Expand your business to Taiwan: Company Registration, Accounting, Tax, & Payroll Services

Taiwan Company Registration FAQs tpe4ww.elr

The web page lists general asking questions from clients and answers by Evershine legal team members about WFOE (wholly foreign-owned entity) set-up in Taiwan.

Director Jerry Chu, USA Graduate School Alumni and a well-English speaker
Mobile: +886-939-357-735
Tel No.: +886-2-2717-0515 ext. 103
e-mail:  tpe4ww.elr@evershinecpa.com

Q: What is the service coverage of Evershine in Taiwan Company Registration?

*Company Registration
*Virtual Registered Address

*Trademark Registration
*Work Permit Application
*ARC (Alien Residence Certificate) Application
*FDA Business License Application
*Healthy and Functional Food Product License Application
*Medical Device Business License
*MLM Business License Application
*Other Special Industry Permit Application

Q: How to know what kind of entity to register?

With Tax ID?Issues Sales Invoices?Legal Entity?Wholly Owned by a Foreigner?
Representative officeYesNoNoYes
BranchYesYesNoYes
SubsidiaryYesYesYesYes
Joint VentureYesYesYesNo

1) Representative Office
1.1 Handles compliance issues related to payments to suppliers and employees on behalf of the company. Expenditure payment to company’s vendors and employees & payroll compliance issues handling..
1.2 No need to issue local invoices from your representative office. Sales invoices are directly sent to the parent company.

2) Branch Office
2.1 Issues sales invoices to customers directly from your branch office.
2.2 Pays expenses and procures inventory.
2.3 Not a legal entity; acts on behalf of the parent company.
2.4 When the branch office has a post-tax operating income of 17%, it can remit funds to the parent company without withholding any tax.

3) Subsidiary
3.1 A legal entity, an independent domestic company.
3.2 Issues sales invoices, pays all expenses, and procures inventory.
3.3 When the subsidiary has a post-tax operating income of 17%, it can remit funds to the parent company after paying a 20% withholding tax.

4) Joint Venture
4.1 Similar to a subsidiary.
4.2 The only difference is that a joint venture is not solely owned by foreigners; it must have a local partner.

Q: What is the minimum capital of a Taiwan WFOE?

Minimum capital will depend on your working capital based on the local CPA’s assessment. In order to avoid trouble if working capital is enough, we always suggest NT$ 300,000 (about US$10,000) which is the current regulation on minimum capital.

As an investor, if you need to have a working visa and ARC (Alien Resident Certificate), your minimum capital needs to be more than NT$500,000 (about US$17,000).

Q: Who can be the shareholders and BOD of a Taiwan WFOE?

Shareholders can be 100% owned by foreigners, either individuals or companies. It is better not to have PRC shareholders because it needs to follow up different regulations. Directors can be foreigners or let non-shareholders as a director. Taiwan welcomes foreigners to come here to develop their businesses. Specific regulations apply on a case-to-case basis.

Q: How can Evershine serve clients? What are the processes?

One of our staff (a well-English speaker) will attend to your concerns. If needed, a native English speaker will communicate with you. We always work with potential clients according to the following steps:
Client Provides Requirements –> Client Consultation –> Engagement —> Registration Work Starts.

Evershine will provide you with general information, if thorough research is required, there will be an additional hourly charge.

Based on our internal SOP, we need to do so-called KYC (Know your Client) to assure if we are fit to serve you.

Engagement Letter will include detailed procedures, required documents, service fee, and out-of-pocket expenses, etc.,

After your signing of the Engagement letter, a retainer fee will be required.

Then, our staff will execute registering procedures.

During registration period, we will use BPM (Business Process Management) system to monitor service delivery time and documents quality.

Once the company’s registered, we will bill your final service fee and out-of-pocket expenses.

Q: After obtaining a company license, what kinds of services Evershine can provide?

After-Set Up Cloud Accounting, Tax and Payroll Compliance services listed below:
*Accounting service using Cloud collaboration system
*Cashier role as ” Maker” in your internet-banking account
*China Tax Compliance services
*Payroll Compliance services

We will act as your in-house accountant in your Taiwan subsidiary
When you adopt our services, we will use our proprietary Cloud platform to build a collaborative work environment among your staff and Evershine’s.

Any authorized person may key-in, review, approve and inquire anytime, anywhere. We will act as your in-house accountant in your China subsidiary. No recruitment is needed!

We use BPM (Business Process Management) system to monitor service quality including on-time delivery and correctness. Our business model has been providing very high-quality services at a very competitive cost. Several hundreds of MNCs (multi-national-company) are our clients. The client list will be provided upon request.

If you want to have more information, please don’t hesitate to contact us. You may also click the link to visit the website & learn more: https://www.wfoe-accounting.com/taiwan-wfoe-accountant

Q: Can Evershine provide similar services in other cities?

Evershine CPAs Firm has its 100% owned offices to provide services in different cities listed below:
Taipei, Beijing, Shanghai, and Xiamen, Hangzhou, San Francisco, Seoul, UAE

We have been providing our services with our partners in the below cities:
Kaohsiung Taiwan, Singapore, Hong Kong,  Seoul Korea Tokyo Japan, Hangzhou China,
Nanjing China, Guangzhou China, Kuala Lumpur Malaysia, San Francisco USA

Q: How to expedite Taiwan Company Registration process?

Please send an email to sales.taiwan@evershinecpa.com with answers to the below questions:
1) What is your business category? Is it Service, Consultation, Trade or Manufacture?
2) What are your business items? We need to assess if it requires a special permit industry.
3) What is your business model? What is your revenue source? Please send a link to your website.
4) How are your shareholders composed? Where is your parent company established? Are the shareholder’s companies or individuals?
5) Do you have your own registered address already? If not, how much time do you need to locate your own address? Do we need to arrange a virtual registered office for you during the initial period?
6) What are your company phone numbers and your personal phone number? We may discuss over the phone, if necessary.

Contact Us

E-mail: tpe4ww@evershinecpa.com
or
Contact us during office hours  (Taipei and China Time Zone)
Director 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

Evershine has 100% affiliates in the following cities: Headquarter, Taipei, Xiamen, Beijing, Shanghai, New York, San Francisco, Houston, Phoenix Tokyo, Seoul, Hanoi, Ho Chi Minh, Bangkok, Singapore, Kuala Lumpur, Manila, Dubai, New Delhi, Mumbai, Dhaka, Jakarta, Frankfurt, Paris, London, Amsterdam, Milan, Barcelona, Bucharest, Melbourne, Sydney, Toronto

Other cities with existent clients: Miami, Atlanta, Oklahoma, Michigan, Seattle, Delaware; Berlin, Stuttgart; Prague; Czech Republic; 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 ®. (version: 2022/03)

Please contact us by email : HQ4TPE@evershinecpa.com

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