In response to the gradual reduction in U.S. aid, the Industrial Development and Investment Center (IDIC), the forerunner of the Department of Investment Services (DOIS), was established under the Council for U.S. Aid on Dec. 1, 1959 on instructions from the Vice President and Premier Chen Cheng.
In 1963, the Council for U.S. Aid was reorganized into the Council on International Economic Cooperation and Development. The Industrial Development and Investment Center continued to function under the reorganized agency.
The Council for International Economic Cooperation and Development was reorganized again in 1973, becoming the Council for Economic Planning and Development. The IDIC was switched to the Ministry of Economic Affairs, where it continued its work of improving the investment environment and attracting foreign investment.
In response to a large-scale appreciation of the New Taiwan dollar and a rise in labor and land costs, as well as other major changes in the domestic and international economic environments, in the mid-1980s, the IDIC began offering domestic enterprises information and assistance on outward investment, in addition to helping foreign investors overcome the problems they encountered in investing in Taiwan.
Beginning in 1991, Taiwan industries faced the task of transition and upgrading, and the IDIC added the recruitment of overseas talent to its list of responsibilities with the aim of strengthening the competitiveness of domestic industries by attracting foreign professionals to come and work to the island.
After the turn of the century, Taiwanese enterprises had been operating abroad for more than a decade and had made substantial achievements there, while the investment environment in mainland China was becoming more difficult. For these reasons, the need for Taiwanese companies overseas to return to Taiwan to carry out transition and upgrading became increasingly pressing, and the IDIC took on yet another task: the centralized provision of assistance to Taiwanese businesses overseas wishing to return and invest in Taiwan.
The name of IDIC was changed to "Department of Investment Services (DOIS)" in July 2006 to reflect its current range of tasks and its function as an investment services window.
The Department of Investment Services is a staff unit of the Ministry of Economic Affairs, charged with the promotion of foreign investment in Taiwan, the encouragement of Taiwanese business to return from overseas and invest in Taiwan, the guidance of domestic enterprises in investing overseas, and the recruitment of foreign talent.
These are the key DOIS tasks:
Promotion of foreign investment in and technical cooperation with Taiwan
Encouragement of and assistance for Taiwanese businesses overseas to return and invest in Taiwan
Guidance and assistance for outward investment
Pinpointing and compilation of investment opportunities
Implementation of investment projects, follow-up, and removal of obstacles to investment
Publishing of investment guides and investment-related laws and regulations
Recruitment of overseas professionals
Promotion and liaison regarding bilateral and multilateral investment matters
The Department of Investment Services (DOIS) operates as an agency of the Ministry of Economic Affairs under the leadership of a director-general and two deputy director-general. The DOIS consists of five sections, the responsibilities of which are discussed below:
Covering all matters related to planning, research and evaluation, conducting research and making recommendations pertaining to the investment environments in Taiwan and abroad; production of investment literature and information; and administrative support. The major tasks are as follows:
Planning and research
Research towards formulation of investment policies;
Collection and compilation of investment laws and regulations;
Research and recommendations on investment in Taiwan and abroad;
Communications with the National Assembly for news and public relations;
Compiling and publishing of investment related laws, regulations, and other publications;
Production of investment guides for Taiwan and other countries;
Maintaining a hotline for consulting on investment in Taiwan;
Covering services relevant to investments in the US, Canada, Japan, Europe (excluding Central and Eastern Europe), New Zealand and Australia. The major tasks are as follows:
Collection and compilation of investment environment and related laws and regulations in the relevant regions.
Provision for services on investment and operations in Taiwan by overseas Chinese and foreigners from the relevant regions;
Provision for services on investment and operations in the relevant areas by Taiwanese companies;
Guidance and follow-up for major investment projects;
Intermediary services for introduction of technologies at home and abroad in the relevant regions;
Assistance on applications for airport receptions for foreign VIPs;
Establishment of a "Japan Window" program that aims at attracting Japanese investments in Taiwan and providing related services;
Holding discussion seminars with American chambers of commerce and Japanese chambers of commerce on a regular basis;
Organizing and sending delegations abroad to bring foreign investments in Taiwan;
Inviting foreign companies with investment potential to visit and to inspect the investment environment in Taiwan;
Services related to investment agreements with countries in the covered regions;
Creation and maintenance of the Taiwan businesses website and the DOIS website.
Section Chief: Lin, Su-Ling executive director(in place of Section Chief)
Tel: +886-2-2382-0490 or +886-2-2389-2111 Ext. 802
Covering services relevant to investments in Asian countries (excluding Japan, Mainland China, Hong Kong, Macao and Outer Mongolia), Central and South America, the Middle East, Africa, Oceania (excluding Australia and New Zealand), and Central and Eastern Europe. The major tasks are as follows:
Promoting bilateral investment services in covered regions;
Collection and compilation of information on economic environments and related laws and regulations in the covered regions;
Guidance for overseas investments by Taiwanese companies;
Assisting overseas Taiwan/Chinese business associations;
Assisting Taiwan’s service industry export;
Implementation of Overseas Taiwan Business Assistance Plan;
Implementation of Global Taiwan Business Industry Assistance Plan;
Section Chief: Chang, Yen-Shiun Tel: +886-2-2382-0499 or +886-2-2389-2111 Ext. 510
Covering services for Taiwanese companies bringing their investments back to Taiwan; services for investment in mainland China (including Hong Kong, Macao and Outer Mongolia) and Hong Kong and Macao; invitations of foreign investments in free trade zones; recruitment of overseas talents; services for Industrial Development and Investment Promotion Committees in 22 counties and cities; The major tasks are as follows:
Serving as a service window for overseas Taiwan companies returning to Taiwan to invest;
Implementation of the "Assistance Plan" for Taiwan companies investing in mainland China (including Hong Kong, Macao and Outer Mongolia);
Investment services for Hong Kong and Macao regions;
Invitations of foreign investments in free trade zones;
Recruitment of overseas talents;
Services for the Industrial Development and Investment Promotion Committee in 22 Counties and Cities in Taiwan;
Creation and maintenance of the Hirecruit website.
Section Chief: Chuang, Wen-Chang Tel: +886-2-2389-0491 or +886-2-2389-2111 Ext. 610
Covering services for international organizations issues. The major tasks are as follows:
Investment issues pertaining to the OECD;
Investment issues pertaining to the APEC;
Investment issues pertaining to the WTO;
Services pertaining to the Bilateral Investment Agreement (BIA).
The contact stands of Investment Promotion Agencies (IPA).
Creation and maintenance of the Invest in Taiwan website.
Invest in Taiwan Department of Investment Services 8th Fl., 71 Guanqian Rd., Taipei 100-47, Taiwan, R.O.C.
Tel : +886-2-23892111 - Fax : +886-2-23820497/8 Hot Line : +886-2-23914950 ( Investment Information )