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Taiwan
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Taiwan

East Asia · Taipei · TWD (New Taiwan Dollar)

GDP
$801.50B
nominal, USD
GDP growth
4.6%
real, annual
Inflation
2.2%
annual
Market cap
$3.02T
total listed, USD

Economy & industry overview

Taiwan is a high-income export-oriented economy in East Asia, classified by the IMF among advanced economies. It is the world's dominant producer of advanced semiconductors and integrated circuits, home to globally critical companies such as Taiwan Semiconductor Manufacturing Company. The economy grew by approximately 4.6 percent in real terms in 2024, driven by strong demand for AI-related chips, high-performance computing hardware, and electronics exports. Key industries include semiconductors, electronics manufacturing, information and communications technology, petrochemicals, machinery, and financial services. Taiwan's stock market ranks among the largest in Asia and globally by total market capitalization.

Key sectors

Semiconductors · Integrated CircuitsElectronics · Contract ManufacturingInformation Technology · HardwareFinancial Services · Banking and InsurancePetrochemicals · PlasticsTelecommunicationsMachinery · Industrial EquipmentShipping · Logistics
Learn everything about Taiwan →

Macro

GDP nominal, USD$801.50B
GDP growth real, annual4.6%
Inflation annual2.2%
Population people23.4M
GDP per capita USD$34,252
Market cap total listed, USD$3.02T
Market cap / GDP376.9%
Unemployment3.4%
Listed companies1,045
ExchangeTaiwan Stock Exchange Corporation (TWSE)

Primary data year: 2024. Sources: IMF World Economic Outlook (April 2026), Taiwan Stock Exchange Corporation (TWSE) Fact Book 2025, Taiwan Directorate-General of Budget, Accounting and Statistics (DGBAS), Baker McKenzie Cross-Border Listings Guide (February 2026), Taipei Times, BTI Project Taiwan Country Report 2026, US State Department 2025 Investment Climate Statements: Taiwan, Wikipedia Economy of Taiwan, FocusEconomics Taiwan, Worldometers Taiwan GDP, MSCI Index Factsheets. Individual figures may cover different reference periods — for example a fiscal year, or an estimate for the current year — and the overview above states these where known.

Other East Asia markets

Largest listed companies

The biggest companies on the main local exchange, by market capitalisation. Where a foreign company holds a secondary listing here, it is shown after the domestic companies.

# Company Sector Market capUSD US listing

US-traded ETFs

Funds listed in the US that give exposure to this market, the simplest route for many US investors.

ETF Scope Expense ratioannual % Exposure% of fund

Local exchange & access

ExchangeTaiwan Stock Exchange Corporation
CodeTWSE
Websitewww.twse.com.tw
CurrencyTWD

Local broker access

Foreign investors can access Taiwan-listed equities through international brokers that provide market access to the TWSE, including Interactive Brokers and other global platforms with Asia-Pacific coverage. Direct retail investment by foreign individuals on the TWSE requires registration with the Taiwan Depository and Clearing Corporation and obtaining a securities investment account, which most international retail investors access indirectly via US-listed ETFs such as EWT or FLTW. US-listed ADRs for major companies such as TSMC (TSM) and ASE Technology (ASX) also provide direct single-stock exposure. Taiwan imposes a securities transaction tax of 0.3 percent on stock sales and no capital gains tax on listed securities for most investors.

Global brokers with foreign-market access

Listed for convenience only. Not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.

Relocation & residency

Investment visa / residency programme

Grants Temporary residency (renewable, with path to permanent residency)

Taiwan does not operate a formal golden visa or citizenship-by-investment programme in the conventional sense. However, Taiwan's Foreign Talent Retention Act (Act for the Recruitment and Employment of Foreign Professionals) provides pathways for highly skilled foreign professionals, entrepreneurs, and investors to obtain Employment Gold Cards, which combine a work permit, residence permit, and re-entry permit into a single document valid for one to three years. Separately, foreign nationals who invest a qualifying amount in Taiwan, typically NT$15 million (approximately USD 480,000) or more in a business that creates local jobs, may apply for residency through the National Development Council's investment-based residency scheme. These programmes grant temporary residency that can be renewed and, after meeting continuous residence requirements, may lead to permanent residency applications.

Minimum investment: $480.00K

Need help applying? Specialist investment-migration advisers such as Henley & Partners.

Foreign-investor access

Foreign nationals can reside in Taiwan on various visa categories including the Employment Gold Card, investor visas, and dependent visas. Taiwan offers a relatively low cost of living by developed-economy standards, a high-quality public healthcare system under National Health Insurance, and a well-developed urban infrastructure. Mandarin Chinese is the official language, though English proficiency is widespread in business and academic settings. Air quality and geopolitical considerations related to cross-strait relations with the People's Republic of China are practical factors that relocating individuals typically assess.

US-listed ADRs & cross-listings

Companies from this country whose shares also trade in the US, investable in a normal US brokerage account.

CompanyUS tickerLocal tickerNote
ASE Technology HoldingASX3711ASE Technology Holding trades on the NYSE as an ADR representing the holding company of ASE Group, the world's largest semiconductor packaging and testing service provider. Each ADR represents two ordinary shares.
AU OptronicsAUO2409AU Optronics trades on the NYSE as an ADR and is one of the world's largest manufacturers of thin-film transistor liquid crystal display (TFT-LCD) panels for monitors, TVs, notebooks, and mobile devices. Each ADR represents ten ordinary shares.
Advanced Semiconductor Engineering (ASE) Operating SubsidiaryASX2311The operating subsidiary Advanced Semiconductor Engineering is rolled up into ASE Technology Holding (ASX) for US investors. Legacy ADR holders of the pre-reorganisation ASE Inc. structure are now reflected under the holding company ticker.
Chunghwa TelecomCHT2412Chunghwa Telecom trades on the NYSE as an ADR, where each ADR represents ten ordinary TWSE-listed shares. It is Taiwan's largest integrated telecom operator and is partially state-owned.
Himax TechnologiesHIMX3222Himax Technologies is a Cayman Islands holding company whose operations are in Taiwan, listed on NASDAQ. It designs display driver ICs, timing controllers, and LCOS microdisplays. Himax is not directly TWSE-listed but its principal operations and employees are in Taiwan.
Silicon Motion TechnologySIMO—Silicon Motion Technology is a Cayman Islands company with Taiwan-based operations that designs NAND flash controller ICs for SSDs and embedded storage. Listed on NASDAQ, it provides US investors exposure to Taiwan's fabless semiconductor sector. Not directly listed on the TWSE.
Taiwan Semiconductor Manufacturing CompanyTSM2330TSM is listed on the New York Stock Exchange as an American Depositary Receipt, where each ADR represents five ordinary TWSE shares. It is one of the largest non-US companies by market capitalization listed in the United States and is a constituent of the S&P 500.
United Microelectronics CorporationUMC2303UMC trades on the New York Stock Exchange as an ADR, with each ADR representing two ordinary shares. It offers direct US investor access to Taiwan's second-largest semiconductor foundry.
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