Foreign Company Registration in Taiwan: A Comprehensive Guide

by Linka Co Working Space

Are you an expat looking to start a business in Taiwan? Linka Co Working Space, Taipei's premier coworking destination, is here to guide you through the process of foreign company registration. With our central location, top-notch facilities, and business support services, we're uniquely positioned to help you navigate the complexities of setting up your company in Taiwan.

Why Choose Taiwan for Your Business?

Taiwan offers numerous advantages for foreign entrepreneurs:

1. 100% foreign ownership allowed
2. Low cost of living
3. Thriving business ecosystem
4. Government support for international companies

Steps to Register a Limited Company in Taiwan

At Linka Co Working Space, we understand the importance of a smooth registration process. Here's a step-by-step guide to help you get started:

1. Company Name Search and Reservation

• Submit applications online or by mail
• The company name must be in Chinese

2. Foreign Investment Approval

• Submit required documents to MOEA
• Include a business plan for company setup
• Processing time: 2 weeks to 1 month

3. Preparatory Bank Account Opening and Capital Injection

• Choose a local bank (consider requirements, e-banking options, and fees)
• Inject capital from an overseas account in foreign currency
• CPA audit required

4. Business Registration

• File with the Department of Commerce, MOEA
• Processing time: about 2 weeks

5. Tax Registration

• File for tax registration (2-3 weeks processing time)
• Attend a tax interview

6. Transfer to Official Bank Account

• Convert preparatory account to official account
• Set up e-banking for online transactions

FAQs About Foreign Company Registration in Taiwan

1. Can foreigners own 100% of a Taiwan company?
   ‍Yes, foreign individuals or corporations can hold 100% ownership.
2. What's the minimum capital requirement?
   ‍While there's no official minimum, we recommend at least NTD 200,000 to cover initial operating costs.
3. Can I open a bank account remotely?
   ‍Some multinational banks offer remote account opening. Linka Co Working Space can assist you in finding the right banking partner.
4. What's the difference between a limited company and a branch?
   ‍A limited company is a separate legal entity, while a branch is an extension of its headquarters.
5. How long does the registration process take?
   ‍The entire process typically takes about 11 weeks.

Why Choose Linka Co Working Space for Your Taiwan Business Journey?

At Linka Co Working Space, we offer more than just a modern, flexible workspace:

• Expert guidance on company registration processes
• Network of professional contacts (legal, accounting, banking)
• Prime location in Taipei for easy access to government offices
• Community of like-minded entrepreneurs and professionals
• Flexible workspace solutions as your business grows

Don't navigate the complexities of foreign company registration alone. Let Linka Co Working Space be your partner in establishing and growing your business in Taiwan. Contact us today to learn more about our services and how we can support your entrepreneurial journey in Taipei.

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