If you are interested in opening a company in Taiwan, you can rely on our team of specialists in company registration, who have the necessary legal expertise in helping you register a legal entity.
| Quick Facts | |
|---|---|
| How much does it cost to open a company in Taiwan? | USD 2,500 |
What is included in the company formation fee? | The service fee covers the preparation and coordination of the foreign-owned company setup by our local agents. |
How much are the government fees for company registration? | USD 50. Additional charges may apply when the registered capital exceeds NTD 4,000,000. |
| What are formation-related out-of-pocket expenses? | These are administrative expenses incurred during registration, such as postage, stamps, transportation and document delivery. |
| How much does a registered office address cost in Taiwan? | USD 1,800 for 12 months, equivalent to USD 150 per month. |
| What are the main steps for company formation in Taiwan? | – name reservation; – foreign investment approval; – bank account opening; – capital transfer and verification; – CPA audit; – company registration; – tax registration. |
| How long does it take to open a company in Taiwan? | Around 2-3 months. |
| Can a company be registered in Taiwan remotely? | Not entirely. Most applications can be handled remotely, but the director or representative must attend the identification and banking procedures in Taiwan in person. |
| Can a foreign invertor own 100% of a Taiwanese company? | Yes. Restrictions may apply to activities included on Taiwan’s prohibited or restricted investment list. |
| Is there a minimum capital requirement? | No |
| What types of businesses can a foreign investor operate in Taiwan? | – sole proprietorship; – unlimited company; – limited company; – company limited by shares; – subsidiary; – branch office; representative office. |
| When can the company start operating? | The company can begin operating after completing company and tax registration and obtaining any permits required for its activities. |
| Which costs must be paid every year? | The registered office fee of USD 1,800 is the only annual cost specified in the setup package. |
| Additional services after company incorporation | – bank account conversion, – tax registration, – importer and exporter registration, – MOEACA IC Card; controllers reporting; accounting; tax compliance; payroll compliance. |
| How can local specialists assist in the company formation in Taiwan? | Our local specialists can prepare the documents, submit the applications, arrange the registered office, coordinate the bank and CPA procedures, accompany the representative and provide post-registration support. |
What is the process of company formation in Taiwan?
Setting up a foreign-owned company in Taiwan involves several stages. Approval, banking and registration are all part of it. We can coordinate the whole process and help with the required applications and documents.
Ourcompany formation agency in Taiwancan help you to:
- reserve the company name and business scope;
- obtain foreign investment approval;
- open a bank account;
- transfer and verify the capital;
- arrange the registered office;
- complete the CPA capital audit – our accountants can verify and certify the paid-in capital;
- submit the company formation documents;
- complete business and tax registration – we handle the Taxation Bureau registration and invoice authorization;
- register as importer or exporter, if your company will trade goods internationally;
- apply for the MOEACA IC Card;
- submit the information about the representative and shareholders;
- convert the preparatory account into an operating account.
One thing you must know is that the company director or representative must attend the identification and banking procedures in Taiwan in person. What can we do for you? We can schedule the appointments, accompany the representative and provide support at any time.
We invite you to watch a short video on how to open a company in Taiwan:
What documents are required for opening a company in Taiwan?
If you want to register a company in Taiwan as a foreign investor, you must prepare the documents:
- foreign company certificate – you will need the proof that the foreign parent company is legally registered;
- Director’s identification documents – a copy of the director’s passport and national ID card or driving license;
- notarized Power of Attorney;
- shareholder structure document;
- landlord’s consent letter;
- house tax statement and house ownership certificate;
- tenancy agreement.
If you use our registered office address, we can prepare the documents related to the registered premises. We can also provide the template for the notarized Power of Attorney.
What are the main requirements for company formation in Taiwan?
Amongst the aspects that have to be fulfilled during the procedure of company formation in Taiwan, we mention the following:
- the company must have a registered address in Taiwan, which has to be a physical address;
- drafting and signing the company’s articles of association, which represent the founding document of the company;
- the articles of association provide information on the company type, its shareholders, capital, the liability and the rights the company’s owners have and others;
- the documents in which the company’s documents have to be prepared in Chinese, which is the country’s national language;
- as a foreign investor, it is necessary to appoint a local agent to handle the procedure of company registration in Taiwan.
The above mentioned represent some of the basic requirements that investors have to complete during the process of company formation.
You can see below more informations about the process of opening a company in Taiwan:
What types of companies o foreign investor can open in Taiwan?
When setting up a company in Taiwan, the first aspect you should decide is the type of company suitable for your business needs.
Here, you should also take into consideration the number of founders that will own the Taiwanese company. The most common types of legal forms are:
- sole proprietorship – a company type with only one owner, who is a natural person;
- unlimited company – a company type which requires at least two shareholders;
- limited company – a business form which is the most popular structure in Taiwan;
- company limited by shares – it is founded based on a capital that is divided into share;
- branch office – it allows a foreign company to carry out commercial activities in Taiwan without creating a separate legal entity;
- representative office – it can be used for market research and liaison activities, but it cannot conduct commercial operations or generate local revenue.
How long does it take to set up a company in Taiwan?
The company formation process in Taiwan can take approximately two to three months. The most time-consuming stage is the foreign investment approval. This step is estimated to approximately 21 days but in some cases, it may exceed 30 days.
The bank account opening and capital transfer can also extend the timeline because the processing period depends on the bank and its compliance checks. The representative must attend the banking procedures in person.
Our local agents can prepare the applications and coordinate the authorities and bank appointments. We can also assist the company representative throughout the procedure.
What are the costs of company formation in Taiwan?
The cost for opening a company in Taiwan is 2,500 USD. This amount convers the setup services provided by our local agents.
The company formation process also involves government registration fees (USD 50) and other formation-related administrative expenses (USD 100).
Are there any additional costs for company formation in Taiwan?
Yes, for the services required to prepare the company for business operations:
- bank account opening assistance: USD 1,000;
- MEOACA IC Card: USD 100;
- controllers report: USD 100;
- business and tax registration: USD 100;
- importer and exporter registration: USD 80;
- registered office address – USD 1,800/year.
Are you interested in opening a company in Taiwan? Contact us for details!