Taiwan Business Registration

Taiwan Business Registration Services

• Enterprise Name Reservation and Business Scope Definition: The process begins with applying to the Ministry of Economic Affairs (MOEA) to verify the availability and reserve the company’s Chinese name. The chosen name must be distinct and adhere to Taiwan’s naming guidelines. At this stage, the company’s business activities are also precisely defined.
• Foreign Investment Approval (for Foreign-Owned Companies): Foreign investors are required to secure approval from the Investment Commission of the MOEA before proceeding with further steps. This involves submitting an investment application, a business plan, and supporting documentation. The approval process typically takes two to four weeks.
• Establishment of a Preparatory Corporate Bank Account: A preparatory bank account must be opened in Taiwan to receive the initial investment capital. Foreign-owned companies may require additional documentation, and some banks may necessitate a local signatory.
• Verification of Investment Capital: After the capital is deposited into the preparatory account, a certified public accountant (CPA) must verify the funds to ensure compliance with Taiwan’s foreign investment regulations. This verification is a prerequisite for proceeding with company registration.
• Company Registration with the MOEA: Following investment capital verification (if applicable), the company registration application is submitted to the MOEA. This submission includes providing company details, shareholder and director information, and the company’s articles of incorporation. Upon approval, the company will receive its approval letter from the Ministry of Economic Affairs and an establishment registration form.
• Conversion to Official Corporate Bank Account: Once company registration is finalized, the preparatory account is converted into an official corporate bank account, which the company will utilize for its business transactions.
• Tax Registration: Registration with the National Taxation Bureau is necessary to obtain a unified business number (UBN) and a tax ID. Depending on the business activities, the company may also need to register for value-added tax (VAT) and other applicable taxes.
• English Company Name Reservation: After the company is officially registered, an English name can be reserved for branding and international business purposes.
• Exporter/Importer Registration (if applicable): If the company intends to engage in import or export activities, it must register with Taiwan’s Customs Authority and acquire the necessary permits to facilitate cross-border trade.
• Labor and Social Security Registration (if hiring employees): For companies planning to hire employees, registration with the Bureau of Labor Insurance is mandatory for labor insurance, health insurance, and pension contributions, ensuring adherence to Taiwan’s employment regulations.
• Business Registration and Commencement of Operations: Once all registrations and approvals are complete, the company can commence operations. Ongoing compliance, including tax filings, bookkeeping, and corporate governance, is required to maintain good standing with the authorities.

Benefits of our Taiwan Business Registration Services

• Complete Support: From initial discussion to post-registration assistance, we offer full support at every stage.
• Post-Formation Services: Our services extend beyond enterprise formation. We offer ongoing support with enterprise secretarial services, accounting, and tax adherence, ensuring your business operates without issues.
• Dedicated Account Manager for Asia Business: You will have a specific point of contact to address your queries and provide assistance, not only for Taiwan but for all your business questions across Asia.
• Faster Registration: Our efficient processes aim to expedite your company’s registration in Taiwan.

Limited Company

A Limited Company (or Company Limited by Shares, depending on the specific legal framework in Taiwan) is a common structure for businesses. It provides liability protection to its shareholders, meaning their personal assets are generally separate from the company’s debts and obligations. This structure requires a minimum number of shareholders and directors, and its capital is divided into shares. These companies are subject to corporate tax and comprehensive reporting requirements in Taiwan.

Company Limited by Shares

A Company Limited by Shares is a specific type of limited company where the liability of each shareholder is limited to the amount unpaid on their shares. This structure is often chosen for larger enterprises or those intending to raise capital from multiple investors, as shares can be transferred. It operates under specific regulations regarding its articles of association, shareholder meetings, and financial reporting, providing a structured governance framework.

Branch Office

A Branch Office (BO) in Taiwan is an extension of a foreign enterprise. It can conduct activities similar to those of the parent enterprise, subject to certain limitations. A BO can engage in activities such as providing services, conducting import-export transactions, and undertaking project work. However, similar to a Representative Office, the parent enterprise holds ultimate financial accountability for the BO’s commitments.

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“We are alongside you at each phase. Our support assures a rapid enterprise registration process in Taiwan, preparing the ground for your success.”

Start your Taiwan business journey with certainty

Reach out to us today for a discussion.