What are the foreign exchange regulations of the ROC?
Foreign exchange in Taiwan is regulated according to the market, and capital flows enjoy a high degree of liberalization.
The following types of transactions have been fully liberalized:
- Foreign exchange capital flows that do not involve NT dollar transactions have been fully liberalized
- Foreign exchange capital flows (involving NT dollar exchange) related to commodities
- Foreign exchange service expenditures (involving NT dollar exchange)
- Capital transactions (involving NT dollar exchange) approved by the competent authority; includes direct investment and securities investment
Short-term fund flows fall under the following regulations:
- Foreign exchange amount for companies and individuals shall not exceed US$50 million and US$ 5 million. Transactions should be processed directly at a banking institution.
- Companies and individuals who wish to exchange an amount surpassing US$50 million and US$ 5 million, respectively, must first apply for permission from the Central Bank and process the transaction at a banking institution after receiving permission.
Non-residents may not engage in foreign exchange transactions exceeding US$100,000, and must process their transaction directly with a banking institution.
