What are the documents required for the application of Medium and Long-Term Import Credit?
1. Application form
2. Copies of the purchase contract or purchase order
3. Business plan
4. General information of the foreign supplier and import machinery or technology
5. Copies of the income tax return of the applicant in the last three years (or audited financial report), company registration, factory registration certificate, list of major shareholders and list of board members
What is the tenor of the Medium and Long-Term Import Credit?
For the import of foreign precision instruments, equipment, or technology, the tenor of financing shall not exceed ten years from the date of shipment. The tenor of financing for other raw material or spare parts shall not exceed three years.
For import of precision instruments, equipment, or foreign technology, the credit amount shall not exceed 85 percent of the total import value.
What are the eligible products of the Medium and Long-Term Import Credit?
The eligible products of the Medium and Long-Term Import Credit are as follows:
1.Foreign precision instruments or equipment
2.Import of foreign technology
3.Industrial raw material
4.Raw material, machinery parts, or spare parts manufactured for export
What are the applicant qualifications?
Duly registered manufacturers, engineering companies, or trading companies in Taiwan.