations of the worker's constituting employment termination as stipulated in the Labor Standards Act.

    3. The worker may terminate employment without notice and request severance for violations constituting employment termination by the employer as stipulated in the Labor Standards Act.

    • The worker shall not claim from the employer either additional wages for the advance notice period or severance pay in the event of fulfilling the employment contract without intent to renew.

    • For early termination of employment contracts with the plan to leave Taiwan within 14 days after contract fulfillment, the worker shall submit an application to the Labor Affairs Department of New Taipei City Government for review and approval and request an employment termination certificate.

    • Foreign workers shall abide by the terms and conditions of their employment contract. They are obligated to perform the agreed-upon work, show good work ethics, and uphold confidentiality.

    4.When foreign workers encounter disputes over the Labor Standards Act, they may apply to the Labor Affairs Department of New Taipei City Government for mediation in accordance with the provisions of the Labor Dispute Settlement Act.