| Title： |
Regulations for Verification of Investment by Overseas Chinese and Foreign Nationals(2002.12.02) |
| Date： |
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Article 3
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The competent authority in charge of examining the forms of investment shall verify the investment amount in accordance with the following
1.If an investor purchases New Taiwan Dollars (“NTD”) to fund an investment, the amount of the investment shall be verified after deducting any commissions and other related charges.
2.If an investor purchases NTD to fund its operation capital, the amount of the investment shall be calculated after deducting any commissions and other related charges.
3.Upon approval, an investor can fund the investment with investor’s original currency remit via wire transfer. Funding the investment this way means that the investment amount would be verified as the amount of the incoming transfer in NTD calculated according to the foreign exchange rate of the beneficiary bank at the time of remitting inwards.
4.If an investor uses its original currency to buy shares of companies in Taiwan or to acquire shares from shareholders that had acquired their stock ownership in NTD, the amount of the investment shall be verified in NTD after deducting any commissions and other related charges
5.If an investor uses patent rights, trademark rights, copyright, professional technical skills or other intellectual property rights as investment capital, the amount of the investment shall be verified as the worth or value of such legal rights at the grant of investment approval.
6.If an investor uses equipment or raw material as investment capital, the investment amount shall be determined as the F.O.B. price of such equipment and material at the customs in NTD calculated in accordance with the exchange rate on the date of import.
7.If an investor uses NTD to purchase equipment and raw materials in Taiwan, the amount of investment shall be verified as the actual dollar amount for the purchase by invoices.
8.If the investment is capitalized through mergers, acquisitions or stock divisions, the amount of investment shall be verified as the dollar amount set forth at time of investment approval.
9.If the investment is funded the credit through reorganization, the amount of investment shall be verified as the dollar amount set forth at time of investment approval.
For investors using other than the above-mentioned forms of investment, which are authorized by other competent authority, the amount of investment shall be verified in accordance with the standards set forth by the competent authority.
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Article 11
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Investors capitalizing investments through mergers, acquisitions, and stock divisions shall provide the competent authority with the following documents for verification:
1.One (1) original and two (2) photographic copies of the application for investment verification .
2.The invested business or its preparatory office shall provide one (1) original copy of proof showing investors have undertaken steps to capitalize the investment.
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Article 12
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Investors capitalizing with the credit through reorganization shall provide the competent authority with the following documents for verification:
1.One (1) original and two (2) photographic copies of the application for investment verification .
2.Invested business or its preparatory office shall provide one (1) original copy of proof showing investors have undertaken steps to capitalize investment.
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Article 13
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Investors transferring ownership in shares of the invested business to other overseas Chinese or foreign nationals with the transaction being completed outside of Taiwan, and with no capital flowing into Taiwan, shall not be required to file such an application for verification.
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Article 14
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This Regulations becomes effective on the date of promulgation.
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