Management Regulations for Technology Industrial Parks of Bureau of Industrial Parks and Branches, Ministry of Economic Affairs Article 11

If the investment application of a business entity in the Park is not approved, the land or building down payment submitted shall be refunded by the Bureau or branches in total and without interest. For those approved for incorporation, the Bureau or branches shall inform the applicant of the allotted land or building as reserved, and sign a contract with the applicantpursuant to Article 12. The land or building down payment will then be refunded in total and without interest. If the contract is not signed within the specified period, the paid down payment will be transferred to the national treasury, and any request for refund will not be entertained. Applications for extended deadlines with legitimate reasons may be approved by the Bureau or branches. There is no limitation to the number of applications approved; however, the total extended period shall be no longer than one year.The Bureau or branches shall notify the investor in writing 10 days prior to expiration of the said period for contract signing.If the lease and purchase of additional building or land is needed because of cash injection, mergers and acquisition, or expansion of investment plan, the provisions of the preceding two paragraphs are applicable to the refund or non-refund of the down payment.