Register a Company
in taiwan for Foreigners
Helping you to complete all of the processes and save you the trouble! All you have to do is to provide your company's name & business plans to us!
Foreigner's Company Registration Process
Step 1 :
Preliminary check of company's intended name and do Power Of Attorney (POA).
Step 2 :
Apply to the Investment Commission, MOEA for Foreign Investment Approval.
Step 3 :
Apply to the Investment Commission, MOEA for proof of capital remittance with bank account open and inward remittance for the capital investment.
Step 4 :
Tax registration and Import registration.
Application for work permit and Alien Resident Permit.
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What do you want to know?
1. Can foreign nationals set up a company in Taiwan?
Yes, any foreign nationals can set up a company in Taiwan, but those cases should be reviewed by Investment Commission of the Ministry of Economic Affairs (MOEAIC). The whole process should be given 2-6 months.
2. Any area of investments is NOT allowed for foreign nationals to set up their companies in Taiwan?
In general, there are no strict restrictions for foreign nationals to set up their new companies here, only a few business areas restrict foreigners’ operations. The first step is to check whether the name for your business has been taken or not and to list the service items one by one. Certain businesses require additional special approval according to their type of activity (e.g. medical equipment, tobacco & alcohol imports, travel agencies, construction, etc.). Some business needs licenses from the government (e.g. immigration companies, real estate agencies and drug dealers, etc.)
3. Is there a minimum capital limit to set up a new company in Taiwan?
No, one dollar can start a company. However, the amount of capital will be audited by an independent certified public accountant and the standards will be based on different auditors. Meanwhile, the amount of capital is publicly available information, and it must be considered the corporate image.
4. How much registered capital does a new company need?
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 reviewing by Investment Commission of the Ministry of Economic Affairs (MOEAIC) and should be enough to run the company.
5. Can a foreigner be a sole proprietorship or to set up a new company with people who obtain another nationality?
Yes. Foreigners can be sole proprietorships or have joint venture partners who obtain another nationality (includes Taiwanese). If the funds involve foreign investment, they must be reviewed and approved by Investment Commission of the Ministry of Economic Affairs (MOEAIC). However, to apply for a foreign manager’s work permit, foreign capital must account for more than 1/3 of the capital.
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