What are the incentives for foreign nationals to invest in logistics centers in Taiwan?
To foster high-tech and emerging industry development, build a superior domestic investment environment, and create strong competitive advantage for domestic companies, the government has provided the following incentives to encourage investment in the logistics sector in the hope of facilitating development of the logistics industry.
- Incentives for Private Participation in Infrastructure Projects
Logistics centers that qualify Article 3 of the Law for Promotion of Private Participation in Infrastructure Projects and Article 17 of the Enforcement Rules of the same law can receive government assistance in obtaining land or arranging for changes in land use; major infrastructure projects can also qualify for preferential financing and credit plans, 5-year,corporate income tax exemption, investment tax credit, reduced customs tariffs on imported machinery and equipment, reduced land tax, house tax and deed tax, and credit for the company''''s stock investment, etc.
- Preferential Loans for the Logistics Industry
Preferential loans for the wholesale, retail and logistics companies include funds for land purchases, buildings, transportation vehicles or machinery and equipment; funds for building an information technology infrastructure; funds for intellectual property such as trademarks, corporate secrets, copyrights, patent and technical skills; and necessary operating funds. The line of credit for each company is limited to NTD 100 million. The Ministry of Transportation and Communications also announced the Regulations Governing the Corporate Income Tax Exemption for a Foreign Enterprise Conducting Storage and Simple Processing in the Free Trade Zone.
