1. HOW DO I REGISTER A COMPANY IN TAIWAN AS A FOREIGNER?
Foreigners are allowed to register their company in Taiwan for starting a business. They can own 100% of the shares of their business,even as individual or corporate shareholder.
2. DO I NEED TO VISIT TAIWAN TO INCORPORATION A COMPANY?
Only the representative of Taiwan company have to come to Taiwan twice to open a corporate bank account in Taiwan.
3. HOW LONG DOES IT TAKE TO REGISTER A COMPANY IN TAIWAN?
It takes around 2~2.5 months to finish all of procedures to establish a company in Taiwan.
4. CAN I OPEN BANK ACCOUNT WITHOUT VISITING TAIWAN?
No. Because Taiwan’s local bank is required to meet the representative of Taiwan company in person for identity verification and signing documents.
5. CAN I BECOME A DIRECTOR?
Yes, foreigner can be a director of a Taiwan company if you are above 18 years old.
6. WHAT ARE THE MOST COMMON TYPES OF BUSINESS ENTITIES IN TAIWAN?
The most common types of business entities in Taiwan are limited companies and branches. They are easy to set up and can do most types of business activities.
7. WHAT IS THE DIFFERENCE BETWEEN A LIMITED COMPANY AND A BRANCH IN THE LEGAL PERSPECTIVE?
A limited company is a legal entity separated from its shareholder. The shareholder is responsible for the capital amount invested and can enjoy the limited liability protection.
However, a branch is not a legal entity and is an extension of its headquarter. The headquarter and the branch representative bear the unlimited liability of the branch.
8. WHAT IS THE DIFFERENCE BETWEEN A LIMITED COMPANY AND A BRANCH IN THE TAXATION PERSPECTIVE?
The dividend distributed by a limited company to its shareholder with foreign nationality will be subject to 21% withholding tax.
However, the profit earned by a branch is owned by its foreign headquarter, thus, there is no withholding tax if the branch transfers the profit to its headquarter.
9. IS THERE ANY CAPITAL REQUIREMENT FOR A FOREIGNER TO SET UP A COMPANY IN TAIWAN?
There is no regulation requesting the minimum capital amount for a foreigner who wants to set up a company in Taiwan.
10. CAN REGISTER THE CAPITAL IN FOREIGN CURRENCY?
No, the capital must be registered in New Taiwan Dollar.
11. IS THERE ANY LIMITATION ON THE USE OF CAPITAL?
Basically, the capital fund can be freely used if it is for the business operating purpose, not personal use.
It is not recommended to transfer the fund from the bank immediately after the company is incorporated. It will be subject to penalty if you cannot provide the supporting documents when an investigation is proceeded.
12. CAN A FOREIGN SHAREHOLDER HOLD 100% OF A TAIWAN COMPANY?
Yes, a foreign individual or corporate can hold 100% of a Taiwan company. An approval from Investment Commission will be required before you submit the company registration.
13. CAN A FOREIGNER PARTNERSHIP WITH A TAIWANESE OR OTHER FOREIGNER?
Yes, a foreigner can do the joint venture with 1 or more persons of any nationality. If the representative with foreign nationality need to apply for the work permit, the foreign ownership must be above 1/3 of the Taiwan company.
14. IF I SET UP A LIMITED COMPANY AND WANT TO DO SOME BUSINESS ACTIVITIES IN TAIWAN, HOW SHOULD I DECIDE THE BUSINESS SCOPE?
Taiwan categorizes all the business activities into different business codes. You can check the list of business codes and decide which one you will do in Taiwan.
15. HOW MANY BUSINESS CODES I CAN SELECT FOR MY TAIWAN COMPANY?
There is no limitation on the number of business code. However, we would suggest you to choose the most likely you will do in Taiwan.
To find out more please kindly visit our website
https://www.ezbizsetup.info/foreignersetupcompanyintaiwan
Commenti