Love in Taipei Startup Symposium Makes It Easier for Investors to Apply for Various Incentives and Subsidies

To make it easier for investors to apply for various incentives and subsidies, the Department of Economic Development of the Taipei City Government held a foreign business briefing on July 2, attracting nearly a hundred foreign businesspeople in Taipei to take part in the "Love in Taipei Startup Symposium."

At the "Love in Taipei Startup Symposium," Lin Chong-jie, Director-General of the Department of Economic Development of the Taipei City Government, said that the whole world is in the midst of an innovation trend driven by new internet technologies: the Internet of Things, makers, 5G and so on are developing very rapidly, spurring innovative business operation models such as crowdfunding, communities, open information and cloud technology. Amid this wave of innovation, 6,500 companies were established in Taipei City in the first half of this year alone.

This "Love in Taipei Startup Symposium" invited domestic and international entrepreneurs to share their personal journeys, offering advice from the perspective of those who have been through it on the details foreign entrepreneurs should pay attention to, and also invited experts from various fields to explain the advantages of starting a business in Taipei and management techniques from a financial perspective.

Forward Taiwan founder Zhu Ping spoke about Taipei City's advantages for foreign friends in starting a business and putting down deep roots, such as the startup opportunities in Taipei, the lower office rent compared with Tokyo, Seoul and Hong Kong, China, and the government's full support, which gives entrepreneurs greater room to develop and lets them take risks and experiment; Thomas Kuiper, head of Guan Di Company and co-chairman of the European Chamber of Commerce, also explained at the meeting the reasons why he chose to start his business in Taipei City in the first place; Elias EK of Enspyre International shared the process of applying for government subsidy funds; and KPMG deputy general manager and accountant Li Wan-rong explained the tax system for foreign companies in Taiwan and related preferential measures.

In addition, the Executive Yuan's Joint Service Center for Global Investment Promotion and the Taiwan-US Industrial Cooperation Promotion Office also expressed at the meeting their full support for foreign businesses starting up in Taiwan!

The Department of Economic Development of Taipei City said that to make it easier for investors to apply for various incentives and subsidies, dedicated staff provide application acceptance and consultation services; the consultation phone numbers are 1999 (callers from outside the city please dial 02-27208889) ext. 6625, 1428, 1429; related information can also be found on the official website of the Department of Economic Development of Taipei City and the official website of the Taipei City Industrial Development Incentives and Subsidies Program.