Taiwan - Foreign Exchange ControlsForeign Exchange Controls
Taiwan imposes no foreign exchange (FX) controls on trade, insurance, and authorized investment transactions. Similarly, it does not restrict the repatriation of capital and profits related to direct or portfolio investment, provided that such investment has been permitted or approved by the Taiwan authorities.
Inward and outward remittances not involving any exchange of New Taiwan Dollars (NTD) for foreign currency are permitted. Remittances involving an exchange of NTD and foreign currency to or from overseas are limited to NT$5 million ($162,022). For inward or outward remittances involving business firms, remittances are subject to an annual ceiling of NT$50 million ($1,620,220) per account if they involve an exchange of NTD and foreign currency. Any remittance above these amounts for firms or individuals requires approval from the Taiwan authorities.
Any single transaction of less than NT$100,000 ($3,240) by a non-resident may proceed directly through authorized banks. However, there is a reporting requirement for any foreign transaction involving NTD that exceeds NT$500,000 (approx. US$16,100). Once registered on the Taiwan Stock Exchange Corporation, foreign investors are free to choose any authorized foreign exchange bank to conduct foreign exchange transactions. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
Inward and outward remittances not involving any exchange of New Taiwan Dollars (NTD) for foreign currency are permitted. Remittances involving an exchange of NTD and foreign currency to or from overseas are limited to NT$5 million ($162,022). For inward or outward remittances involving business firms, remittances are subject to an annual ceiling of NT$50 million ($1,620,220) per account if they involve an exchange of NTD and foreign currency. Any remittance above these amounts for firms or individuals requires approval from the Taiwan authorities.
Any single transaction of less than NT$100,000 ($3,240) by a non-resident may proceed directly through authorized banks. However, there is a reporting requirement for any foreign transaction involving NTD that exceeds NT$500,000 (approx. US$16,100). Once registered on the Taiwan Stock Exchange Corporation, foreign investors are free to choose any authorized foreign exchange bank to conduct foreign exchange transactions. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.