Details Of Franchisee Subsidies Finalized

ChinaPost:

The Ministry of Economic Affairs (MOEA) will subsidize the establishment of 500 new franchised stores with a budget of NT$25 million in the first stage, with each store to enjoy a subsidy of NT$50,000, according to a subsidy package announced yesterday.
subsidies

Under the package, those who plan to set up a franchised store can apply for the NT$50,000 by April 8, but the applications should be channeled through the franchise headquarters they will join. In principle, each franchise headquarters will face a ceiling limit of 10 applicants and enjoy a maximum subsidy of NT$500,000.

Any franchise headquarters is required to work out innovation plans for their applicants to meet any of the requirements for new brands, new service products, new marketing modes, new operating modes, and new commercial application technology, and their applicants are required to complete “company registration” first.

If approved to set up a new franchised store, the applicant will be allowed to deduct the subsidy of NT$50,000 from the franchise fee payable to the franchise headquarters they will join, according to Chang Po-po, director general of the Department of Commerce.

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