Located off the south-eastern coast of mainland China, Taiwan is the 7th largest economy in Asia. Given its geographic advantages, business-friendly policies and stable business environment, multinational companies and individuals often utilize Taiwan as a strategic location to serve emerging consumer markets such as China, Japan and the ASEAN region. With low inflation, low unemployment, consistent trade surpluses and high amounts of foreign reserves, company formation in Taiwan has become a popular means to do business in Asia. Taiwan has thus become one of the world’s most successful economies over the past several decades and represents an attractive destination for international investors.
Company formation in Taiwan only requires a minimum of only 1 shareholder and 1 director, however corporate directors are not allowed. There are no nationality or residency restrictions imposed on these two positions. In addition, the position of company secretary and supervisor are not required under Taiwan Company Law.
Unlike many other countries, Taiwan does not impose requirements on the minimum amount of registered capital. However, Taiwan formed companies are required to engage a practicing accountant in Taiwan to issue a capital verification report upon successful injection of the registered capital.
A Taiwan company must maintain a registered business address in Taiwan. The registered address must be a physical address as PO Boxes cannot be used. In addition, such addresses must be located in a commercial building.
Yes. The identities of the directors and supervisor of a Taiwan company are publicly disclosed while the identities of the shareholders are not. However, to the extent that a shareholder also acts as a director or supervisor (including corporate shareholders), their identity will be disclosed.
Company formation in Taiwan typically takes approximately 4 to 6 weeks.
No. It is not possible to purchase such a company. Parties interested in conducting business in Taiwan should undergo the company formation process to create a new Taiwan company.
To conduct business in Taiwan, special licenses/permits are required for certain business activities. Such activities include banking, securities, telecommunications and manufacturing. Besides this, Taiwan companies may carry on its business after the completion of its company formation process and business registration.