Due to the flexibility that this option provides and slight administrative requirements, limited liability companies are an attractive option for many foreign businesses, including those that wish to establish a subsidiary in Taiwan. To register your company, you must submit the following documentation: If you are establishing a branch office, your parent company must apply for the recognition of the foreign company and to register the branch in Taiwan with the Department of Commerce of the Ministry of Economic Affairs. STA Law Firm Limited is a company incorporated pursuant to Abu Dhabi Global Market Companies Regulations. Your local agent will typically submit the application. You must also provide information about the scope of your business at this juncture. You must submit an application to search for and reserve an available company name to the Department of Commerce of the Ministry of Economic Affairs. It is required to file VAT return every 2 months and profit tax return by the end of May every year. Company formation in Taiwan The first steps in establishing a company in Taiwan refer to choosing a type of legal structure for your business. © Copyright 2020 STA Law Firm All Rights Reserved. Corporate Lawyers in Dubai... STA Law firm has a dedicated team of franchise lawyers who advises and counsels the franchise arrangements, structuring franchise programs, franchise network and distribution. In today’s competitive business environment the mining industry is becoming a very attractive option for foreign investors. The process to establish a limited liability company is more involved than some of the other options for establishing a separate legal entity in Taiwan. The office must complete an application that includes the following information: The local experts at New Horizons can assist you with every critical step involved in the incorporation process. When two or more professionals want to establish a business together in Taiwan, they may choose a limited partnership. Information of director is accessible publicly after incorporation. Expert advice on ship building, ship fiance, sale and purchase, compliance, due diligence and more. New Horizons also offers additional employment solutions, including recruitment and, Unlimited company with limited liability shareholders, Documentation that certifies the agent’s identity and residence, Documentation that certifies the establishment of the foreign company in its country of residence, Lease contract for the representative office, Board minutes from the incorporation meeting, Board minutes for the director’s meeting and attendance record, Contact and identification information for each shareholder and the number of shares provided to each shareholder, Board of directors chairman’s consent letter, Report that verifies paid-in capital and supporting documentation, Other approval letters from authorities, if necessary, Any power of attorney documentation that you have executed to carry out these legal processes, 1/4000 of the company’s authorized capital, Copy of the application to reserve the company name with the Ministry of Economic Affairs’ approval seal, Two copies of the registration card for recognition of a foreign company, Two copies of the registration card for branch registration, Minutes of the board of directors’ meeting, Copy of the notice of inward remittance and exchange memo for operating capital that is injected into Taiwan, Power of attorney documents to effectuate the legal processing, including any to appoint an agent or branch manager. Additionally, many of its industries have been deregulated and are available for foreign investment. Taiwan company formation and bank account opening are very simple and convenient. Our business services for Australia allow you to outsource the responsibilities associated with being a direct employer of a staff. STA Legal Consultants FZC is incorporated pursuant to applicable federal and local laws of Ras Al Khaimah. Do you need a local address for your business? Many companies need additional solutions to help operate their business while waiting for the finalization of the incorporation process. What differences exist between these? Request A Quotation. Set up a branch office with our help! The Republic of China, better known as Taiwan is a small island off the southeastern coast of mainland China across the Taiwan Strait, with the East China Sea to the north, and the Philippine Sea to the east. Limited partnerships in Taiwan cannot hire foreigners. It is ideal for businesses that want to establish a limited presence while considering more permanent arrangements in Taiwan. The partners must be human persons and not companies. To establish a branch office, you must have an agent who can be a foreign national. One of the partners must be a general partner who is personally liable for any of the company’s debt or tax and who must be a resident of Taiwan. informed decision about the type of business entity to establish in Australia. Our innovative solution allows you to delegate administrative functions to our talented team of experts while you maintain day-to-day control over your staff. | Privacy Policy | Terms Of Service. When you open a company in Taiwan you will also need a corporate bank account. They must obtain approval for foreign investment and then inject investment capital into Taiwan. Home » Taiwan Services » Company Formation in Taiwan Guide to Company Setup in Taiwan Foreign investors are flocking to Taiwan because of the attractive foreign investment policies that encourage foreign investment, including various tax incentives like special tax systems for specific industries and other incentives designed to encourage foreign investment . The most common types of legal forms are: Shipping and Maritime Law Firm - UAE, Middle East, Asia and Europe. .. These documents must be translated in Chinese. They are not subject to corporate income tax. Before business can be conducted, the foreign branch must obtain a certificate of recognition and must be registered with the local authorities. All in all, Taiwan espouses the liberal market ideals upon which the modern economic system is built. Register your Email ID to subscribe to Court Uncourt. It is important to know that foreigners can be the founders of a partnership, but only as long as they are natural persons, since this structure is not available for corporate bodies. Our lawyers advice on all types of vessel including bulk carriers, tankers, cruise ships, offshore rigs and support vessels.... STA's Team of Lawyers in Abu Dhabi, Bahrain, Doha, UAE, Luxembourg, Moscow, RAK, Sharjah, and Singapore. We offer complete assistance in the company formation process in Taiwan. Taiwan Company Formation. STA (the Firm) represents a group of internationally qualified counsels. There are no minimum capital requirements for a company limited by shares or for a limited company unless the business is in a sector where special permits or approvals are required. Branch offices are often established when the business is involved in highly regulated sectors, such as financial services, banking or insurance. We can also expertly guide you through the incorporation and registration process. However, a company that wants to employ foreigners to work in Taiwan within the first year must provide a minimum start-up capital amount of NT$5 million. Thanks for your inquiry. At least one shareholder and one director are necessary to form this type of business entity, both of whom can be non-resident foreigners. Most foreign investors who want a legal presence in Taiwan establish a limited liability company. You must obtain approval for foreign investments from the Ministry of Economic Affairs’ Investment Commission if the company is a foreign investor. Foreign companies may choose to use this type of office if they are not planning to conduct business out of the office but instead want to participate in limited acts regarding their business, such as market research, brand marketing activities and research and development. The Firm’s trademark and intellectual property is assigned in favor of the affiliates for all purposes in accordance with the assignment agreement.
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