Do I need to live in Taiwan to start and run a company?
No, in Taiwan, that isn’t necessary at all. However, if you want to live in Taiwan, you will need to apply for an Alien Resident Certificate (ARC). To get the ARC, you can either apply for a work permit or other reasons.
Do I have to go to Taiwan to start a company?
No, however, you might need to go there to open a business bank account.
Do I have to go to Taiwan to open a business bank account?
If you are able to find a bank to allow you to assign an agency to open the bank account on your behalf using a legalized POA, you will not need to come to Taiwan. Otherwise, you still need to go there personally.
How long does it take to start a company in Taiwan?
It takes around 2-3 months.
Can a foreigner own 100% shareholder of a Taiwan company?
Yes. According to the Taiwan Companies Act, foreigners can own 100% of the shares of a Taiwan company.
What is the minimum amount of capital to set up a company?
There is no capital limit for foreign companies. If foreign nationals need to apply for a foreign manager work permit, the amount of capital should not be less than NTD500,000 (basic standard). If foreign nationals need to increase the amount of capital in the foreseeable future, he/she can apply for it later. In addition, the amount of capital should be considered the result of review by the Investment Commission of the Ministry of Economic Affairs (MOEAIC) and should be enough to run the company.
To find out more please visit our website:
https://www.taiwanbusinessinvestment.com/taiwanforeigncompanyregistration
