Taiwan (TW)

Jurisdiction Overview

IDQuestionAnswer
418 *Freeports: Are freeports/free trade zones/foreign trade zones/bonded warehouses promoted as places to store valuable assets (e.g. gold bullion, art, precious stones, jewelry, cash, antiquities, wines, cigars, cars)? Yes
 Data Date: 2019

Notes

 
Taiwan operates free zones and bonded facilities in its territory. In 2019, Taiwan's Ministry of Finance reports being aware that freeports/free trade zones/foreign trade zones/bonded warehouses are promoted as places to store valuable assets (TJN-Survey 2019). Indeed, private actors where found to promote the use of bonded facilities for the storage of high value assets.

Sources

http://investtaiwan.nat.gov.tw/showPage?lang=eng&search=248
 
http://www.ctwl.com.tw/en/service-01.asp?nnd=10&mmss=1
 
https://www.yusen-logistics.com/en/east-asia/taiwan/local-services/en
 
https://www.twport.com.tw/en/cp.aspx?n=EBDBF69D3C43FCBE
 
TJN-Survey 2019