Q01
If the SME financing loan is approved, which bank will approve the loan?
A01
Taipei Fubon Bank
Q02
If I want to submit the R&D Subsidy or Brand Subsidy application, how many years should my company have been established?
A02
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.
Q03
What is the maximum subsidy amount for career training programs under the Self-Governance Ordinance??
A03
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.
Q04
Any limitation on the initial date of the project?
A04
The initial date of the project should not be earlier than the date of submitting an application.
Q05
I want to set a booth in the department store. Can I apply grant for booth as venue rental?
A05
Venue rental grant is for the rent of event area which is set for the project. Long-term booth rent is not included in.
Q06
Do we need to submit an auditing and attestation of a financial report at closeout step?
A06
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.
Q07
Can an internal employee of the company serve as a consultant for the Taipei City Industrial Development Incentive Subsidy Program application?
A07
No, consultants must be outsourced manpower.
Q08
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?
A08
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.
Q09
Is there a minimum capital restriction for establishing a company in Taiwan?
A09
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.
Q10
Are foreign subsidiaries qualify to apply for SITI?
A10
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.
