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Advantages of Doing Business in Taiwan - Legal Environment and IT Cluster

Sound Legal Environment

Taiwan's level of protection for foreign investment is very high. The people in Taiwan have matured legally. The protections for foreign investment are clearly stipulated in the foreign investment regulations. As legal education is promoted, the people and enterprises in Taiwan have good legal concepts. The predictability and stability of their actions have increased. The society is in good order and investment environment is secure. Almost all of the accounting systems in Taiwan conform to international standards. The deregulation for cross-strait policies further puts Taiwan in a more advantageous position than Hong Kong and Macao for investment.

The government has regarded the protection of intellectual property rights a very important issue. To create a better system and environment for IP protection, the government has actively made policies and taken measures to protect inventions and the authors' efforts to encourage innovative inventions. A dedicated court and a policeman team are established to protect IP rights, and related laws and regulations are also passed. These actions have won international community's recognition. In 2009, Taiwan is removed from the US government's 301 watch list, which is recognition of Taiwan's progression and enforcement in IP protection.

Strong IT Industrial Cluster

Have you ever heard about these brand names; HTC, Asus, Acer? Of course, I'm sure you've heard because they are one of prospective Taiwanese IT brands! Taiwan's technologies in high-tech industry have been on track of international trend. Currently, Taiwan has the highest industrial cluster density. Taiwan's IT competiveness mainly relies on superior high-tech infrastructure and R&D talents. Taiwan has become the global supply base for high-tech products. Taiwan's industrial cluster development ranks number one in the world in WEF's "World Competitiveness Report 2008-2009".

Furthermore, with strong OEM/ODM capabilities, Taiwan companies have been the important partners of global brand names. Along with the increase of overseas investment, the proportion of overseas production to order received has also increased. According to the statistics of the Industrial Technology Research Institute, more than 20 Taiwan high-tech products rank top three in the world, including circuit wafer DEM, LCD and DRAM, etc. Many of these products have more than 50% of global market share. Like this, Taiwan has played a key role in the international supply chain. Since 1980s, Taiwanese ODM/OEM has established good cooperation relationships with well-known European and American brands, and is also a key part in the international supply chain in the high-tech industry. According to the statistics released by the Institute for Information Industry in 2008, Taiwan's products made up 85% and 80% for the installed Windows PC related products and network communication equipment in the global market respectively.

For more information about the investment climate in Taiwan, you can visit Taiwan Review and Invest in Taiwan. They have abundant up-to-date information relating to investing in Taiwan.

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