Taiwan law rejig makes foreigners welcome

The Taiwanese parliament has passed a new law to make cross-border mergers and acquisitions involving local companies much easier

The law is part of a broader package of corporate reforms designed to encourage foreign participation in the Taiwanese economy as the government fights to attract foreign direct investors in the face of intense regional competition.
Previously, if foreign investors wished to acquire or merge with local companies, the Taiwanese business had to go through complex restructuring offshore and delisting in Taiwan. Now M&A can be funded by share swaps. The legislation also brings new tax incentives, but Taiwanese law experts are unclear on how effective they will be.
Foreign law firms can only operate in Taiwan as legal consultants and those with a presence on the island tend to be US firms.