How to register Branch in Taiwan?

The procedures  and requirements while setting up a  foreign-owned Taiwan branch; Bank opening in Taiwan in the Covid-19 period; Tax ID , Employer Withholding ID , VAT ID etc.

Send an email to tpe4ww.elr@evershinecpa.com

Or call in Taipei Time Zone (GT+8)
Manager Jerry Chu, USA Graduate School Alumni and a well-English speaker
Mobile: +886-939-357-735
Tel No.: +886-2-2717-0515 ext. 103

Which one we should set up in Taiwan?  Subsidiary ? Branch? or Representative office ?
( please link above to get more detailing information)

Branch Registration Services( abbreviated as  ELR-BRA)
1. Procedures
1.1 Reservation of Company Name & Business Scope (2 days)
1.2 Branch Registration Pre-approval (10 days*)
1.3 Open a preparatory bank account** and remit the working capital (varied)
1.4 Working Capital audited by a CPA (1 day)
1.5 Capital Verification to complete the Branch Registration (7 days*)
1.6 Business (Tax) Registration (6 days)
1.7 Exporter & Importer Registration (1 day)
1.8 MOEACA IC Card Application (5 days)
1.9 Account Conversion & Online Banking Application
** (1 day) * Some cases will take more time.
** For the account opening & online banking application, the Branch Manager requires attending in person.

2.Required documents
2.1 Proposed name in English & Chinese
2.2 The amount of Working Capital
2.3 Photocopy of the Certificate of Incorporation
2.4 Power of Attorney appointing the Branch Manager
2.5 Power of Attorney appointing the Responsible Person
2.6 Power of Attorney* to appoint the investment agent (Evershine) to handle the relevant applications
2.7 Branch Manager’s Passport and Driver License copy
2.8 Responsible Person’s Passport and Driver License copy
2.9 Shareholder Structure
2.10 Registered Office Address documents:
2.10.1 Consent Letter signed by the Landlord, and
2.10.2 Copy of the house tax statement, and
2.10.3 Tenancy Agreement
* We will provide you the templates for items 2.4 to 2.6.
* For items 2.10.1 to 2.10.3, when using our virtual office address services, Evershine will prepare them.
* The items 2.4 to 2.6, we need the original.
* The above quotation would not include the special permit application when your branch office needs to be permitted in advance.
* The above quotation would not include the foreign investment from the P.R.C. shareholder.

Registered Office Address( abbreviated as  ELR-VRA)
Branch registration requires a registered office address. If you need us to arrange a registered office address, the rental fee is USD 1,800 for 12 months (USD 150 per month) paid directly to the Landlord. This service fee is not refundable once paid.

Government fee for ELR( abbreviated as  ELR-GOV)
The Government fee: NTD 170 for name reservation, NTD 2,000 for branch registration (if the working capital is below NTD 4,000,000), and NTD 420 for MOEACA IC Card.

Out-of-Pocket Expenses( abbreviated as  ELR-OPE)
These expenses caused by handling your branch office set-up including taxi, stamp, Federal Express, etc.

Bank Account Opening Assistance( abbreviated as  ELI-IBA)
Evershine’s staff will accompany client to the bank and provide the relevant assistance. Whether or not the client can establish an account is on the bank’s decision.

MOEACA IC Card( abbreviated as  ELI-ICC)
If you would like to hire employees, you need to apply the MOEACA IC Card.

Business (Tax) Registration( abbreviated as  ELI-TBP)
1. The Representative will need to attend the Taxation Bureau in person.
2. Obtain the license to purchase blank GUI.

Customs Import and Export Licence( abbreviated as  ELI-CIE)
Before your branch office import or export, you will need to get this licence.

Government Fee for ELI( abbreviated as  ELI-GOV)
The fee will be paid to the Government Authorities.

Out-of-pocket expenses for ELI( abbreviated as  ELI-OPE)
The expense causes by handling your branch office’s initiate business operation application, including taxi, stamp, Federal Express, etc.

(version:2021/05, subject to change)

Contact Us

E-mail: tpe4ww@evershinecpa.com
or
Contact us during office hours  (Taipei and China Time Zone)
Manager Jerry Chu, USA Graduate School Alumni and a well-English speaker
Mobile: +886-939-357-735
Tel No.: +886-2-2717-0515 ext. 103

Additional Information

Taipei Evershine CPAs Firm

6th Floor, 378 Chang Chun Rd.,Zhongshan Dist., Taipei City, Taiwan R.O.C.
Near MRT Nanjing Fuxing Station
Principal Partner :
Dale C.C. Chen
CPA in Taiwan+China+UK/ MBA+DBA/ Patent Attorney in Taiwan
Mobile: +86-139-1048-6278 in China ;
Mobile:+886-933920199 in Taipei
Wechat ID: evershiinecpa ;
Line ID:evershinecpa
skype:daleccchen ;
Linking Address:   Dale Chen Linkedin

Evershine Global Service Sites for Reference:

Taipei Evershine,
Xiamen Evershine, Beijing Evershine, Shanghai Evershine,
New York Evershine, San Francisco Evershine, Houston Evershine,
Tokyo Evershine,  Seoul Evershine,
Hanoi EvershineHo Chi Minh,
Bangkok Evershine, Singapore Evershine, Kuala Lumpur Evershine,
Jakarta Evershine, Manila Evershine,
Melbourne Evershine,  Sydney Evershine,
New Delhi Evershine, Mumbai Evershine,
Frankfurt Evershine, London EvershineToronto Evershine.

Other cities with existent clients:
Miami, Atlanta, Oklahoma, Phoenix, Michigan, Seattle, Delaware;
Berlin, Stuttgart;Paris;Amsterdam; Prague; Czech Republic; Bucharest;
Bangalore; Surabaya;
Kaohsiung, Hong Kong, Shenzhen, Donguan, Guangzhou, Qingyuan, Yongkang, Hangzhou, Suzhou, Kunshan, Nanjing, Chongqing, Xuchang, Qingdao, Tianjin.

Evershine Potential Serviceable City (2 months preparatory period):
Evershine CPAs Firm is an IAPA member firm headquartered in London, with 300 member offices worldwide and approximately 10,000 employees.
Evershine CPAs Firm is a LEA member headquartered in Chicago, USA, it has 600 member offices worldwide and employs approximately 28,000 people.
Besides, Evershine is Taiwan local Partner of ADP Streamline ®.

We provide multi-cities one-stop service  supported by cloud accounting and payroll system.
We can arrange services for your company’s overseas subsidiaries.

Please contact us by email at tpe4ww HQ4TPE@evershinecpa.com

More Cities and More Services please click  Sitemap

All Services in Taiwan

Company registration,Open bank account,
Work Permit and Visa application;
Online Accounting Services,Payment Services,
Payroll compliance Services, Labor Management Services
Tax Compliance Services; VAT and Income Tax
B2B Digital Marketing Services; Trademark Registration;
Patent application; Due Diligence for M&A project,

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Taiwan Tax Benefit

For enterprises that received approval for this tax benefit, the withholding tax rate on its income from Taiwan will be reduced from 20% to 3% or 2%.
Businesses whose headquarters are outside of Taiwan must apply for the tax benefit described in Article 25 of Income Tax Act with the Ministry of Finance and 15% of its business revenue within Taiwan would be the taxable income.

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Due Diligence in Taiwan

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Including both Financial Due Diligence (FDD) and Legal Due Diligence(LDD).
Evershine CPAs Firm is well-experienced in doing these services
and has already handled a hundred of Due Diligence (DD) cases assigned by global companies.
Among them , one was a transaction worth 700 millions USD.

Taiwan Digital Marketing

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Taiwan Website Setup Services
Chinese Web Content Editing Service
Chinese Google Ads Keyword Advertising
Taiwan local staffing: Recruiting Services for Sales Representatives
Providing CRM for Recording marketing activities
Temporary employment of Taiwan sales representatives
Taiwan Incorporation, Payroll, Accounting, Tax etc one-stop services