The Legislative Yuan passed the amendment to the Offshore Banking Act on May 31, 2013. After the amendment, in addition to offshore banking units (“OBU”) established by banks, a securities firm may now establish offshore securities units (“OSU”) to engage in business offoreign currency securities brokerage, underwriting, and dealership and to enjoy the benefit of exemption from profit-seeking enterprise income tax, business tax, stamp tax as well as the obligation of tax withholding.