50% of the middle class are self-employed in an Taiwan enterprise… store, trade office, or light industrial factory… making Taiwan a more dynamic environment for business. Wages are not so cheap anymore but the average worker is probably more proficient than their China counterparts at $100 monthly. It is provided for that “foreign labor” can be imported, but I don’t know much about this.
Running a business is not like in Korea but the ROC bureaucracy is typically Chinese in character: Slow moving.
The general business environment is favorable and taxes are on a territorial basis. If it is made in Taiwan, it is taxed in Taiwan.
Corporate rates, however, are not so similiar to Hong Kong’s business friendly rates like 16%. So, there are disadvantages of Taiwan, too. Some will like Sinapore instead but then Southeast Asia is not so industrious by nature. So Taiwan has some advantages like being more “foreigner friendly”.
Hong Kong only requires a $50,000 investment for a residency visa leading to “Permanent Abode” status after 7 years. And Shenzhen has similar investment requirements but no “permanent residency” options like in Taiwan. Taiwan law still does allow for the “treaty-investor” which confers the “Alien Resident Card”. After so many years, you are in legal theory eligible for ROC nationality. Talk to Richard Hartzell if you have similiar questions.