Register Company in Taiwan

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Fionza Consultants is your premier partner for seamless company registration in Taiwan. Our comprehensive service package encompasses Taiwan company formation, corporate bank account setup, and streamlined Taiwan work visa applications. Entrust Fionza Consultants as your one-stop solution to initiate and legally conduct business in Taiwan.
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Company Registration – 3 Week
Local Director? – No
Bank Account Opening – 4 Weeks
Travel Required – No
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[av_heading heading=’How long to register a Taiwan company and open corporate bank account?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-lm5t1a4o’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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[av_heading heading=’Can a foreigner start a business in Taiwan?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-lm5t3vpc’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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Unlock a spectrum of business entity options with Taiwan’s investor-friendly landscape, guided by Fionza Consultants. We provide expert advice on the steps and requirements for launching your business in Taiwan, ensuring a smooth start.

For instance, a Taiwan limited liability company can be registered with both foreign shareholders and a foreign director, offering flexibility for international investors. In many industries, complete foreign ownership of a Taiwan limited company is permissible.

Benefit from Taiwan’s competitive Corporate Income Tax Rate, set at a favorable 20%, which is notably lower than the Worldwide Average Statutory Corporate Income Tax Rate of around 24% across 176 jurisdictions.

Notably, setting up a representative office or a company in Taiwan’s Free Zones exempts you from corporate taxes. This strategic advantage enhances the attractiveness of doing business in Taiwan.

For Taiwan entities with a paid-up capital of at least NTD$30 million, a mandatory statutory audit overseen by the Taiwan Financial Supervisory Commission (FSC) applies. Additionally, corporations exceeding 100 employees or achieving an annual net operating revenue surpassing NTD$100 million are subject to a compulsory annual statutory audit, reinforcing transparency and minimizing corruption risks.

In the realm of Taiwan company incorporation, most industries have no minimum paid-up capital requirements, emphasizing the ease and flexibility offered by Taiwan’s business environment. Trust Fionza Consultants to guide you through a seamless incorporation process tailored to your business needs.
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[av_heading heading=’Types of companies in Taiwan’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-lm5t4uft’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

[av_textblock fold_type=” fold_height=” fold_more=’Read more’ fold_less=’Read less’ fold_text_style=” fold_btn_align=” textblock_styling_align=” textblock_styling=” textblock_styling_gap=” textblock_styling_mobile=” size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” font_color=” color=” fold_overlay_color=” fold_text_color=” fold_btn_color=’theme-color’ fold_btn_bg_color=” fold_btn_font_color=” size-btn-text=” av-desktop-font-size-btn-text=” av-medium-font-size-btn-text=” av-small-font-size-btn-text=” av-mini-font-size-btn-text=” fold_timer=” z_index_fold=” id=” custom_class=” template_class=” av_uid=’av-lm5t5c0o’ sc_version=’1.0′ admin_preview_bg=”]

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[av_textblock fold_type=” fold_height=” fold_more=’Read more’ fold_less=’Read less’ fold_text_style=” fold_btn_align=” textblock_styling_align=” textblock_styling=” textblock_styling_gap=” textblock_styling_mobile=” size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” font_color=” color=” fold_overlay_color=” fold_text_color=” fold_btn_color=’theme-color’ fold_btn_bg_color=” fold_btn_font_color=” size-btn-text=” av-desktop-font-size-btn-text=” av-medium-font-size-btn-text=” av-small-font-size-btn-text=” av-mini-font-size-btn-text=” fold_timer=” z_index_fold=” id=” custom_class=” template_class=” av_uid=’av-lm5ta6ut’ sc_version=’1.0′ admin_preview_bg=”]
When registering a company in Taiwan, foreign entrepreneurs have several company options to choose from, each tailored to specific business needs. Fionza Consultants provides expert advice on these entities, ensuring a smooth incorporation process. Here are some key options:

Taiwan Limited Liability Company (LLC)

• Type: Private company limited by shares.
• Benefits: Separate legal entity, limited liability for shareholders.
• Ownership: Minimum 1 shareholder of any nationality, full foreign ownership allowed.
• Directors: Minimum 1 director of any nationality.
• Capital: No paid-up capital requirement, recommended minimum accessible fund of USD $5,000.
• Address: Mandatory locally registered address in Taiwan.
• Tax: Access to Taiwan’s Double Tax Avoidance Agreements.

Limited Partnership

• Type: Involves general and limited partners.
• Benefits: General partner manages operations with unlimited liability, limited partner not involved in management.
• Ownership: Minimum 2 shareholders with 1 resident local shareholder.
• Capital: No paid-up capital requirement, recommended minimum accessible fund of USD $5,000.
• Tax: Considered tax-transparent, income not taxable.

Free Trade Zone Company

• Type: Operates in Taiwan’s Free Trade Zones to encourage foreign direct investments.
• Benefits: Exempt from Corporate Income Tax.
• Ownership: Minimum 1 shareholder of any nationality, full foreign ownership allowed.
• Directors: Minimum 1 director of any nationality.
• Process: Submission of a business proposal for approval by the Free Trade Zone’s management authority.
• Address: Mandatory physical registered office in Taiwan.

Branch Office

• Type: Extension of an overseas parent company.
• Benefits: Facilitates operation and revenue generation in Taiwan on behalf of the parent company.
• Manager: Resident manager required.
• Directors: No minimum quantity; considered separate legal entities.
• Address: Mandatory registered office address in Taiwan.
• Name: Should contain the parent company’s trade name along with its originating country.

Representative Office (RO)

• Type: Allows in-depth exploration of investment opportunities.
• Benefits: Conducts limited, non-commercial activities like market research.
• Manager: Resident local manager required.
• Process: Requires documentation certifying the agent’s identity, foreign company establishment, lease contract, and registration card.

Fionza Consultants facilitates the seamless registration of these entities, offering tailored solutions for foreign investors exploring business opportunities in Taiwan.
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[av_heading heading=’How to register a company in Taiwan?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-lm5tan8o’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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Step 1: Strategic Business Structure Selection

Before initiating company formation, it is crucial to identify the most suitable business entity. Fionza Consultants offers expert guidance to help you choose the optimal structure for your needs. Typically, the widely preferred option in Taiwan is the limited liability company, also known as a company limited by shares.

Step 2: Name Reservation

Fionza Consultants conducts a thorough search and registers your company name via the Taiwan One-stop Service Request portal, reserving it for a period of up to 6 months. Alongside, we facilitate the creation of an official Chinese name and can assist in translating it into English if required.

Step 3: Corporate Bank Account Setup

Following name reservation, proceed to open a corporate bank account. Although no specific paid-up capital is mandated, Fionza Consultants recommends allocating a minimum of US$5,000 as paid-up capital for operational and initial deposit purposes.

Step 4: Document Preparation and Submission

Upon capital deposit, Fionza Consultants obtains a capital verification report. Simultaneously, prepare the necessary documents for foreign director incorporation, including the application form, notarized passport copy, and proof of address for individual directors and shareholders. If appointing a corporate shareholder, additional documentation such as Certificate of Incorporation, Memorandum & Articles of Association, and relevant board meeting minutes are required. Fionza Consultants then submits these documents to the Taiwan Department of Commerce for company formation.

Step 5: Tax Registration

Following successful company registration, Fionza Consultants initiates the application for a company Tax Code from the State Tax Bureau. All companies in Taiwan must adhere to accounting and tax obligations. Businesses in Taiwan enjoy a relatively low annual corporate tax rate, capped at 20%. Entities with an income below TWD 120,000 are exempt from taxation, and those operating within Taiwan’s Free Trade Zones may be eligible for a corporate income tax exemption, subject to approval.

Moreover, all corporations in Taiwan, particularly those publicly listed or with a registered capital exceeding TWD 30,000,000, must submit annual financial statements audited by a certified public accountant to the Financial Supervisory Commission (FSC). This comprehensive process ensures compliance with Taiwan’s regulatory standards. Trust Fionza Consultants to navigate these steps seamlessly, setting the foundation for your business success in Taiwan.
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[av_heading heading=’What is the best business in Taiwan?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-lm5tc0k8′ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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Taiwan’s economic landscape revolves around three key sectors: Service, Manufacturing, and Semi-Conductors. In recent years, the government has prioritized the enhancement of the manufacturing industry by embracing cutting-edge technologies like cloud computing, big data, the Internet of Things (IoT), and smart robots. This strategic shift aims to position Taiwan as an emerging manufacturing hub with streamlined industrial procedures.

The manufacturing sector in Taiwan has demonstrated consistent growth, contributing significantly to the nation’s economy. Recognized among the Top 10 most automated countries globally, Taiwan’s manufacturing prowess, especially in the realm of robotics, makes it an enticing destination for foreign businesses.

To further bolster the business environment, the Taiwan government has committed to investing over TWD$10 billion in subsidies over the next seven years. This financial support is earmarked for the development of Artificial Intelligence, 5G technology, and semiconductor industries, providing substantial incentives for foreign investors contemplating business ventures in Taiwan.

Taiwan’s service industry, accounting for over 65% of the nation’s GDP and employing nearly 60% of the population, is a significant driver of economic growth. The recent establishment of the Taiwan Services Trade Information Platform (TSTIP) by the National Development Council aims to expand the global reach of Taiwan’s service industry, fostering investment opportunities and connecting foreign entrepreneurs with local service providers.

Recognizing the importance of digital connectivity, the Ministry of Science and Technology introduced the Taiwan Tech Arena to support tech startups. Backed by the government, this initiative facilitates international collaboration, enabling startups to integrate into the global economy and creating an advantageous environment for foreigners launching businesses in Taiwan.

The Taiwanese government’s proactive measures to enhance the startup ecosystem include tax credits, foreign talent encouragement laws, and dedicated land reserves for startups. In its pursuit to outpace neighboring countries like Singapore and Japan, Taiwan has established the Asian Silicon Valley as a unique startup zone.

Financial grants from the Ministry of Economic Affairs further support startups and SMEs in crafting their operational models. The combination of Taiwan’s well-developed service, manufacturing, and tech industries, coupled with government-backed initiatives, underscores the viability and attractiveness of Taiwan for foreigners seeking to establish and conduct business operations in the region.
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[av_heading heading=’Is Taiwan a good place to start a business?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-lm5td1ep’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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PESTLE Analysis: Unlocking Business Potential in Taiwan

Embarking on business ventures in Taiwan presents international investors with a thriving and business-friendly environment. Fionza Consultants, committed to providing comprehensive support, utilizes a PESTLE framework for a thorough analysis, ensuring informed decisions for Taiwan company incorporation.

Political Stability

Taiwan’s political landscape is characterized by its low corruption risk, evident in its impressive ranking of 28th out of 180 countries on the Corruption Perceptions Index. Membership in global organizations like the World Trade Organisation (WTO) and Asia-Pacific Economic Cooperation (APEC) solidifies its diplomatic standing, fostering stable relations, especially with the United States. This opens avenues for international trade and collaboration.

Economic Advantages

Taiwan boasts one of the lowest corporate income tax rates globally, with entities in Free Trade Zones enjoying exemptions when meeting specific criteria. With a competitive edge, Taiwan ranks 12th in the Global Competitiveness Report and stands out for innovation. Its positive positioning on the Foreign Direct Investment (FDI) Index signifies a conducive investment climate.

Societal Landscape

Taiwan’s sizable population and a significant labor force of 59.1% participation rate offer a substantial talent pool for foreign investors. While English proficiency is moderate, Mandarin Chinese is the official language. Fionza Consultants can facilitate translation services, ensuring effective communication with local authorities.

Technological Innovation

Taiwan’s commitment to tech innovation is evident in initiatives like the Taiwan Tech Arena, a government-funded program supporting global tech startups. With a rich talent pool ranked 5th by OECD’s PISA, Taiwan stands as a hub for tech ventures. Substantial funding support from the Ministry of Science and Technology adds a financial cushion for tech businesses.

Legal Framework

Taiwan’s impressive 15th global ranking in ease of doing business underscores its supportive regulatory environment. Free Trade Zones exempt foreign investors from certain regulations, easing their fiscal responsibilities. Recent cabinet-approved regulations further simplify foreign investment procedures, reducing barriers for international investors.

Environmental Stewardship

Ranked 40th on the Environmental Performance Index, Taiwan showcases a commitment to addressing environmental challenges. Collaborative efforts with the USA, such as the International Environmental Partnership, demonstrate Taiwan’s awareness of balancing industrial growth with environmental well-being.

In conclusion, Taiwan emerges as a strategic destination for foreign investors, offering political stability, economic advantages, a dynamic societal landscape, technological innovation, a supportive legal framework, and a commitment to environmental stewardship. Fionza Consultants stands ready to guide and assist international investors through a seamless incorporation process, leveraging the myriad opportunities Taiwan presents for business growth.
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[av_heading heading=’Find out more!’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-lm5tezp5′ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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Feel free to reach out to us with any inquiries about registering a company in Taiwan. Our team of specialists will respond promptly within the next 24 hours.
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[av_heading heading=’FAQ’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-1yx7hr’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

[av_toggle_container faq_markup=” initial=’0′ mode=’accordion’ sort=” styling=’av-minimal-toggle’ colors=’custom’ font_color=’#000000′ background_color=’rgba(123,176,231,0.25)’ border_color=” toggle_icon_color=’rgba(0,0,0,0.64)’ colors_current=” font_color_current=” toggle_icon_color_current=” background_current=” background_color_current=” background_gradient_current_direction=’vertical’ background_gradient_current_color1=’#000000′ background_gradient_current_color2=’#ffffff’ background_gradient_current_color3=” hover_colors=” hover_font_color=” hover_background_color=” hover_toggle_icon_color=” size-toggle=” av-desktop-font-size-toggle=” av-medium-font-size-toggle=” av-small-font-size-toggle=” av-mini-font-size-toggle=” size-content=” av-desktop-font-size-content=” av-medium-font-size-content=” av-small-font-size-content=” av-mini-font-size-content=” heading_tag=” heading_class=” alb_description=” id=” custom_class=” template_class=” av_uid=’av-lm5tlh9l’ sc_version=’1.0′ admin_preview_bg=”]
[av_toggle title=’How much does it cost to start a business in Taiwan?’ tags=” custom_id=” av_uid=’av-lm5tghky’ sc_version=’1.0′]

• While there are no paid-up capital requirements when starting a business in Taiwan, Fionza Consultants will recommend setting aside at least US$5,000 as your paid-up capital to fund your overhead expenditures as well as initial deposit for corporate bank account opening.

• As for Fionza Consultants’ engagement fees, this depends on the exact services required from Fionza Consultants. Our fees are inclusive of government fees and all fees will be clearly stated in our engagement letter prior to the start of the engagement. Fionza Consultants believes in transparency with our valued clients and there are no hidden fees.

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[av_toggle title=’Can I physically travel to Taiwan to work instead of setting up a Taiwan offshore company?’ tags=” custom_id=” av_uid=’av-lm5th7ec’ sc_version=’1.0′]

• Yes, this is possible if you have successfully attained a Taiwan work permit. In addition, you are required to increase your paid up capital depending on your business activities. Fionza Consultants is happy to assist you with securing the work permit through the Bureau of Consular Affairs.

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[av_toggle title=’Is it legal to use a virtual office instead of a physical office when setting up a company in Taiwan?’ tags=” custom_id=” av_uid=’av-lm5thtwx’ sc_version=’1.0′]

• Yes, virtual office is allowed. Most Taiwan offshore companies use the registered address of their local agents. Fionza Consultants is happy to provide our international clients with this service.

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[av_toggle title=’Is it easy for foreigners to open personal or business bank accounts in Taiwan?’ tags=” custom_id=” av_uid=’av-lm5tinq2′ sc_version=’1.0′]

• Fionza Consultants has many years of experience with personal or business bank account opening in Taiwan. There are a few considerations to take note of including your nationality, business activity and preferably Alien Permanent Resident Card (APRC).

• If you are located outside of Taiwan, business owners can sign a Power of Attorney (POA) to allow a representative of Fionza Consultants in Taiwan to open the business bank account on your behalf.

• We recommend you to speak to one of our banking consultants to evaluate the bank account openings.

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[av_toggle title=’Is Taiwan or Hong Kong a better jurisdiction for Asia business set up?’ tags=” custom_id=” av_uid=’av-lm5tj6td’ sc_version=’1.0′]

• Both jurisdictions are widely popular and have different pros and cons. Hong Kong offshore company has a very attractive tax regime while Taiwan offers Free Trade Zones and APRC.

• English is more widely used in corporate documents in Hong Kong, it may be more convenient for foreign companies that are proficient in English to set up their business in Hong Kong. This is as compared to Taiwan which only uses Traditional Chinese in their corporate documents.

• It ultimately depends on your personal and business goals. Are you planning to travel physically work in your new company as a foreigner? Are you planning to set up an offshore company?

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[av_toggle title=’What is the main export of Taiwan?’ tags=” custom_id=” av_uid=’av-lm5tjnz5′ sc_version=’1.0′]

• The most popular sectors are Service, Manufacturing and Semi-Conductors. As such, the jurisdiction’s main export include machinery, computers, medical apparatus and vehicles.

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[av_toggle title=’What is the biggest company in Taiwan?’ tags=” custom_id=” av_uid=’av-lm5tk6cd’ sc_version=’1.0′]

• The biggest company in Taiwan in terms of revenue earned and employees employed is the Hon Hai Precision Industry Co. Ltd., known more widely as Foxconn. Foxconn manufactures electronic products for companies in many other countries and was the world’s largest supplier of electronics manufacturing services in 2010.

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[av_toggle title=’How do I find a company registration number?’ tags=” custom_id=” av_uid=’av-lm5tkrxn’ sc_version=’1.0′]

• You can search for a company’s registration number via the Taiwan Commerce Industrial Services Portal.

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[av_toggle title=’How to start a small business in Taiwan?’ tags=” custom_id=” av_uid=’av-lm5tlfft’ sc_version=’1.0′]

• There are many types of small businesses which you can set up in Taiwan with a minimal amount of capital. The industry in which you choose to set up your business will depend on the skills and qualifications you possess as well as your business goal. You can refer to Fionza Consultant’s guide on how to start a business in Taiwan.

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