![file_icon](images/file_icon.png)
Published Date: 2019-06-20
The government has unveiled a plan to boost the economy and keep businesspeople in Taiwan.
An investment plan approved by the Cabinet on Thursday includes several incentives that benefit both Taiwan-based businesses and Taiwanese businesspeople returning from China.
At a Cabinet meeting on Thursday, Premier Su Tseng-chang said loans for returning Taiwanese businesspeople have been raised from NT$20 billion (US$666 million) to NT$500 billion (US$16.6 billion). A separate loan of NT$80 billion (US$2.6 billion) will be set aside for businesses that choose to remain in Taiwan.
Su said boosting the economy is the government’s top priority. To make things easier for the business and the industrial sector, there will be one-stop service to help business solve issues with land, water, electricity, and taxes.
Su said the government has already relaxed rules and regulations about industrial land and extended preferential taxation measures to ten years.