Ministry relaxes investment subsidy regulations

By Huang Chin-hsuan / Staff reporter Add TT as Preferred Source The Ministry of Foreign Affairs has amended its regulations on investment subsidies for businesses investing in countries with which Taiwan has diplomatic relations, raising the maximum subsidy to NT$60 million (US$1.9 million) to encourage investment in diplomatic allies.The ministry has previously amended the regulations on investment subsidies for businesses investing in countries with which Taiwan maintains diplomatic relations, with the aim of encouraging investment in those countries, creating jobs, raising incomes, promoting economic and social development, and strengthening Taiwan’s economic, trade and diplomatic ties with its allies.To make the subsidy system more flexible and to better address the diverse needs of bu