🇹🇼 Penghu,
Taiwan
#2705
Nomad Score
6.2
Coords
23.5696940, 119.5664543
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BUSINESS
| Topic | Details |
|---|---|
| 📈 Highest Income Tax Bracket | 40% |
| 🧾 VAT | 5% (Included in shelf prices) |
| 🏢 Studio Purchase Price (City Center) | Approx. $120,000 TWD per m² (e.g., 40 m² = $4.8M TWD / $150k USD) |
| 🏢 Studio Purchase Price (Outside City) | Approx. $85,000 TWD per m² (e.g., 40 m² = $3.4M TWD / $107k USD) |
| 🏠 1-Bedroom Purchase Price (City Center) | Approx. $110,000 TWD per m² (e.g., 60 m² = $6.6M TWD / $210k USD) |
| 🏠 1-Bedroom Purchase Price (Outside City) | Approx. $80,000 TWD per m² (e.g., 60 m² = $4.8M TWD / $152k USD) |
| 🏡 2-Bedroom Purchase Price (City Center) | Approx. $100,000 TWD per m² (e.g., 80 m² = $8.0M TWD / $253k USD) |
| 🏡 2-Bedroom Purchase Price (Outside City) | Approx. $75,000 TWD per m² (e.g., 80 m² = $6.0M TWD / $190k USD) |
| 💼 Corporate Tax | 20% (Standard Taiwan rate) |
| 💵 Dividend Withholding Tax | 21% for non-residents |
| 🏦 Tax System | Territorial for non-residents; residents taxed on worldwide income above $6.7M TWD |
| 🌐 Controlled Foreign Company (CFC) Rules | Yes, implemented since 2023 |
| 🏠 Property Tax | 1.2% to 3.6% based on usage and value |
| 🏠 Property Transaction Tax | Land Value Increment Tax and House and Land Transactions Income Tax (up to 45% based on holding period) |
| 💻 Attractive Tax System for Digital Nomads | Taiwan Gold Card offers 50% income tax reduction on salary above $3M TWD |
ESSENTIALS
| Topic | Details |
|---|---|
| 🏙️ City | Magong City, Penghu County, Taiwan |
| 👥 Population | Approximately 105,000 (County-wide) |
| 💻 Internet Speed | Average 100 Mbps; Chunghwa Telecom fiber is widely available in Magong |
| 💸 Currency & Banking | New Taiwan Dollar (TWD). 1 USD ≈ 31.5 TWD, 1 EUR ≈ 34.2 TWD |
| 🚰 Tap Water | Not recommended for direct drinking; use boiled or filtered water |
| 🔌 Power | 110V, 60Hz, 🔌 Type A/B sockets |
| 📶 SIM Card | Chunghwa Telecom, Taiwan Mobile, FarEasTone (available at Magong Airport) |
| 💳 Banking for Expats | Bank of Taiwan, Land Bank of Taiwan; Revolut works via ATM withdrawals |
| 🛌 Accommodation | Boutique B&Bs (Minsu) are the standard; Discovery Hotel for high-end stays |
| 💳 Cashless Friendly | Moderate. Major hotels and 7-Eleven accept cards/LinePay; local markets are cash-only |
| 🏠 Short Term Rentals | Airbnb and local Minsu booking via Line; average $800 - $1,200 USD/month |
| 🛏️ Budget Accommodation | Penghu Backpackers Hostel (approx. $600 TWD/night) |
| 🏙️ Best Area to Stay for Tourists | Magong City Center (Zhongyang Old Street area) for accessibility |
| 🏙️ Best Area to Stay for Digital Nomads | Guanyinting Waterfront area for reliable Wi-Fi and evening sunsets |
WORKING AND NETWORKING
| Topic | Details |
|---|---|
| 🏢 Best Coworking Space | Penghu Youth Hub (Magong) – community-run space for digital entrepreneurs |
| ☕ Best Cafe for Work | Semi-Circle Cafe (半日閑) – quiet atmosphere with reliable Wi-Fi and power outlets |
| 💼 Networking Events | Penghu Startup Meetups at the Penghu Creativity Lab |
| 🥂 Social Events for Expats | Expats in Taiwan Facebook groups; local surf/dive meetups at Shanshui Beach |
TRANSPORTATION
| Topic | Details |
|---|---|
| 🚕 Best Taxi/Ride App | FindTaxi or Line Taxi (Uber is not operational on the island) |
| 🚲 Bike/Scooter Rental | Dayen Scooter Rental (near Magong harbor) - $400 TWD per day |
| 🏖️ Best Beach Nearby | Shanshui Beach (Magong) – white sand and popular for surfing |
| ✈️ Top Regional Airline | Mandarin Airlines, UNI Air |
| ✈️ Top International Airline | Fly via Taipei (TPE) or Kaohsiung (KHH) using EVA Air or China Airlines |
| 🛣️ Highway Access | County Road 203 (connects Magong to Xiyu via the Great Cross-Sea Bridge) |
| 🚉 Main Train/Transit Hub | Magong Port (Ferries to Kaohsiung/Chiayi) and Magong Airport (MZG) |
| 🚍 Public Transport Passes | EasyCard or iPass (accepted on Penghu Shuttle Bus) |
| ✈️ Regional Travel | Daily ferries from Magong to Cimei and Wangan islands ($450-$600 TWD) |
HEALTH AND WELLNESS
| Topic | Details |
|---|---|
| 🏥 Best Hospital | Tri-Service General Hospital Penghu Branch (Magong City) |
| 🧘 Yoga & Wellness Centers | Local community classes at the Penghu Activity Center |
| 🏋️ Gyms & Fitness Centers | World Gym (Magong Branch) – modern equipment and short-term passes |
| 🧺 Laundry Services | Seicand Self-Service Laundry (open 24/7 in Magong City) |
FOOD AND DRINK
| Topic | Details |
|---|---|
| 📱 Best Food Delivery App | Foodpanda (widely used in Magong city center) |
| 🍽️ Best Local Dish to Try | Penghu Pumpkin Rice Noodles and Cactus Ice Cream (Easy Coast Ice) |
| 🍱 Vegan/Vegetarian Options | Loving Hut (Magong) – reliable vegan chain |
| 🍫 Best Dessert Spots | Jade Crown Grass Jelly (玉冠嫩仙草) – legendary local dessert |
| 🛒 Affordable Shopping Spots | Beichen Market (Morning market for fresh fruit and local snacks) |
| 🛒 E-commerce/Online Store | Shopee Taiwan, PChome (shipping takes 1-2 days longer than mainland) |
| 🛒 Grocery Delivery | PX Mart (Poya) online shopping for local delivery |
| 🍸 Bar/Nightlife Area | Minsheng Road area; 'Beast' Bar for craft cocktails |
| 🍻 Local Brewery | Penghu Craft Brewery (specializes in Cactus-infused beers) |
| 🍷 Wine Bars | Discovery Hotel Pier3 Bar (selection of imported wines) |
| 🍲 Street Food Stalls | Magong Night Market (seasonal) and Zhongyang Old Street |
| 🍕 Popular International Cuisine | Addict Seafood (Italian-Taiwanese fusion), Long Men Seafood |
CULTURE AND ATTRACTIONS
| Topic | Details |
|---|---|
| 🎟️ Must-See Landmarks | Penghu Great Cross-Sea Bridge and Qimei Double Heart Stone Weir |
| 🏛️ Museums & Art Venues | Penghu Living Museum ($80 TWD entry) |
| 🏰 Historical Sites | Tianhou Temple (Taiwan's oldest Mazu temple) |
| 🕍 Religious Sites | Guanyin Pavilion – significant Buddhist site and fireworks venue |
| 🎉 Annual Events | Penghu International Ocean Fireworks Festival (April to June) |
| 🎨 Cultural Districts | Zhongyang Old Street (Historic architecture and shops) |
| 🎭 Theater Venues | Penghu Performing Arts Center |
| 🛍️ Local Markets | Magong Fish Market (visit at 4:30 AM for the auction experience) |
| 🎼 Music Scene | Live acoustic performances at waterfront bars during summer |
| 🎨 Street Art | Erkan Historical Village (Traditional murals and coral stone houses) |
| 🧑🍳 Cooking Classes | Penghu Kitchen (Seaweed and seafood traditional cooking) |
| 👩🎨 Art Galleries | Penghu Marine Biology Research Center Art Hall |
| 🕰️ Historic Buildings | Xiyu Western Fortress (Qing Dynasty military site) |
| 🏴 Local Heritage | Traditional Huazhai stone houses in Wangan |
NATURE AND OUTDOOR ACTIVITIES
| Topic | Details |
|---|---|
| 🌅 Nearby Nature Escapes | Kuibishan Geopark (Moses Parts the Sea tidal walk) |
| 🏞️ National Parks Nearby | South Penghu Marine National Park (accessible by boat) |
| 🚲 Cycling/Walking Paths | Magong Coastal Bike Path (stretches along the western shore) |
| 🌄 Scenic Viewpoints | Fenggui Blowholes for coastal sound and spray |
| 🦉 Birdwatching Locations | Maoyu and Caoyu islands (Sea bird sanctuaries) |
| 🔥 Bonfire-Friendly Spots | Aimen Beach (permitted in designated BBQ areas) |
OTHER SERVICES AND AMENITIES
| Topic | Details |
|---|---|
| 📦 Parcel Delivery Service | 7-Eleven 'Black Cat' (Takkyubin) service is the most reliable |
| 🛠️ Tech Repair Services | Tsann Kuen 3C (Major electronics retailer in Magong) |
| 🏓 Table Tennis Spots | Penghu County Gymnasium |
| 🧑🏫 Language Classes | Private tutors via local university (National Penghu University of Science and Technology) |
| 📚 Libraries & Study Spots | Penghu County Library (Quiet, air-conditioned, good Wi-Fi) |
| 🏘️ Community Centers | Penghu Activity Center (Host to local workshops) |
| 🕹️ Gaming Lounges | Net cafes are available near the Magong bus station |
| 🎰 Casino & Gaming Halls | None (Gambling is illegal in Taiwan despite local referendums) |
🧭 CONTINUE EXPLORING PENGHU