Laws Information

法規資訊
Title: Regulation for the Organization and Administration of Agricultural Technology Parks
Am Date: 2014-08-07
Legislative History: Amendment to Articles 15, 17 promulgated on August 7, 2014.

Transaction

Amended

Article 15
he Park enterprises, incubation centers, and research institutions shall commence the implementation of the business plans within six (6) months from the next day after their residency has been approved. If they fail to comply after the prescribed deadline, the Administration may revoke the approval of their residency.
The commencement of the implementation of the business plans as referred to in the preceding paragraph shall mean the situation where the Park Enterprises, incubation centers, and research institutions have applied to the Administration for approval to construct their own factory buildings or to rent factory buildings or business premises on the leased land, and the construction or the renting process has been completed, after their residency  has been approved.
With regard to the duration prescribed in Paragraph 1 hereof, those with justified causes may apply to the Administration for an extension of no longer than three (3) months.
Park enterprises that have rented business premises shall apply to the Administration for approval to construct their own factory buildings or to rent factory buildings on the leased land, and the construction or the renting process shall be completed within three years from the next day after their residency has been approved.

Article 17
Park enterprises that have been granted residency shall post a surety bond , within two (2) months from the next day after their residency has been approved.The amount shall be calculated at the rate of 3?of the total approved capital and shall not be lower than NT$100,000.The payment shall be made in cash, promissory notes or checks issued by financial institutions, certified checks, postal money orders, pledged certificates of deposit by financial institutions, or government bonds.
If the resident enterprises fail to complete the company or branch office registration pursuant to Paragraph 2, Article 15 of the Act or fail to pay the surety bond as prescribed in the preceding paragraph, the Administration shall revoke the approval of their residency; for those who do not rent  land, factory buildings or business premises and who have posted the surety bond, the surety bond shall be refunded with no interest. However, with justified causes, applications to the Administration for an extension of no longer than three (3) months may be granted.
Any Park Enterprises with the Park Enterprise Registration License for less than a year that require further expansion due to business needs shall post a surety bond of 3?of the total approved capital increase.