Taiwan, also known as the Republic of China, is developed and rich (per capita GDP is $39,767). The economy is highly dependent on foreign trade, the main trade partners are South Korea, China, the US, Saudi Arabia, Japan, Hong Kong and Singapore.
Fast food restaurants, language schools, real estate brokerage services, convenience stores, health and drug stores, spa services, hair salons, apparel stores, shoe stores, and sporting goods are the main franchise businesses. More than 100,000 units perform in 180 franchise sectors and bring about NT$800 billion every year.
There are very few career opportunities in Taiwan and the salary is rather low, an average salary is NT$21,009 per month, what caused unemployment and labor migration to other Asian countries. Providing over one million job positions franchise business helps to decrease the issues mentioned above.
Taiwan investors are more likely to put money into small franchise company than in a big one. Thus the initial franchise fee is just $ 2,000 to get started. In addition, the business people are constantly looking for some new ideas that is why the franchise market is very dense. More than 2000 different brands have their 80,000 chain stores in Taiwan. The majority of them are located in the biggest cities such as Taipei, Kaohsiung, and Taichung.Browse franchise List in Taiwan
Currency: New Taiwan dollar
Education Index (2013): 0.610
Official languages: Mandarin
Per capita GDP (PPP): $49,901
Quality-of-life index (0-10): 5.99
Population: 23.55 mln
Total GDP (PPP): $1.177 trillion
Ease of Doing Business Ranking, Rank: 15
Human Development Index (HDI): 0.882