Taiwan

Taiwan has a dynamic capitalist economy with gradually decreasing government guidance of investment and foreign trade. Exports, led by electronics, machinery, and petrochemicals have provided the primary impetus for economic development. This heavy dependence on exports exposes the economy to fluctuations in world demand. The island runs a large overall trade surplus largely because of its surplus with China, and its foreign reserves are the world's sixth largest, behind China, Japan, Saudi Arabia, Russia, and Switzerland.

In 2006 China overtook the US to become Taiwan's second-largest source of imports after Japan. China is also the island's number one destination for foreign direct investment. Taiwan since 2009 has gradually loosened rules governing Chinese investment on the island, and has also secured greater market access for its investors in the mainland.

In August 2012, Taiwan Central Bank signed a memorandum of understanding on cross-Strait currency settlement with its Chinese counterpart. The MOU allows for the direct settlement of Chinese RMB and the New Taiwan dollar across the Strait, which could help develop Taiwan into a local RMB hub.

Our team has the capability to advise clients in relation to inbound and outbound trade, investment and commercial transactions in Taiwan, as well as on Taiwan Depository Receipts (TDRs), dual and secondary listings on the Singapore Exchange (SGX), incorporation of listed companies and regulatory compliance, and the issuance of financial instruments.

Our ASEAN Plus Group firm, Lee and Li Attorneys-at-Law, has a rich history dating back to the 1940s. They have 60 partners and 396 fee earnes and is the largest law firm in Taiwan thanks to decades of endeavors and foundations laid by their predecessors. With an abundance of expertise in all legal areas and the goal of providing a full range of services, the firm has been steadfast in its commitment to the quality of services to clients and the country.