The establishment, mergers and acquisition, segmentation, cash injection, capital decrease, factory expansion, divestiture, transfer of investment to tax area, establishment of branch in tax area and change of investment plan of business in the Park shall be applied to the Bureau of Industrial Parks, Ministry of Economic Affairs (hereinafter referred to as the “Bureau”) or branches, attaching the application form and relevant documents. Format and number of copies of application form in the previous paragraph required are determined by the Bureau.

The branches should draft the preliminary opinions regarding applications of establishment, mergers and acquisition, segmentation, cash injection, capital decrease, factory expansion, and change of investment plan of business in the Park to the Bureau within one week, except for cases which should be approved by the Bureau or branches. The Bureau shall grant the approval within one month and inform the applicant of approved contents and the items that should be attended to.

As soon as business establishment is approved, the business entity should apply to the Bureau or branches for company registration or commerce registration in accordance with relevant provisions.
If there is any change, dissolution, or shutdown that occurred to the aforementioned registration, the application of change, dissolution, or shutdown should be handled within fifteen days starting from the date of occurrence.
When the Bureau or branches handles the company registration or commerce registration, one copy of the documents should be sent to the local Tax Administration. Additionally the Bureau or branches should announce the registration items after approval is granted.

Once the establishment, mergers and acquisition, segmentation, cash injection of business entity is approved, the plan should be completed within two years starting from the approved date of the investment plan. If the plan is unable to start or complete owing to actual difficulties, the business entity may apply to the Bureau or branches for postponement before the deadline.

Once the business entity is approved to establish a branch within the technology industrial park (hereinafter referred to as the “Park”), its accounting title, ledgers, evidence, and report should be separated. Additionally its sale amount should be reported to the local Tax Administration.

If the business intends to move to non-bonded area, re-invest in the non-bonded area, or establish branches in the non-bonded area, it should be handled by relevant provisions of the Statute and Company Law or Commerce Registration Law.