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Chapter Law Content

Chapter Four Requirements, Procedures, and Administration of Residency
Article 15
Park Enterprises shall be the companies limited by shares or their branch offices organized in accordance with the Company Law or foreign companies with equivalent forms acknowledged by the government of the Republic of China,and shall meet any of the following requirements:
1. The enrolled Park Enterprises shall embody the capability of researching and developing agricultural technology and undergoing integrated product development plans;
2. The enrolled Park Enterprises shall bring in and cultivate agricultural technology professionals with the nationality of the Republic of China in the process of production or research and development;
3. The enrolled Park Enterprises shall establish a research and development department engaged in the research and development of agricultural technology and the investment of research and development shall remain a significant portion of the total combined sales of the company and shall have certain research equipment and facilities;
4. The products of agricultural technology shall have potentiality for prospective development and innovation;
5. Relevant agricultural technology researched, developed or applied has been patented domestically or overseas; or
6. The operation of the enrolled Park Enterprises shall be in coordination with domestic agricultural policies and development and shall contribute significantly to domestic economic or agricultural development.
Those Park Enterprises that are not any of the company organizations set forth in the preceding paragraph shall complete the company or affiliate registrations with the Administration within six (6) months from the day of approval.
Article 16
Park Enterprises, incubation centers, and research institutions shall fill out the application forms and attach the business plans and other required documents and file the application of residency with the Administration.The Administration shall notify the applicants of the evaluation results within three (3) months upon receipt of the applications.
The required documents referred to in the preceding paragraph shall be prescribed by the competent authority.
The business plans referred to in Paragraph 1 hereof shall contain the business items, outline of the core technology, and other items prescribed by the competent authority.
Where there are any changes in the business items or the outline of the core technology, the Park Enterprises, incubation centers, or research institutions shall report such changes to the Administration for approval.
If the documents or items contained thereof submitted by the Park Enterprises,incubation centers, or research institutions in accordance with Paragraph 1 hereof are deemed incomplete, the Administration shall describe the reasons and determine a deadline for rectification. With those that fail to rectify within the deadline or make incomplete rectification, the Administration shall reject the applications.
Article 17
Park Enterprises shall pay surety pursuant to the regulations prescribed by the Administration within two (2) months from the day of approval for residency in order to ensure the implementation of the business plans.
If, after three (3) years from the day of approval for residency and according to the review conducted by the Administration, the Park Enterprises fail to operate in accordance with the business plans, the surety referred to in the preceding paragraph may not be refundable. The surety shall be refunded, with no interest, to those that operate in accordance with the business plans.
Park Enterprises that fail to implement the business plans within the prescribed deadline specified in the preceding paragraph due to a justifiable reason may apply to the Administration for a deferral. Those passing the review conducted by the Administration and obtaining its approval may defer the deadline for three (3) years, and may defer the deadline once again if necessary. The total period of the prescribed deadline shall not exceed nine (9) years.
Article 18
The regulations of the following affairs shall be stipulated by the competent authority:
1. The establishment of Living service businesses and research institutions;
2. Deadlines for the Park Enterprises, incubation centers, and research institutions to start the implementation of the business plans;
3. Approval of extension;
4. Changes;
5. The amount of surety the Park Enterprises shall pay; and
6. Other relevant administrative affairs.
Article 19
With regard to those Park Enterprises that fail to complete the company or affiliate registrations in accordance with Article 15, Paragraph 2 hereof, or fail to pay the surety in accordance with Article 17, Paragraph 1 hereof, the Administration shall revoke the approval of residency.
With regard to those Park Enterprises, incubation centers and research institutions that fail to start the implementation of the business plans within the prescribed deadline or fail to implement in accordance with the business plans, the Administration shall revoke the approval of residency.
The Administration shall order those whose approval is revoked to move out of the Park.