In order to boost investment, the Taiwan government has established not only generalpurpose commercial and industrial zones but also special-purpose zones that can meet changing business needs. At present there are 237 industrial parks, ten technology industrial parks, three science parks, three agricultural technology parks, four environmental science and technology parks, and seven free trade zones. All provide excellent, low-cost business environments. To develop an industrial park or other type of park, an environmental impact assessment is first conducted, allowing enterprises that occupy the park to reduce environmental protection costs. Such parks also provide ready-made basic infrastructure, fast and convenient administrative services, and incentive measures (see the Benefits and Incentives to Attract Investors section), and as a consequence they have become the first choice of location for foreign and domestic firms that are setting up factories, R&D centers, or operations headquarters in Taiwan.
| Types of Industrial Parks | Descriptions |
|---|---|
| Industrial Parks | Industrial Parks are the fundamental for Taiwan industrial development and the path to economic growth success, which provides manufacturers with sufficient lands, avoiding the disturbances from the surrounding environment, boosting local economic development with industrial clusters economic effect and creating high add value production environment. |
| Export Processing Zones | Have centralized administration, simplified and efficient system; play an important role in national economic development; provide great contributions to the accumulation of Taiwan's foreign exchange reserves and introduction of technologies. |
| Science Parks | Locations for development of high-tech industries; endeavor to create sound environment for quality R&D, production, work and leisure activities; promote Taiwan industry upgrade. |
| Agricultural Biotechnology Parks | Intended for the development of agricultural technologies; introduction of talents of agricultural technologies; creation of industrial clusters of agricultural technologies; promotion of transformation of agricultural industry; advancement of product R&D, innovation, cultivation, production and marketing capabilities; assurance of sustainable operations of the agricultural industry. |
| Environmental Science and Technology Parks | Intended for the prevention, improvement, or solutions for current environmental threats; provision of sufficient energy and resources to sustain living environment; creation of environment friendly society to assure the sustainability of energy and resources. |
| Free Trade Ports | Intended for the development of global logistics and operations management; promotion of trade liberalization and internationalization; increase of national competitiveness and improvement of national economy. |
To create clustering effects and improve regional development, most of the operating locations in Taiwan, including industrial parks, export processing zones, science parks, free trade ports, agricultural biotechnology parks and environmental protection parks provide ready-made basic infrastructure, fast and convenient administrative services, and incentive measures, and as a consequence they have become the first choice of location for foreign and domestic firms that are setting up factories, R&D centers or operations headquarters in Taiwan.
For detailed information, please refer to BRAVO! TAIWAN--YOUR BEST INVESTMENT CHOICE.
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