You can see the rules and regulations in other jurisdictions.
Taiwan does not recognise 'passporting rights'. To implement regulated financial activities, a company must seek FSC approval. Depending on the activity involved, applicants must meet necessary prerequisites as indicated by relevant laws and FSC regulations. Furthermore, it is against Taiwan's financial laws to offer any financial services without prior approval or licensing from the FSC.1
Each year, Taiwanese companies must report to the Central Bank of the Republic of China (Taiwan) before they are able to purchase a foreign currency with Taiwan dollars and transfer out of Taiwan for any reasons other than trade or service-related payments, up to US$50 million or its equivalent without additional approval. For amounts exceeding this quota, special approval from the Central Bank is required and it is granted on a case-by-case basis at their discretion. In June 2021, an amendment empowering the Central Bank to adjust this limit took effect.1
