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Taiwan is a popular destination for foreign investors looking to establish a company due to its rapidly developing economy and large market potential. However, forming a company in Taiwan can be a complex process, with specific requirements and procedures that must be followed.
The most common form of business entity in Taiwan is the Limited Liability Company (LLC). LLCs require a minimum of one shareholder and one director, and a minimum capital requirement of TWD 500,000. The shareholders are only liable for the company's debts to the extent of their capital contribution. LLCs are typically used for small and medium-sized companies.
Another popular form of company in Taiwan is the Joint Venture (JV). JVs are formed when a foreign company partners with a Taiwanese company to establish a new business. JVs require a minimum of one foreign shareholder and one Taiwanese shareholder, and the minimum capital requirement varies depending on the nature of the business.
In order to form a company in Taiwan, several steps must be taken. These include:
Once the company is formed, it will be subject to Taiwanese corporate income tax, VAT, and other taxes. It is important to have the help of a professional advisor or lawyer to assist with the company formation process and ensure compliance with all legal requirements.
In conclusion, Taiwan is a popular destination for foreign investors looking to establish a company due to its rapidly developing economy and large market potential. The most common forms of business entities in Taiwan are Limited Liability Company (LLC) and Joint Venture (JV).
Everyone has questions forming a corporation or LLC. You are not the only one. Therefore we have put together this FAQ page to address the most important issues.
See below for the questions we hear the most, and read the answers you need to know. If you don’t see your question below, please call or email us.
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