Streamline your entity setup in Taiwan
Our comprehensive end-to-end solution will help your company to establish a legal entity in Taiwan. We deliver a strategic approach by enabling our clients the ability to retain the same quality of legal compliance as their own in-country subsidiaries. Taiwan offers promising foreign investment opportunities for companies looking to expand into the country. Taiwan has various tax incentives like special tax systems for specific industries and other incentives designed to encourage foreign investment. The country has developed customized and simplified solutions for investors to open businesses in Taiwan.
Taiwan is part of the 4 Asian Tigers and has been recognized for its innovation and willingness to embrace new technology. Additionally, many of its industries have been deregulated and are available for foreign investment.
New Horizons is Taiwan’s most trusted incorporation partner to foreign clients. This expertise allows businesses to establish local entities efficiently, reliably, and compliantly.
Streamline your entity setup
Our approach to company incorporation in Taiwan.
Taiwan offers a lucrative opportunity to create and manage a local company of your own. We can work with you to identify a company structure that best aligns with your in-country strategy and long-term development plans.
By partnering with New Horizons Global Partners, we’ll help you manage your company’s end-to-end incorporation. This includes:
- Handling payroll setup and registration. Once incorporation is complete, we transition employees from their current employment status – under our PEO – into that of your company.
- Overseeing the same benefits your company has been providing to your foreign employees under the ownership of your new subsidiary.
- Gathering local employment contracts and legally mandated materials for the establishment of your new entity.
- Strategic guidance in matters concerning contract negotiations with employees.
Companies that are incorporated in other countries may opt to establish a branch office in Taiwan where they can conduct business within the country. Before business can be conducted, the foreign branch must obtain a certificate of recognition and must be registered with the local authorities.
Branch offices in Taiwan have the same rights and responsibilities as domestic companies. They are owned by a foreign company. However, they are not considered a separate legal entity from the parent company, which assumes all liabilities of the branch office. To establish a branch office, you must have an agent who can be a foreign national.
Branch offices do not have a minimum capital requirement, but the parent company should provide enough funds to handle operations in Taiwan before the company is established. The company must provide a minimum capital investment of NT$5 million if it wants to employ foreigners in Taiwan during the first year of business.
The profits that the branch office earns are not taxed on repatriation to the parent company.
Branch offices are often established when the business is involved in highly regulated sectors, such as financial services, banking or insurance.
Representative offices can be established to conduct certain non-commercial activities in Taiwan. Foreign companies may choose to use this type of office if they are not planning to conduct business out of the office but instead want to participate in limited acts regarding their business, such as market research, brand marketing activities and research and development. These offices cannot generate revenue.
The company must appoint a resident as a manager and a representative for the application process. This person signs contracts on behalf of the company and handles other legal matters.
Because the types of activities that can be conducted at the a representative office are so restricted, this option should only be used when the company does not need to complete income-generating activity here. It is ideal for businesses that want to establish a limited presence while considering more permanent arrangements in Taiwan.
The process to incorporate a representative office is straightforward and simpler than establishing other types of entities in Taiwan. The office must complete an application that includes the following information:
- Application form
- Documentation that certifies the agent’s identity and residence
- Documentation that certifies the establishment of the foreign company in its country of residence
- Lease contract for the representative office
- Copy of the registration card.
Guided assistance through the incorporation process
The local experts at New Horizons can assist you with every critical step involved in the incorporation process.
You must submit an application to search for and reserve an available company name to the Department of Commerce of the Ministry of Economic Affairs. You must also provide information about the scope of your business at this juncture.
Applying for approval for foreign investment
You must obtain approval for foreign investments from the Ministry of Economic Affairs’ Investment Commission if the company is a foreign investor. Your local agent will typically submit the application. The government agency or a court where your company is located may notarize or authenticate your application documents. These documents must be translated in Chinese.
You must submit a variety of documents at this stage, including your approved application to reserve your company name, a confirmed list of shareholders and the capital amount, your corporate representative’s passport and any power of attorney documentation that you have executed to carry out these legal processes.
Applying for examination of investment capital
The Investment Commission must examine foreign investment capital from foreign companies or partners. They must obtain approval for foreign investment and then inject investment capital into Taiwan. You may have to provide additional documentation from your bank account in Taiwan.
informed decision about the type of business entity to establish in Australia.
New Horizons also offers additional employment solutions, including recruitment and PEO services. Our business services for Australia allow you to outsource the responsibilities associated with being a direct employer of a staff. Our innovative solution allows you to delegate administrative functions to our talented team of experts while you maintain day-to-day control over your staff. This solution allows you to work within a defined budget, scale your business up or down as the market requires and insulate you from liabilities associated with employment. Because Australia’s labor laws are so complex, using a PEO allows you to delegate the responsibility of compliance to a local, trusted team of experts.
Applying for company registration
The shareholders must approve the articles of incorporation and then must apply for company registration within 15 days from this date of approval. To register your company, you must submit the following documentation:
- Application form
- Articles of incorporation
- Board minutes from the incorporation meeting
- Board minutes for the director’s meeting and attendance record
- Contact and identification information for each shareholder and the number of shares provided to each shareholder
- Board of directors chairman’s consent letter
- Incorporation registration form
- Report that verifies paid-in capital and supporting documentation
- Other approval letters from authorities, if necessary
- Any power of attorney documentation that you have executed to carry out these legal processes
- 1/4000 of the company’s authorized capital
Applying for recognition of a foreign company and branch registration
If you are establishing a branch office, your parent company must apply for the recognition of the foreign company and to register the branch in Taiwan with the Department of Commerce of the Ministry of Economic Affairs. You will be required to submit a variety of documents to complete this step, including:
- Copy of the application to reserve the company name with the Ministry of Economic Affairs’ approval seal
- Two copies of the registration card for recognition of a foreign company
- Two copies of the registration card for branch registration
- Application letter
- Articles of incorporation and bylaws
- Minutes of the board of directors’ meeting
- Copy of the notice of inward remittance and exchange memo for operating capital that is injected into Taiwan
- Power of attorney documents to effectuate the legal processing, including any to appoint an agent or branch manager
- 1/4000 of the company’s authorized capital
Applying for the english name and registration of an importer/exporter
If your business will import or export products from abroad, you must reserve a trading name with the Ministry of Economic Affairs’ Bureau of Foreign Trade. You must then register your company under the English name.
Applying for factory registration in industrial parks
If your business will be involved in large-scale manufacturing, you may have to undergo a more comprehensive registration process.
Pre & post-incorporation services
New Horizons provides companies with both pre and post-incorporation services as part of our entity setup solution.
With pre-incorporation, you can use our PEO service to immediately establish a global workforce in Taiwan while you await the completion of your company incorporation. Once the setup is complete, we will seamlessly transition your foreign employees from our international PEO directly to your company’s new subsidiary.
Our post-incorporation experts support ongoing monthly and annual compliance services in order for our clients to continue operating compliantly on-site, giving you the ability to primarily focus on local operations.
By partnering with New Horizons Global Partners for your company incorporation in Taiwan, you can save time and money while ensuring that the entire process will be handled efficiently, reliably, and with full compliance to local laws.