How to register wholly-foreign-owned company in Taiwan?

The procedures  and requirements while setting up your Taiwan subsidiary; 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)

Company Registration Services (abbreviated as ELR)  

Subsidiary Setup Services (abbreviated as ELR-SUB)
1. Procedures
1.1 Reservation of Company Name and Business Scope (2 working days)
1.2 Foreign Investment Approval* (14 working days)
1.3 Preparatory Bank Account** & Capital Remittance (Varied)
1.4 Pre-inspection of Registered Address
1.5 Capital Verification (7 working days)
1.6 Capital Audit Report by a local CPA (1 working day)
1.7 Company Registration (1 working day)
1.8 MOEACA IC Card (5 working days)
1.9 Importer & Exporter Registration (1 working day)
1.10 Business (Tax) Registration (7 working days)
1.11 Account Conversion & Online Banking Application
** (Varied) * Some cases will take more time to review.
** Preparatory bank account opening, account conversion and online banking application are on client’s side, the Representative of the company is required to attend in person.
2.Required documents
2.1 Proposed name of company and its business scopes
2.2 Amount of capital
2.3 Copy of Certificate of Incorporation of Shareholder
2.4 Copy of Director’s passport and ID certificate
2.5 Power of Attorney appointing the investment agent (Evershine) to handle the relevant applications
2.6 Shareholder Structure
2.7 Registered Office Address documents*:
2.7.1 Consent Letter signed by the Landlord, and
2.7.2 Copy of the house tax statement, and
2.7.3 Tenancy Agreement 2.8 The item
2.5 must go through a process of notarization.
*If you use our virtual office address services, we will prepare the documents Notes: 1. The quotation would not include the special permit application when your company needs to be permitted in advance.
2. The quotation would not include the foreign investment from the P.R.C. shareholder.

Registered Office Address(abbreviated as ELR-VRA )    
Company 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 fee will be paid to the relevant government entities.
NTD 150 for name reservation, and NTD 1,000 for company registration (if the capital is below NTD 4,000,000), NTD 420 for MOEACA IC Card.

Out-of-Pocket Expenses (abbreviated as ELR-OPE)
These expenses caused by handling your company’s setup including taxi, stamp, postage, etc.

Initiate Business Operation Application Services (abbreviated as ELI)

Bank Account Opening Assistance (abbreviated as ELI-IBA)
( please link above to get more detailing information)
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)   
MOEACA IC Card is a digital card for company identity verification.
It can be used for government-related online applications.

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 company 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 caused by handling your company’s Initiate Business Operation application, including transportation fee, postage charges, stamp, etc.

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