If you have been around for over thirty years, then chances are that you might have come across one product or the other that is made in Taiwan. Taiwan is legitimately the Republic of China and is a sovereign state in East Asia. The Republic of China was formally based in mainland China, and now governs the island of Taiwan, which makes up over 99% of its territory, and has Penghu, Kinmen, Matsu, and other minor islands in it.
It has neighboring states as the People’s Republic of China to the west, Japan to the east and northeast, and the Philippines to the south. It has its central seat of government as Taipei and this also happens to be the most populous city.

Over the past centuries history has it that Taiwan experienced rapid economic growth and industrialization, and therefore is now an advanced industrial economy. This country is the 19th-largest economy in the world and its high-tech industry plays a key role in the global economy. Taiwan is rated greatly in terms of freedom of the press, public education, health care, economic freedom, and human development.

For this reason, it might not be a bad idea at all to go down to Taiwan to seek business opportunities to invest in. If you think this might be a priority to you as an investor then here are some business ideas that might be available to you in Taiwan.

Top 10 Business Investment Opportunities in Taiwan

1. Automotive and Car Parts Business

2. Medical Supplies and Equipment

3. Hardware

4. Bicycle Products

5. Machinery

6. Communication Products

7. Consumer Electronics and Electrical Parts Business

8. Food and Agricultural Products

9. Fashion Accessories and Household Textiles

10. Gifts and Work of Arts Business

The Taiwan Africa Economic Forum (TAEIF) is held jointly by African Embassies and Trade offices in Taiwan and the Ministry of Foreign Affairs

African countries offers opportunities for trade and investment, and the combined population of 200 million people provides a potentially lucrative market for Taiwan's commerce. However, Taiwan's trade and investment relationship with Africa is minute when compared with other regions in the world. TAEIF has been established to correct this imbalance. It intends to offer a one-stop service to Taiwan's business community by providing valuable information on trade and investment opportunities presented by these African countries, as well as guidance to prospective investors who seek to expand their interests into Africa. This applies particularly to identifying centres in Africa, which can serve as bases for manufacturing industry utilizing Taiwan's well-developed technological and international marketing expertise.

Taiwan’s economy has held up better than most Asian countries, thanks in part to how well it handled the coronavirus outbreak, said an economist from research house Capital Economics.
Despite its proximity to mainland China, Taiwan has reported just 447 coronavirus cases and seven deaths in a population of 24 million people. Its success in keeping the lid on cases has garnered global praise for its strategy involving early screening and border controls.

Recent data shows that Taiwan’s economy has held up “extremely well,” said Capital Economics in a note last Friday, citing industrial production that was up 1.5% in May from a year ago. Although this was lower than the 4.2% on-year growth in April, “it was still much stronger than most other countries in Asia,” wrote Gareth Leather, senior Asia economist.

Two of Taiwan’s peers, South Korea and Singapore, recorded negative growth for industrial production in May.

“A key reason for the strong performance was that Taiwan never had to lock down its economy, so manufacturing plants have continued to run as normal,” Leather noted. Capital Economics is forecasting a 2% decline in Taiwan’s 2020 GDP.

Taiwan posted GDP growth of 2.7% in 2019.