Step 4: Company Registration, Incorporation and Business Permits in Taiwan
Step 4 of Good Earth CPA’s six-step guide to registering a business in Taiwan explains who files the registration and incorporation applications and which businesses need special permits or licenses.
Registration Applications and Business Licenses
Who Files the Registration and Incorporation Applications?
Foreign individuals and foreign entities investing in Taiwan are required to engage a professional agent, either a Certified Public Accountant (CPA) or a lawyer, to prepare the documentation and file all applications for the investment.
Which Businesses Need Special Permits or Licenses in Taiwan?
Some types of business need a special license, and your registered company will then have to apply for it. Examples:
- Professional services such as construction, civil engineering and architecture need an occupational license.
- Certain types of business activities need a Business Activity License.
- Certain types of business, such as travel agencies and foreign worker employment agencies, need to apply for a Special License and provide a guarantee bond to operate the business.
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