Many young people dream of starting their own business, but due to the pandemic and severe post-pandemic inflation, funding has become a major obstacle. To address this issue, the government has launched the “Youth Entrepreneurship Loan” program. This article introduces what the Youth Entrepreneurship Loan is and how to apply for it. We’ve prepared an easy-to-understand guide—let’s take a look!
What is the Youth Entrepreneurship Loan?
To foster a favorable environment for young entrepreneurs, promote entrepreneurial spirit, and drive economic development, the government cooperates with financial institutions to provide low-interest loans to young people, helping them obtain the capital they need to start a business.
Who Can Apply for a Youth Entrepreneurship Loan?
Eligibility and interest rates at a glance:
- Must be aged between 18 and 45.
- Must have registered a company, business, or limited partnership within the past five years.
- The responsible person can be:
- (1) A national with household registration in Taiwan: must have completed at least 20 hours of government-recognized entrepreneurship training or obtained 2 academic credits within 3 years.
- (2) A non-national without household registration in Taiwan: must hold a government-issued entrepreneur visa, employment gold card, or valid residence permit.
- If meeting the above, you may apply under either the responsible person’s or business’s name:
- (1) Nationals can apply under either name.
- (2) Non-nationals can only apply under the business’s name.
Interest subsidies for youth entrepreneurship loans are not unlimited—there are two key points:
- Loans under NT$1,000,000: Subsidy = loan amount × floating interest rate
- Loans over NT$1,000,000: Subsidy is capped at NT$1,000,000 × floating interest rate
Is the Youth Entrepreneurship Loan Really Not That Complicated?
Here are five simple application steps:
Step 1. Prepare Application Documents
- Copy (front and back) of national ID of the responsible person
- Company/business registration or proof of establishment
- Business plan for Youth Entrepreneurship and Startup Capital (only required if applying for more than NT$1 million; under NT$1 million only needs the application form)
- Loan affidavit for Youth Entrepreneurship and Startup Capital
- Proof of participation in government-certified “entrepreneurship training courses” or “events” (minimum 20 hours total or at least 2 academic credits)
- Other documents required by the financial institution (such as seals, collateral, etc.)
Step 2. Bank Preliminary Review
Key points the bank assesses:
- Borrower: business operation status, personal credibility, and financial standing
- Use of funds: whether the loan usage plan is reasonable
- Source of repayment: whether business revenue and profit can cover repayments
- Debt protection: profitability, collateral, and guarantors
- Future outlook: competitiveness, profitability, and growth potential
Step 3. Set Up Collateral
If no collateral is required, the bank will apply for a credit guarantee from the Small and Medium Enterprise Credit Guarantee Fund. Other agencies may also provide follow-up support.
Step 4. Sign Loan Contract
This step confirms the rights and obligations of both parties—such as loan amount, interest rate, repayment period, and whether there is a grace period.
Step 5. Loan Disbursement Completed
Funds can now be used! Depending on the business’s actual needs, the loan can be drawn down in stages or installments.
Hanse Helps You Take the First Step in Entrepreneurship
Choose the Right Business Registration Address to Kick-Start Your Business!
Once your funding is secured, your first step should be to get an address for company registration. Many people think of using their home address, but this often leads to higher taxes.
That’s why business centers are the safest and most efficient choice. Register your address with a legal, well-equipped business center, and many problems will be easily solved!
Related reading: What is a virtual office? 2023 Full Guide to Virtual Offices – Make Entrepreneurship Worry-Free
Most business centers offer more than just registration—they also provide mail/package collection, visitor reception, dedicated phone numbers, and more. You won’t miss important mail, and you’ll have access to meeting rooms when needed. Plus, members enjoy exclusive discounts.
Right now, Hanse and GTB Business Center are offering a new virtual office promotion for 2024! Sign a virtual office contract with Hanse before March 31 to receive NT$500 in bonus credits on the GTB-Space platform—redeemable for a one-day roaming experience.
Related reading: 2024 Hanse Virtual Office Promotion｜Now Available – Hanse United Business Space
After Starting a Business, Rent Is the Hardest Cost to Save
One Business Center Rental Solves Everything—No Worries About Renovation, Space, or Equipment
Besides business registration, the other key to launching your business is finding an office. Unlike traditional offices, business centers come fully furnished and flexible. No need to worry about interior design, layout, or utility setup—everything’s handled.
Think of it like a hotel—fully packaged services let you move in with just your laptop.
There are various office types available. Whether you’re a solo founder or a team of 20+, both GTB Business Center and Hanse United Business Space offer the perfect fit.
- GTB Business Center: www.globaltown.com.tw
- Hanse Business Spaces: hanse.group
🏙️ Love high-rise window views? Hanse’s new offices in Taipei Xinyi District and Taichung Gaofeng Phase II are now complete, offering upgraded workspaces with views overlooking Taipei 101. Call now for a tour or consultation—Hanse brings a whole new office experience.
Related reading: [Understand in 3 Minutes] What Is a Business Center? Learn How to Choose the Right Workspace
Related reading: Hanse United Business Space – Taichung Phase II Office Now Complete! Move-in starts next February. Quality, upgraded!
