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Doing Business in Taiwan

Doing Business in Taiwan. 精英、精隼、精明. Lucille Wu IMC Group - President. Taiwan – Taipei, Hsinchu, Taichung, Kaohsiung China – Shanghai, Beijing, Tianjin. Impression of Taiwan. Delicious food Building Medical Landscape Culture Freedom and democracy Traffic ……………………….

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Doing Business in Taiwan

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  1. Doing Business in Taiwan 精英、精隼、精明 Lucille Wu IMC Group - President Taiwan – Taipei,Hsinchu,Taichung, Kaohsiung China –Shanghai,Beijing, Tianjin

  2. Impression of Taiwan • Delicious food • Building • Medical • Landscape • Culture • Freedom and democracy • Traffic • ………………………. (Source；Ministry of the Interior, R.O.C. )

  3. Agenda • Business Environment • The Economy & Foreign Investment • Opportunities for SMEs or Large Enterprises • Talent Characteristics • What You Should Know

  4. Business Environment

  5. Extensive Infrastructure (Source； Ministry of Economic Affairs, R.O.C.)

  6. A Day of Business Circle (Source； Ministry of Economic Affairs, R.O.C.)

  7. Taiwan, a safe & friendly place to live • Taiwanese people are extremely nice. • My family feels safe in Taiwan. • Taiwan is an easy country to live in. • Taiwan provides quality Health/Medical/Dental services. • Alternative transportation options are usable (i.e., buses, bike lanes, taxis, trains,sidewalks). • Taiwan provides adequate shopping opportunities. • Taiwan delivers reliable electricity. • Mobile telephone coverage is excellent. • The postal service is excellent. (Source； AmCham-2014 Business Climate Survey)

  8. The Economyand Foreign Investment

  9. GDP growth rate (%) Economy is steadily growing. (Source；Chung-Hua Institution for Economic Research)

  10. Unemployment rates The employment market is getting better and better. (%) (Source； Directorate-General of Budget , Accounting and Statistics, Executive Yuan , R.O.C)

  11. Foreign Investments in Taiwan Approved Foreign Investment (USD$, thousands) (Source； Investment Commission, MOEA)

  12. Opportunities for SMEs or Large Enterprises

  13. Organization Forms of Enterprises Units: enterprises ;% (Sources: 1. Ministry of Finance Tax Data Center, VAT Data for 2011、 2012)

  14. Industry of Foreign Investment and SMEs' Sales Distribution Industry of Foreign Investment SMEs’ Sales Distribution (Source； Ministry of Finance Tax Data Center, VAT Data for 2012) (Source； Investment Commission, MOEA)

  15. Talent Characteristics

  16. Clients’ feedback on Taiwanese Candidates • 100% of knowledge but can only express 70% verbally • LimitedEnglish ability, Technical candidates in particular • Willing to do their best on work • Not very good at managing their boss • Concerns family a lot, put family first

  17. Quality of Taiwanese Candidates Good Qualities Need Improvement (Source； AmCham-2014 Business Climate Survey)

  18. Environment of Developing Talents Attend higher level of manager meetings Give projects beyond their current responsibilities Talent Development Engage in oversea activities Be there, provide support to success

  19. What You Should Know

  20. Impact Factors • Governmental bureaucracy/structure • Inconsistency of exercising the laws • Quick changes in local demand • Inadequate/out-dated laws (Source； AmCham-2014 Business Climate Survey)

  21. Local Cultures • Importance of Face & Dignity • "Guanxi,“ the connections and relationships • Communicationcomes with body languages • Unorganized meeting schedules • A custom of Multitasking • Very conservative • Slow on decision making

  22. Thank You 精英、精隼、精明 Your Business Partner in Human Capital Taiwan – Taipei,Hsinchu,Taichung, Kaohsiung China – Shanghai,Beijing, Tianjin Lucille Wu, +886 2 2578 2420, lucille.wu@jobnet.com.tw

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