Canonical: https://unicorncurrencies.com/send-money-to/taiwan/

# Intelligence: Sending Money to Taiwan

## Banking Requirements

- **Code:** **Bank Code + Branch + Account**

- **Format:** 3-digit bank code, 4-digit branch code, account number

## Route Context

- **Use case:** Pay Taiwanese suppliers for semiconductors, electronics, computer components, bicycles

- **Published local rails:** FISC (Financial Information Service), Taiwan Pay, CBC-RTGS

- **Timing note:** Settlement and credit timing depend on rail availability, funding, cut-offs, compliance review, correspondent handling, and receiving-bank release.

## Payment Control

- Check beneficiary details before release.

- Confirm payment purpose and invoice context.

- Keep proof available if the supplier says funds have not arrived.

- Review deductions if the amount lands short.

## Regulatory

- Central Bank of China (Taiwan) foreign exchange regulations

- Customs declaration for imports

- Business Tax (5%) on services

- FSC Taiwan oversight

## Key Industries

- Semiconductors

- Electronics

- Computer Hardware

- Bicycles

- Machinery

## Tips

- Taiwan = Semiconductor capital (TSMC), electronics manufacturing

- Strong SME ecosystem - flexible suppliers

- Hsinchu Science Park = Tech manufacturing hub

- Quality focused - rigorous testing standards