Step 2: Chinese Company Name Approval and Reservation in Taiwan
Step 2 of Good Earth CPA’s six-step guide to registering a business in Taiwan explains how the Chinese company name is approved and reserved before incorporation.
Name Approval Process and Naming Rules
How Is a Chinese Company Name Approved in Taiwan?
The approval and reservation of the Chinese company name is the first procedure of the incorporation or registration process in Taiwan.
To apply, you provide an identity number, such as the passport number of the company’s responsible person, and state the type of business you intend to do in Taiwan.
How Long Does Name Approval Take?
Approval of a Chinese company name usually takes one to three days. Once approved, the name is reserved for you for six months, and the reservation can be extended by one additional month if needed.
How to Choose a Company Name That Will Be Approved
Before submitting a proposed name, research existing business names so that you do not submit a name identical or too similar to one already reserved by another company.
- To avoid any trade mark infringement, search for trade marks at the Intellectual Property Office of Taiwan.
- Avoid any derogatory, offensive or obscene names.
- Avoid names identical with or too similar to names already reserved.
Good Earth CPA’s Step-by-Step Guide to Business Registration in Taiwan
This guide provides a structured approach to starting various types of businesses, such as a branch office, a representative office, a private limited liability company or a company limited by shares as a subsidiary, a general partnership, a limited partnership, or a sole proprietorship for registration in Taiwan.
Step 1: Decide on a Business Structure
Step 2: Get Chinese and English Company Name Approval
Step 3: Find Premises
Step 4: Obtain Registration, Incorporation and Permit
Step 5: Taxation
Step 6: A case study: Registering a Private Limited Liability Company