Ease of Doing Business Reforms (EoDB) Print Share

   To evaluate the business-related legal system and administration effectiveness of various economies, the World Bank has issued 13 annual Doing Business reports from 2003 to 2015 in which the results of the Ease of Doing Business (EoDB) survey are announced. Due to the high level of professionalism and objectivity of the survey contents and ratings, the EoDB has become the basis for business environment reforms in various economies (such as Singapore, the ROK and Malaysia) and international economic organizations (such as the OECD, APEC) and is also important data cited by other international competition rating organizations (such as the WEF and IMD.)

     From October, 2008 the NDC has taken Doing Business as the basis for business environment reforms and, as of October, 2015 has implemented 7 years of reforms. The overall ranking of Taiwan has risen from 61st in 2008 to 46th in 2009, 33rd in 2010, 25th in 2011, 16th in 2012, 16th in 2013, 19th in 2014 and 11th in 2015 ; in seven years of reform the ranking of Taiwan rose by an impressive 50 places.

     The main contents of seven years of business environment reforms are outlined below:

• 1st year of business environment reforms (2008/09)

     The process for applying for additional Labor Insurance and National Health Insurance was simplified, Company Law was amended and the minimum capital requirement for setting up a company was abolished, the unified license –issuing system for profit-making enterprises was abolished, the Main Points for Work Rule Examination were revised to clearly state examination time, and online reporting and payment of enterprise business tax promoted.
• 2nd year of business environment reforms (2009/10)

     The company registration administrative process was shortened, the National Health Insurance Act Enforcement Rules amended to clearly state the time that insurance becomes effective, then Main Points for Work Rule Examination revised and a work rule model example and examination time added, amended the Deed Tax Act’s reporting standards for unified deed tax reporting, and amended the Tax Law by lowering the profit-seeking enterprise income tax rate. 

• 3rd year of business environment reforms (2010/11)

      Completed the establishment of a Company and Business One-stop Service Request website and assisted Taipei City Government establish the One-stop Counter for Building Permit center, simplified acquisition power application process and time, and made profit-seeking enterprise income tax payment more convenient.

• 4th year of business environment reforms (2011/12)

      Assisted Taipei City Government to expand the One-stop Counter for Building Permit center into One-Stop Counter for Building Permit (For Factories, Warehouses, or Office Building of Five Stories or Lower)” (herein “the counter”), amended Company Law and the Securities Transaction Act and other laws and regulations to protect investors, and established an enterprise financial account online tax withholding system. 

• 5th year of business environment reforms (2012/13)

     The Accountant Capital Check Online Certification function was added to the One-stop Shop Online Website, the counter process merged and the Customs Tariff Act was amended by adding a legal basis for the CPT Single Window.

• 6th year of business environment reforms (2013/14)

     The One-stop Shop Online Website became completely paper-free, the counter process was simplified, the various land administration offices of Taipei City Government were assisted in establishing an integrated real estate registration and tax payment single window and the establishment of Chinese-English website, the Nationwide Property Secured Transactions Public Inquiry Website was established, the Enforcement Rules of the Personal Property Secured Transactions Act were loosened, allowing general description registration by the party involved, and the Joint Credit Information Center data bank source was strengthened (expanded to include the finance and leasing industry, car installment payment industry, public utility and fiscal and tax and other information.)

• 7th year of business environment reforms (2014/15)

   Simplified the procedures of the One-Stop Counter for Building Permits (For Factories, Warehouses and Office Buildings of Five Stories or Lower); reduced the procedure for Completion of the External Connection Work to get electricity; completed the establishment of the Property Secured Transaction Online Registration and Public Inquiry website.