Business Registration in Taiwan

Taiwan is one of the world’s largest producers of computer-related products, and boasts an extensive, well-established network of industrial zones and a growing number of high-technology industry clusters, which are supported by high-quality human resources. And, Taiwan’s rise to prominence in the IT industry has sparked a growing industrial research and development sector.

While investing in Taiwan, the most common business organizations are the limited company and the company limited by shares.

• The limited company, organized by at least 1 shareholder with each shareholder liable only for their capital contribution.
• The company limited by shares, which must have at least 2 shareholders whose liability is restricted to the division of the total capital allotted to each shareholder.

Standard Requirement for Taiwan Limited Company

	Taiwan Subsidiary (Limited)	Taiwan Branch	Taiwan Representative Office
Proposed company name	Both English and Chinese are acceptable
Standard authorised share capital	NT$500,000 at NT$1 each	N/A	N/A
Minimum share capital	NT$500,000	N/A	N/A
Minimum shareholder	1 Natural person or legal entity	No	No
Minimum director	1 Natural person or legal entity	No	No
Time required	25 - 30 Working days	20 Working days	14 Working days

Tax System in Taiwan

All sales of goods and provision of services in Taiwan, as well as all imports of goods into Taiwan, are subject to Business Tax ("BT"). The "BT" is imposed under two systems: the VAT system (5%) and the Non-VAT system (0.1% - 25%). Apart from the "BT", the profit seeking enterprise in Taiwan also subject to 17% of corporate tax. If the company distributes profit to foreign shareholders, a 10% withholding tax will be charged on the dividends paid.

 

Additional Services:     Taiwan Virtual Office          Taiwan Serviced Office