**Taiwan Boosts Investment with New Incentives for Companies**
Taipei, Taiwan – July 4: Taiwan’s Deputy Minister of Economic Affairs, Cynthia Kiang, has reiterated the government’s dedication to fostering investment from both overseas Taiwanese and foreign companies. This commitment follows the Cabinet’s approval of a new set of incentives, which includes loans and subsidies aimed at enhancing Taiwan’s economic landscape, as reported by the Taipei Times.
During a press briefing in Taipei, Kiang stated, “Any companies that wish to invest in Taiwan and contribute to Taiwan’s economy will receive government support.” She highlighted that while sectors such as artificial intelligence, cybersecurity, and military technology are prioritized, the government is also open to investments in the health and service industries.
These incentives are part of an expanded “Invest Taiwan” initiative, originally launched in 2017 in response to the US-China trade tensions, which aimed to encourage Taiwanese businesses to relocate operations from China back to Taiwan. According to the Ministry of Economic Affairs (MOEA), the new measures, effective from 2025 to 2027, will support not only Taiwan-based companies returning from China but also globally operating Taiwanese firms and foreign businesses.
Senior MOEA official Chang Ming-pin announced that the incentives will include up to NT$720 billion (approximately USD 24.96 billion) in loans over the next three years. Additionally, loan service fee subsidies will increase to between 0.3% and 1%, up from the previous range of 0.1% to 0.7%. The government aims to attract NT$1.2 trillion in new investments and create around 80,000 jobs in Taiwan under this new plan.
Since its inception in 2017, the “Invest Taiwan” initiative has successfully attracted 1,678 approved investments, with over 1,100 coming from small and medium-sized enterprises. Collectively, these companies have invested NT$2.53 trillion in Taiwan, according to MOEA data.
In conclusion, Taiwan’s proactive approach to investment through these new incentives reflects its commitment to economic growth and stability, positioning the island as an attractive destination for both local and international investors.
**FAQ**
**What is the “Invest Taiwan” initiative?**
The “Invest Taiwan” initiative is a government program launched in 2017 to encourage Taiwanese businesses to relocate from China back to Taiwan, offering various incentives to attract both local and foreign investments.
