Regulations for the Auction of Domestic Land and Improvements Acquired by Foreigners That Are Not Used in Accordance with Regulations Article 12

Bid participation by bidders shall be subject to the following regulations:1.Filling out the bid form: List bidder, subject, bid amount and commitments.Natural persons shall list name, citizen identification number, address and telephone number. Legal persons shall enter name of legal person, address, telephone number, legal person registration or company registration code and name of legal representative. The bid amount shall be entered in complex Chinese numerals.2.Deposit payment: The amount is calculated at a rate of ten percent of the minimum bid (the amount is rounded up the nearest thousand dollar).Limited to payment by postal money order, crossed check from a domestically operating bank, trust & investment corporation, credit union, post office, farmer or fishermen’s association or certified check. The deposit should be placed in a sealed envelope together with the bid form and sent by registered mail to the P.O. box designated by auctioning agency before the mail box is opened.Late deposits shall not be accepted and will be returned in their original form.For the crossed check in above item 2, the drawer and drawee of the crossed check is the financial institution.
中文原文 外國人未依規定使用其投資取得國內土地及其改良物逕為標售辦法第12條
投標人參加投標,應依下列規定辦理:
一、填具投標單:載明投標人、標的物、投標金額及承諾事項。
自然人應註明姓名、國民身分證統一編號、住址及電話號碼。
法人應註明法人名稱、地址、電話號碼、法人登記證或公司統一編號及法定代理人姓名。
投標金額應以中文大寫。
二、繳納保證金:其金額按標售底價百分之十計算(計至千位),限以郵局之匯票、經政府依法核准於國內經營金融業務之銀行、信託投資公司、信用合作社、郵局、農會或漁會之劃線支票或保付支票繳納,並連同投標單妥為密封,用掛號函件於開啟信箱前寄達標售機關指定之郵政信箱。
逾期寄達者不予受理,原件退還。
前項第二款之劃線支票,指以金融機構為發票人及付款人之劃線支票。

English translation for reference only; the Chinese text prevails. Not legal advice.