Neil Innovation International｜Migration to Taiwan

Company Formation - Taiwan Company

You can establish a company in Taiwan in two ways: as a new company or as a foreign company expanding its business through branches, offices, or subsidiaries. A foreign office represents the parent company in non-business matters like customer interactions, after-sales service, contract signing, quotes, procurement, and bidding. To expand your business in Taiwan, you must establish a branch or subsidiary and invest in local business activities.

Product and Pricing

Company Registration Process

Currently, the corporate income tax rate in Taiwan is 20%. Subsidiaries are required to pay an additional 21% withholding tax on the remittance of after-tax profits, while foreign branches are exempt from paying any additional tax on the remittance of net profits. Offices are not subject to EIT or withholding tax on remittance of earnings because they are not able to engage in business activities. For foreign companies that establish an office or branch in Taiwan, they can only rent office premises in commercial or office buildings. Residential apartments or buildings are not permitted to be registered, but they may opt for a business center or virtual office as their registered address.

Company Name Pre-Check

Land pre-check is only required in Taipei City.

Open a bank account

Remittance of funds and arranging for an accountant to verify the capital amount.

Register the company with the Department of Commerce and the National Tax Service.

Preparatory Account Conversion

Reporting information on the shareholder reporting platform

(only applicable to limited companies and companies with shares)

Purchase of Invoices from the IRS

Completion of Establishment

Legal entity

After the establishment of a Taiwan company, it becomes an independent legal entity and can conduct legal business and financial activities, including representing the parent company to handle business activities such as Contacting customers, After-sales service, Contracting, Quoting, purchasing, Bidding, and so on.

Business Expansion

By establishing a branch or subsidiary in Taiwan, we can further expand our business in Taiwan, understand local needs and trends, provide products and services that meet the local market, and establish long-term relationships with local customers. Develop new customer segments and increase market share.

Brand building

By establishing a company in Taiwan, we can strengthen the brand awareness and influence in the local market, establish a good corporate image, and enhance market competitiveness.

Cooperation Opportunities

By establishing a company in Taiwan, you can cultivate strong relationships with local suppliers and partners, foster business collaborations, and capitalize on shared resources and market opportunities.

Tax incentives

The Taiwan government offers various tax incentives, such as corporate income tax exemptions, investment tax credits, and business tax exemptions, etc. These incentives can reduce operating costs and increase profitability.

Legal protection

Taiwan has a comprehensive commercial legal system, and the establishment of a company can enjoy legal protection to safeguard its own rights and interests, resolve commercial disputes, and ensure legal rights and interests.