Taiwan is a stable, vibrant democracy with a free press and independent judiciary, and there is a large British business presence in Taiwan. One of Asia’s “Four Tigers”, along with South Korea, Singapore and Hong Kong, Taiwan has transformed itself through decades of hard work into a well-industrialised and mature capitalist economy. From being an underdeveloped, agriculture-based island, Taiwan has grown to be a dynamic world-class leader in technology.
British businesses are highly visible in the Taiwanese domestic market, and trade links with Europe continue to grow. There is a substantial market for infrastructure consultancy and products, financial services, high-value manufacturer supply chain, chemicals and a growing demand for creative industries and for green technology and services. This is a sophisticated market for consumer goods, particularly for international designer labels.
Benefits for UK businesses exporting to Taiwan include the liberalisation of banking, insurance and securities sectors, it is a major platform for business with China and an offshore centre for the Renminbi (RMB) – China’s official currency, it has a sound legal environment with comprehensive protection of Intellectual Property Rights (IPR), and there are high levels of consumer disposable income.
About this guide
This guide aims to provide a route map of the way ahead, together with signposts to other sources of help.
The main objective of this Doing Business in Taiwan Guide is to provide you with basic knowledge about Taiwan; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural and language issues.
We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point. Further assistance is available from the Department for International Trade (DIT) team in Taiwan. Full contact details are available in this guide.
To help your business succeed in Taiwan we have carefully selected a variety of essential service providers as ‘Market Experts’ Click Here.
The guide is available in 4 formats:
a ‘free’ downloadable 'mobile device-friendly’ app – available from the iTunes App Store and Google Play store
a full colour hard-copy brochure (to order your copy please Click Here)
PDF download/e-flipbook (available to download below)
An introduction to the Institute of Export & International Trade
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