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Type of Entity
|
Branch Office of Foreign Company
|
Subsidiary
|
|
Limited Company
|
Company Limited by Shares
|
|
Character
|
Foreign companies apply for recognition and set up branch office, for doing business in Taiwan.
|
Shareholders apply for an independent corporation, for doing business in Taiwan.
|
|
Company Name
|
Translate foreign company name into Chinese language and apply for name verification.
|
Name company & apply for name verification
|
|
Documents
|
1. Certificates of the status of foreign companies /nationals
2. Authorization letter of proxy which legalised by Taiwan embassy
3. Investment plans
|
|
Minimum Number of Shareholders
|
0
|
1
|
1-2 (Note 1)
|
|
Minimum Number of Directors
|
1 (Note 2)
|
1
|
3
|
|
Minimum Number of Supervisors
|
N/A
|
N/A
|
1
|
|
Corporate Directors Permitted
|
No (Note 2)
|
No
|
|
Requirement for Local Directors
|
No
|
|
Requirement for Local Supervisors
|
N/A
|
No
|
|
Requirement for Registered Office
|
Yes
|
| Requirement for Local Meeting |
No
|
Yes
|
| Minimum Authorized Capital(Note3) |
|
| Requirement for share certificates |
N/A
|
No
|
Yes
|
| Requirement for Income Tax Return |
Yes |
| Requirement for Audited Accounts |
Yes |
| Company Income Tax |
17% |
| Dividend Distribution Tax |
None (Note 4)
|
20% (of Income after Company Income tax)
|
| Duration of Set Up Procedures |
60-90 Days |
| Independent Entity |
No
|
Yes
|
| Obligation |
Any unperformed obligation of branch office shall still be performed by foreign company.
|
When the assets of company are not sufficient to meet its liabilities, the company shall apply for a declaration of bankruptcy.
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