Taiwan company registration

Taiwan company registration

DOING BUSINESS IN TAIWAN

Since 2003, Healy Consultants has been efficiently and effectively assisting our Clients with i) Taiwan business registration ii) business licensing iii) Taiwan corporate banking solutions iv) visa options and staff recruitment strategies and v) workspace rental solutions.

SummaryLimited Liability CompanyLimited Liability PartnershipRepresentative officeBranch
Best use of company?Trading CompanyProfessional ServicesMarketing and researchConsolidating income and expenses
Legally tax exempt if properly structured?NoNoYesNo
Corporate bank account location?HSBCStandard Chartered BankDeutsche BankCitibank
Client must travel to Taiwan for company formation?NoNoNoNo
Can secure trade finance?YesYesNoYes
Limited liability entity?YesYesNoNo
VAT payable on sales to local customers?5%5%0%5%
Withholding tax on payments to overseas shareholders?20%20%0%0%
Average total engagement costs?US$13,040US$13,040US$13,490US$14,040
Average total engagement period?11 weeks11 weeks12 weeks12 weeks
Accounting and tax considerationsLimited Liability CompanyLimited Liability PartnershipRepresentative officeBranch
Statutory corporation tax payable?17%0%0%17%
Must file an annual Taiwan tax return?YesYesNoYes
Must file annual financial statements?YesYesYesYes
Access to double taxation treaties?YesYesNoYes
This entity enjoys Government incentives?YesYesNoYes
Bimensal VAT reporting to the Government?YesYesNoYes
Legally tax exempt entity?NoNoYesNo
Dividends received are legally tax exempt?NoNoNoNo
Company registrationLimited Liability CompanyLimited Liability PartnershipRepresentative officeBranch
Taiwan resident director\partner\manager\agent required?NoNoNoNo
Minimum number of shareholders\partners?12Parent companyParent company
Minimum number of directors/managers/agents?1111
Minimum paid up share capital?NoneNoneNoneNone
Shelf companies available?YesNoNoNo
Time to incorporate a new entity?3 weeks3 weeks4 weeks4 weeks
Can easily convert to a local PLC?YesNoNoNo
Can have preference shareholders?YesNoNoNo
Business considerationsLimited Liability CompanyLimited Liability PartnershipRepresentative officeBranch
Can invoice local customers?YesYesNoYes
Can hire local staff?YesYesYesYes
Can rent local office space?YesYesYesYes
This entity can secure residence visa for business owner?YesYesNoYes
Good entity for trademark registration?YesYesNoYes
Government foreign investment approval is required?YesYesYesYes
Other useful informationLimited Liability CompanyLimited Liability PartnershipRepresentative officeBranch

Taiwan has signed free trade agreements?Yes
This country is a member of WIPO?No
This country is a member of TRIPS?Yes
The country is a member of the ICSID?No
Average customs duties suffered?7%
CBD monthly office rental? (US$ per sq m)US$61
Minimum statutory monthly salary?US$663
Average monthly US$ salary for local employees?US$808
New Taiwan Dollar deposit interest rate? (1 year average)1.00%
US$ deposit interest rate? (1 year average)0.20%
Overseas remittance currency controls?Yes
Public register of shareholders and directors?Yes
Banking considerations
Multi-currency bank accounts available?Yes
Corporate visa debit cards available?Yes
Quality of e-banking platform?Good
Crowd funding available in this country?Yes


Contact us

For additional information on our company registration services in Taiwan, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
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