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Taiwan relaxes foreign investment rules

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Taiwan relaxes foreign investment rules

Taiwan eased rules to simplify the process for investments by foreign and Chinese nationals, the Taipei Times reported Jan. 4.

The Taiwan Cabinet approved amendments to laws on investments by foreign and Chinese nationals, allowing investors to report ordinary mergers and startups after making such investments. The rules require entities to apply in advance for investments that exceed US$1 million or involve a certain amount of shares, said Investment Commission Executive Secretary Emile Chang.

The draft amendments would also introduce new fines and penalties on illegal investments.