Focus Taiwan
Date: 2017/12/18
By: Liao Yu-yang and Frances Huang

Taipei, Dec. 18 (CNA) Rules on how the Small- and Medium-sized Enterprises Credit

CNA file photo

Guarantee Fund provides loan guarantee have been eased to make it easier for local investment overseas under the government’s New Southbound Policy, the Ministry of Economic Affairs (MOEA) said Monday.

Starting with immediate effect, local small- and medium-sized enterprises (SMEs) are eligible to apply for a guarantee from the SME Credit Guarantee Fund when they are planning to raise investment in their overseas subsidiaries in which they own a 20 percent stake, as long as the units are located in 18 countries targeted by the New Southbound Policy and the applicants present documents to show that the investment is critical to their operations.

Before the rules were revised, the threshold stood at 50 percent. The eased rules mean local smaller investors can more easily obtain funds for their investment in the 18 countries under the New Southbound Policy.    [FULL  STORY]