萬國法律事務所

A Startup Board that will trade startup companies whose shares are not issued in public will be established at the end of 2013. The relevant authorities to the Taiwan have approved the Regulation Governing the Startup Board proposed by the GreTai Securities Market (GTSM). GTSM will soon announce the application form and other related documents and information. GTSM has indicated that companies with innovative and creative potential and with capital amounts not exceeding NT$ 50,000, or which have received a letter of recommendation from the National Science Council or local government, can apply for registration with the Startup Board.<br /> <br /> GTSM expects that companies that register with the Startup Board will be companies whose shares are not issued to the public. Thus, the Securities and Exchange Law, Securities and Futures Investors Protection Law, and the Financial Consumer Protection Law do not apply to such companies. To protect the rights and interests of investors, related measures will be adopted, including one that limits investments made by non-professional investors in Startup Board companies to NTD 60,000 in a year and another that requires investors to sign a risk disclosure statement before investing in a company registered with the Startup Board.