Taiwan authorities announce mainland investment capital investment measures

The economic authorities of the Taiwan authorities held a press conference on the afternoon of the 30th to announce that the "Measures for Investment in Taiwan by Mainland People" and the "Licensing Measures for Establishing Branches or Offices in Taiwan for Profit-making Enterprises" will come into effect on the 30th. Accept relevant applications.

It is reported that the Taiwan authorities have set up industry projects that are open to investment in the previous stage, including 64 manufacturing industries, 25 service industries, and 11 public construction projects.

Deng Zhenzhong, the relevant person in charge of the economic authorities of the Taiwan authorities, said at the press conference that the investment of mainland capital to Taiwan will help increase Taiwan's industrial funds, activate Taiwan's financial market, expand cross-strait industrial cooperation, and combine mutual advantages and common interests through cross-strait investment. Open up the mainland and international markets. In addition, the opening of land to Taiwan can also give international investors more confidence in the Taiwan market. Realizing the normalization of cross-strait investment is a long-term goal. The project opening will be “gradual and gradual” in stages, and “with results and then expanded”.

Deng Zhenzhong said that in the second half of this year, the two sides will conduct propaganda and explanations on land investment in Taiwan, and organize a delegation to attract investment from the mainland. At the same time, enterprises from relevant industries in the mainland will be invited to visit Taiwan to investigate investment projects and investment environment.

He also said that in addition to the two licensing methods, it also involved land-based investors and their dependents in Taiwan to stay, medical treatment, schooling, financial needs and purchase of real estate and other supporting measures, has also completed various operations.

According to the licensing method, people, legal persons, organizations, other institutions in the mainland, or companies investing in the third region, must obtain the permission of the economic authorities of the Taiwan authorities before they can set up subsidiaries, branches, sole proprietorships or partnerships. In the mainland, the profit-making business must also obtain permission in advance to establish a branch or office in Taiwan.

In response to a question from the Xinhua News Agency, the relevant person in charge of the “Investment Review Committee” of the Taiwan Economic Competent Authority stated that the review time for the investment application of the land investment to Taiwan was about one month.

It is understood that mainland capital directly or indirectly holds more than 30% of the shares of the third regional company or its capital contribution, or it has control over the third regional company, it will be regarded as land capital; mainland enterprises invest in Taiwan listing, on the counter and The shares of XingJi Company, which are more than 10% of the single or cumulative investment shares, will be regarded as direct investment. Both are handled in accordance with the "Investment Permit Measures for People from Mainland China to Taiwan".