Q01
If I want to submit the R&D Subsidy or Brand Subsidy application, how many years should my company have been established?
A01
A company should be established over one year and has sales income on 401 tax report or has increased company capital in the past one year.
Q02
What is the maximum subsidy amount for career training programs under the Self-Governance Ordinance??
A02
The maximum subsidy for labor career training is NT$800 thousand; however, the career training subsidy may be increased to a maximum of NT$1 million for enterprises with the recommendation of Taipei City public career institutes, and enterprises that have increased the employment of middle-aged unemployed workers to a total of 1% of that of the original employees.
Q03
Any limitation on the initial date of the project?
A03
The initial date of the project should not be earlier than the date of submitting an application.
Q04
I want to set a booth in the department store. Can I apply grant for booth as venue rental?
A04
Venue rental grant is for the rent of event area which is set for the project. Long-term booth rent is not included in.
Q05
Do we need to submit an auditing and attestation of a financial report at closeout step?
A05
The subsidy recipient needs to provide an auditing and attestation of a financial report by a certified public accountant (CPA) or chartered accountant (CA) when claiming the balance of subsidy.
Q06
Can an internal employee of the company serve as a consultant for the Taipei City Industrial Development Incentive Subsidy Program application?
A06
No, consultants must be outsourced manpower.
Q07
How is an enterprise that has been in operation for at least one year defined according to the Taipei City Small and Medium Enterprise Loan Program regulation Third?
A07
An enterprise is considered to have been in operation for at least one year if it has issued its first invoice or has been continuously paying business tax for one year prior to the application date for the loan.
Q08
Is there a minimum capital restriction for establishing a company in Taiwan?
A08
No, there is no minimum capital requirement for setting up a company in Taiwan. However, if you wish to apply for a work permit as a foreign manager, the company's paid-in capital or operational funds in Taiwan must be at least 500,000 NT dollars or more.
Q09
Are foreign subsidiaries qualify to apply for SITI?
A09
NO, foreign subsidiaries are not qualify for application, but foreign branches are qualify to apply for R&D Subsidy, Branding Subsidy, Incubation Subsidy and Investment incentives.
Q10
What is the maximum length of time for a work permit that may be applied for a foreigner hired to work in Taiwan? Is there a maximum number of applications?
A10
The maximum length of time for each work permit is 3 years for a foreign professional, which may be extended by application at the end of the employment; there is no limit to the number of extensions.
