ANNOUNCEMENT 20 Dec 2012In December 2012, the government of Chinese Taipei announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Chinese Taipei Executive Yuan press release, December 20, 2012: http://www.ey.gov.tw/en/News_Content.aspx?n=1C6028CA080A27B3&sms=E0588283EFAA02AD&s=1EE076D571BC7028
Taiwan Today, 'ROC Cabinet Oks relaxed foreign investment rules', December 21, 2012: http://taiwantoday.tw/ct.asp?xItem=199990&ctNode=413
On December 20, 2012, the Taiwanese Executive Yuan approved amendments to the respective Statutes for Investment by Foreign Nationals and by Overseas Chinese (i.e. persons from the PRC). The most important change is the abolishment of the requirement to seek prior approval for the investment, subject to exceptions in terms of value - projects worth more than US$ 1 million will still need approval - and for sensitive sectors such as telecommunication, banking and insurance, television, shipping and flight services etc. The amendment proposals are being sent to the Legislative Yuan for adoption. Taiwan Today estimates that 80 per cent of inbound FDI will be exempted from requesting prior approval.
For this measure, the affected trading partners and sectors indicated are those that had inbound FDI positions of more than US$ 1 million in Chinese Taipei in January-November 2011(latest available data on the Taiwan Ministry of Economic Affairs Investment Commission website), excluding the above-mentioned sensitive sectors .