Business Registration
Step-by-Step Guide
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
Step 1:
Decide on a Business Structure
The body administering the requirements of the Company Act is the Ministry of Economic Affairs (MOEA).
Step 2:
Chinese and English Company Name Approval
The first procedure in the incorporation or registration process is the approval and reservation of the Chinese and English company name.
Step 3:
Find Premises
A lease contract for a legal business address is one of the important documents when filing for incorporation.
Step 4:
Registration, Incorporation and Permit
Registration, Incorporation and Permit, in order to register a corporation in Taiwan, foreign individuals and entities are required to engage a professional agent.
Step 5:
Taxation
In general, Taiwan Tax Laws and Tax Rates, either for Income Tax or VAT (GST), are reasonable and friendly, but of course Taiwan is still in many respects a developing country, which can often work to your advantage.
Step6:
Case study: registering a private limited liability company
This example shows the most common form of foreign-owned business in Taiwan: the Private Limited Liability Company (LTD).