|
Company limited by shares |
Limited company |
Branch company |
Rep-Office |
Store |
| Capital structure |
Where the shareholders are foreign judicial (corporate) persons or individuals |
Where the shareholders are foreign judicial (corporate) persons or individuals |
Where the head office is a foreign corporation |
Where the head office is a foreign corporation |
Where the shareholders are individuals |
| Eligible to operate business? |
Yes |
Yes |
Yes |
No |
Yes |
| Eligible to import and export? |
Yes |
Yes |
Yes |
No |
Yes |
| Eligible to be a judicial (corporate) person? |
Yes |
Yes |
No |
No |
No |
| Minimum number of shareholders |
Two natural persons (individuals) or 1 judicial (corporate) person minimum |
One natural person (individual) or 1 judicial (corporate) person minimum |
Nil |
Nil |
One natural person |
| Minimum number of key personnel |
3 directors,
1 supervisor,
1 investment agent |
1 director,
1 investment agent |
1 representative,
1 manager |
1 representative |
1
investment agent |
| Requirements in business location |
The corporate premises must be registered in a location classified for commercial operation |
The corporate premises must be registered in a location classified for commercial operation |
The corporate premises must be registered in a location classified for commercial operation |
The corporate premises may be registered anywhere without any restriction |
The corporate premises must be registered in a location classified for commercial operation |
| Suggest
minimum capital required |
NT$50,000 which must be remitted into Taiwan from a foreign territory |
NT$50,000 which must be remitted into Taiwan from a foreign territory |
NT$50,000 which must be remitted into Taiwan from a foreign territory |
Nil |
NT$50,000 which must be remitted into Taiwan from a foreign territory |
| Eligible to issue stocks to public? |
Yes |
No |
No |
No |
No |
| Eligible to provide labor insurance/national health insurance for employees? |
Yes |
Yes |
Yes |
Yes |
Yes |
| Eligible to open bank account? |
Yes |
Yes |
Yes |
Yes |
Yes |
| Eligible to open account to invest in stocks? |
Yes |
Yes |
No |
No |
No |
| Application for foreign worker permit |
Managers, technicians |
Managers, technicians |
Managers, technicians |
Representative |
No |
| Uniform invoice required? |
Yes |
Yes |
Yes |
No |
Yes |
| Ratio of business tax (VAT) |
5% |
5% |
5% |
Nil |
5% |
| Ratio of income tax |
20% |
20% |
20% |
Nil |
20% |
| Ratio of withholding from earning allocation |
20% |
20% |
No withholding |
Nil |
20% |
| Ratio of extra tax on unappropriated retained earnings |
10% |
10% |
No extra tax |
Nil |
10% |
| Applicable targets |
‧ |
A good choice for large, medium sized enterprises to invest in Taiwan and make profit, and to invest in the entire world through public issuance of stocks. |
‧ |
A good choice for a foreign individual to obtain work permit in Taiwan by means of investment |
‧ |
May invest in stock market and real estate in Taiwan |
|
‧ |
A good choice for small and medium enterprises which can accept taxation up to 36%. |
‧ |
A good choice for a foreign individual to obtain a work permit in Taiwan by means of investment |
‧ |
May invest in stock market and real estate in Taiwan |
|
‧ |
A good choice for all sorts of enterprises which intend to gain high profits and high level tax savings. |
‧ |
A good choice for small and medium enterprises which can accept taxation up to 20% . |
|
‧ |
A good choice for a business which is not required to import and export or invoice in Taiwan. |
‧ |
A good choice for Taiwanese employees of Taiwan investors assigned to station in Mainland China but receive pay and get insured for labor insurance/national health insurance in Taiwan. |
‧ |
A good choice for a business which engages in offshore trade or render offshore technological services. |
|
‧ |
A good choice small business which
with low business rick. |
|
|
|
|
|
| Development & restrictions |
‧ |
May issue stocks to public and go listing in Taiwan Stock Exchange Corporation (TSEC) and OTC in Taiwan. |
‧ |
May set up branch(es) of its own in Taiwan. |
|
|
|
‧ |
Not permitted to issue stock to public until having been reorganized into a company limited by shares. |
‧ |
May set up branch(es) of its own in Taiwan. |
|
‧ |
May only have working capital in Taiwan but have no concept of shares. Not permitted to issue stocks to public. |
‧ |
Not permitted to invest in stock market in Taiwan |
‧ |
The Head Office may set up multiple branches in Taiwan. |
|
‧ |
Not permitted to operate business. |
‧ |
May only have working capital in Taiwan but have no concept of shares. Not permitted to issue stocks to public or to list in Taiwan Stock Exchange Corporation (TSEC) or OTC. |
|
‧ |
Can not change to company. |
‧ |
Can not hire foreign
worker. |
|
| Procedures of handing formalities |
| Authentication of the licenses and power of attorney of the parent company: |
| 5 days |
5 days |
5 days |
5 days |
5 days |
| Checking and verifying of company name: |
| 3 days |
3 days |
3 days |
-- |
3 days |
| Checking and verifying of the investment facts: |
| 5 days |
5 days |
-- |
-- |
5 days |
| Opening of bank account (by the responsible person in person): |
| 1 day |
1 day |
1 day |
-- |
1day |
| Inward remittance of capital for investment
: |
| 5 days |
5 days |
5 days |
-- |
5 days |
| Checking and verifying of the capital remitted for investment: |
| 5 days |
5 days |
5 days |
-- |
5 days |
| Corporate / Rep-office /
store registration: |
| 5 days |
5 days |
5 days |
-- |
5 days |
| Tax Registration: |
| 5 days |
5 days |
5 days |
5 days |
5 days |
| Responsible person go to the Tax Office
to interview : |
| 1 day |
1 day |
1 day |
-- |
1 day |
| The overall period required: |
| 35 days |
35 days |
30 days |
10 days |
35 days |
|
| Documents
which should be authenticated upon incorporation |
1. |
License of the parent company |
2. |
Power of attorney issued to the agent
for the investment formalities |
|
1. |
License of the parent company |
2. |
Power of attorney issued to the agent au34 for the investment formalities |
|
1. |
License of the parent company |
2. |
Articles of incorporation of the parent company |
3. |
Minutes of the parent company’s board of directors meeting |
4. |
Power of attorney of the
representative 5. Power of attorney of the
manager |
|
1. |
License of the parent company |
2. |
Power of attorney of the
representative |
|
1. |
Power
of attorney issued to the agent for the investment
formalities. |
|
|
|
| Documents to be downloaded |
Data collection list:
1. A case of multiple shareholders
2. A case of a single judicial (corporate) person shareholder |
Data collection list:
1.
A case of multiple shareholders
2. A case of a single judicial (corporate) person shareholder
3.
A case of a single natural person (individual) shareholder |
Data collection list |
Data collection list |
Data collection list |
