Setting up a Business in Taiwan

Overview by Globlatrade.net:

Legal Forms of Companies

Types of Companies and Capital (Max/Min) Number of Partners/Shareholders and Liability Registration Fees
Limited Company is a Private Limited Company.
 
 
NT$ 500,000,
totally subscribed at the constitution.
Minimum 5 partners. Maximum 21.
 
 
Liability is limited to the amount contributed.
Company name registration: NTD 300; Stamp / Seal of the company: NTD 450-1,000 ; Verification of the capital paid by a public accountant: NTD 4,500-25,000 ; Application for incorporation to the Ministry of Economic Affairs for large firms with capital exceeding NTD 500 million : 0.025% of the capital; Obtain a business license and a taxpayer identification number: NTD 1,000 .
Company Limited by shares is a Public Limited Company.
 
 
NT$ 1,000,000.
25% must be released at the constitution.
At least 7 partners.
 
 
Liability is limited to the amount contributed.
Company name registration: NTD 300; Stamp / Seal of the company: NTD 450-1,000 ; Verification of the capital paid by a public accountant: NTD 4,500-25,000 ; Application for incorporation to the Ministry of Economic Affairs for large firms with capital exceeding NTD 500 million : 0.025% of the capital; Obtain a business license and a taxpayer identification number: NTD 1,000 .
Unlimited Company is a General partnership
 
 
No minimum capital
Minimum 2.
 
 
Liability is unlimited
Company name registration: NTD 300; Stamp / Seal of the company: NTD 450-1,000 ; Verification of the capital paid by a public accountant: NTD 4,500-25,000 ; Application for incorporation to the Ministry of Economic Affairs for large firms with capital exceeding NTD 500 million : 0.025% of the capital; Obtain a business license and a taxpayer identification number: NTD 1,000 .
Limited partnership (SCS)
 
 
No minimum capital
2 types of partners: active partners and sleeping partners.
 
 
Liability is unlimited for active partners and limited for sleeping partners.
Company name registration: NTD 300; Stamp / Seal of the company: NTD 450-1,000 ; Verification of the capital paid by a public accountant: NTD 4,500-25,000 ; Application for incorporation to the Ministry of Economic Affairs for large firms with capital exceeding NTD 500 million : 0.025% of the capital; Obtain a business license and a taxpayer identification number: NTD 1,000 .
 
 

Business Setup Procedures

Administrative Formalities
It is easy to constitute a company through a lawyers' office.
The Competent Organization
MOEA.
Time Necessary for Registration
Depends on the type of company. Information available on Invest in Taiwan (investment guide).

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