Register Company in Taiwan

Tetra Consultants assist our clients to register company in Taiwan. Our service package includes Taiwan company formation, opening corporate bank accounts and Taiwan work visa applications. Tetra Consultants is the one-stop solution for you to start legally conduct business in Taiwan.

Company Registration

3 Weeks

Local Director?


Bank Account Opening

4 Weeks

Travel Required?



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    Register company in Taiwan

    Register company in Taiwan is hassle-free if you are familiar with the entire incorporation process. With Tetra Consultants at the wheel, you will be able to dedicate your time and resources to other more important channels.

    With our lean-and-mean mentality, you can rely on our team of experts to provide you a seamless experience throughout the whole process to register company in Taiwan. Regardless of whether you are setting up an onshore or offshore company, our ultimate goal is for your Taiwan company to be operationally ready within the stipulated time frame.

    Our service package includes everything you will require to set up business in Taiwan:

    • Register company in Taiwan with Ministry of Economic Affairs (MOEA)
    • Local company secretary and registered address
    • Corporate bank account opening
    • Annual accounting and tax services

    Taiwan company registration Tetra Consultants

    How long to register a Taiwan company and open corporate bank account?

    • Tetra Consultants will complete your Taiwan company formation through a seamless and fuss-free procedure.
    • Upon receiving the required due diligence documents of the directors and shareholders, Tetra Consultants will conduct Taiwan company registration search to check the availability of your preferred company name.
    • The process to register company in Taiwan with Taiwan Ministry of Economic Affairs (MOEA) can be carried out remotely and you will not be required to travel to Taiwan during the registration process.
    • Within 3 weeks, you can expect to receive the documents of your new company including Taiwan Company Registration Certificate, Taiwan company registration numbers and Memorandum and Articles of Incorporation.
    • After successful company formation, Tetra Consultants will assist to open a corporate bank account with a local Taiwan bank or with an overseas global bank depending on your long-term goals and objectives. Opening a bank account in Taiwan for foreigners will usually take around 4 weeks to be completed.
    • Consequently, you can expect to start operations and issue invoices with your Taiwan Company within 7 weeks upon engaging Tetra Consultants.
    • Tetra Consultants’ team of Chartered Accountants will ensure that your newly established company will continue to meet regulatory laws set by the National Taxation Bureau of Taipei (Taiwan Tax Office). This includes providing you with monthly bookkeeping, preparation of financial statements and annual tax return filings.

    taiwan company registration timeline

    Can a foreigner start a business in Taiwan?

    • Taiwan’s government offers foreign investors several options on the different types of business entities to choose from when registering a company in Taiwan. Tetra Consultants will advise you on the steps and requirements for starting business in Taiwan.
    • For example, a Taiwan limited liability company can be registered with a foreign shareholder and foreign director. In most industries, a Taiwan limited company can be wholly foreign-owned.
    • Taiwan entities are subjected to a relatively low Corporate Income Tax Rate of 20%. As mentioned, Taiwan’s Corporate Income Tax Rate is comparatively lower than the Worldwide Average Statutory Corporate Income Tax Rate of approximately 24%, measured across 176 jurisdictions.
    • Furthermore, you do not need to pay any corporate taxes if you set up a representative office or a company in Taiwan’s Free Zones.
    • Additionally, corporations with more than 100 employees or have an annual net operating revenue exceeding NTD$100million are also subjected to a compulsory annual statutory audit, usually conducted at the end of each fiscal year. These regular and timely reviews ensure integrity and keeping corruption rates low.
    • Generally, there are no minimum paid-up capital requirements during a Taiwan company incorporation, with the exception of specific industries.

    Types of companies in Taiwan

    Taiwan’s government offers foreign businessmen several options on the different types of companies to choose from when registering a company in Taiwan. Tetra Consultants will advise you on the steps required to register a company with the Taiwan Company Registry.

    types of companies in Taiwan

    Limited Liability Company

    • When foreigners register company in Taiwan, the most common type of company is a Taiwan limited liability company (LLC).
    • A Taiwan limited liability company is a private company limited by shares. It is regarded as a separate legal entity by the Taiwan government. Shareholders are not personally liable or responsible for the company’s debts and liabilities.
    • A LLC is usually used to set up a Taiwan offshore company.
    • Minimum 1 shareholder of any nationality required with full foreign ownership of the company’s share capital granted. You can either appoint an individual shareholder or a corporate shareholder.
    • Minimum 1 Director of any nationality required.
    • While there is no paid-up capital requirement, Tetra Consultants would highly recommend a minimum accessible fund of US$5,000 to fund future operations and activities.
    • It is mandatory for a company to have a locally registered address in Taiwan.
    • Access to Taiwan’s Double Tax Avoidance Agreements.

    Limited Partnership

    • Alternatively, foreigners may choose to set up a Taiwan Limited Partnership instead when doing business in Taiwan.
    • A Taiwan Limited Partnership involves two or more individual professionals, consisting of a general partner, who manages the daily operations and has unlimited liability for the corporation’s debt and obligations. Conversely, the limited partner is unable to partake in management. Foreign investors who have local partners in Taiwan can register a legal Limited Partnership.
    • Taiwan Limited Partnerships are regarded as tax transparent entities. Annual income and profits generated from Taiwan Limited Partnerships are not considered taxable income.
    • While there is no paid-up capital requirement, Tetra Consultants would highly recommend a minimum accessible fund of USD$5,000 prior to company incorporation to funding future operations.
    • Minimum 2 shareholders required with 1 resident local shareholder.

    Free Trade Zone Company

    • Taiwan’s Free Trade Zones are specially designed to stimulate and catalyze the growth of onshore and offshore jurisdictions incorporated in the respective zones. The Ministry of Economic Affairs aims to utilize Free Trade Zones to facilitate an influx in foreign direct investments which will benefit the nation’s trade value and volume.
    • Tetra Consultants recommends you to consider register a Taiwan Free Trade Zone company if you are engaging in activities such as trading, warehousing or manufacturing.
    • Enterprises within Taiwan’s Free Trade Zones are exempted from Corporate Income Tax. The tax exemption granted by the Taiwan government alleviates the financial fiscal burden of businessmen.
    • Minimum 1 shareholder of any nationality required with full foreign ownership of the company’s share capital granted.
    • Minimum 1 Director of any nationality required.
    • An application and proposal comprising of the objectives of business operations and a description of proposed business activities must be submitted for review and approval by the Free Trade Zone’s management authority.
    • It is mandatory for a Free Trade Zone company to have a physical registered office in Taiwan.

    Branch Office

    • A Taiwan branch office is a viable option when foreign companies wish to expand into Taiwan. The corporate shareholder will be the overseas parent company.
    • International investors can establish an extension of the parent company by setting up a branch office in Taiwan. The purpose of a Taiwan Branch Office is to facilitate operation and revenue generation in Taiwan on behalf of the parent company.
    • A resident manager is required. Tetra Consultants will provide assistance in the appointment of a trusted local manager on your behalf if necessary.
    • It is mandatory for a Taiwan Branch Office to have a registered office address in Taiwan.
    • There is no minimum quantity for Directors as Taiwan Branch Offices are considered as separate legal entities.
    • The Trade Name of a Taiwan branch office should contain the parent company’s trade name along with its originating country.

    Representative Office (RO)

    • Foreign investors interested in gaining an in-depth understanding and exploring investment opportunities in Taiwan have the option of setting up a Representative Office (RO) within the jurisdiction. Similar to a branch, itscorporate shareholder is the parent company located overseas.
    • Allows you to comprehensively evaluate the viability of doing business in Taiwan before finalizing a decision to expand in Taiwan.
    • As such, ROs are only allowed to conduct limited and non-commercial activities such as market research and marketing activities for their parent company. Tetra Consultants would encourage foreign investors interested in promoting the company’s presence in Taiwan to set up a Representative Office.
    • To register a Taiwan Representative Office, a resident local manager is required. Tetra Consultants will provide assistance in the appointment of a trusted local legal representative on your behalf if necessary.
    • Some documents required in order to register a Taiwan RO include:
      • Documentation that certifies the agent’s identity and residence
      • Documentation that certifies the establishment of the foreign company in its country of residence
      • A lease contract
      • Copy of the registration card

    How to register a company in Taiwan?

    Step 1: Choosing an optimum business structure

    • Prior to company formation, it is essential to choose the correct type of company. Tetra Consultants will advise you on the most optimum business entity to suit your needs. Generally, the most common type of company in Taiwan is the limited liability company, which is also known as a company limited by shares.

    Step 2: Reservation of company name

    • Tetra Consultants search and register for pre-inspection of your company’s name through the Taiwan One-stop Service Request portal. Our team will reserve your company’s name for up to 6 months. In addition, the company must have an official Chinese name but can also apply to have an English name. If required, Tetra Consultants will be happy to provide you the translation.

    Step 3: Corporate bank account opening

    • After you have reserved your company’s name, you can proceed to open a corporate bank account.  While there are no paid-up capital requirements when starting a business in Taiwan, Tetra Consultants will recommend setting aside at least US$5,000 as your paid-up capital to fund your overhead expenditures as well as initial deposit for corporate bank account opening.

    Step 4: Preparation and submission of relevant documents

    • Once you have deposited capital into the bank account, Tetra Consultants will obtain a capital verification report. At the same time, you are required to prepare the documents required for a foreign director for incorporation of the company. This includes the application form, notarized passport copy and proof of address of individual directors and shareholders.
    • If you are planning to appoint a corporate shareholder, Tetra Consultants will require the Certificate of Incorporation, Memorandum & Articles of Association, minutes of the relevant Board of Directors’ meeting, power of attorney to appoint corporate shareholders’ representative, directors’ personal information and other relevant documents.
    • Once received, Tetra Consultants will submit the documents to the Taiwan Department of Commerce for company formation.

    Step 5: Tax Registration

    • Upon successful registration of your company, Tetra Consultants will apply for a company Tax Code with the State Tax Bureau. All companies in Taiwan are subjected to accounting and tax obligations.
    • Companies in Taiwan pay a relatively low annual corporate tax rate of up to 20%. Businesses with an income lower than TWD120,000 are not taxable under the Taiwan Tax regulations. In addition, businesses in the Taiwan’s Free Trade Zones are exempted from corporate income taxes, subjected to approval.
    • All corporations in Taiwan are also required to submit annual financial statements audited by a certified public accountant to the Financial Supervisory Commission (FSC) as long as they are publicly listed or have a registered capital exceeding TWD 30,000,000.

    What is the best business in Taiwan?

    • The sectors in Taiwan mainly revolve around the Service, Manufacturing and Semi-Conductors industry. In recent years, the Taiwan government seeks to improve the nation’s manufacturing industry through the adoption of new technologies such as cloud computing, big data, the Internet of Things and smart robots.
    • The government’s goal to shift the jurisdiction’s industrial operation procedures and practices build Taiwan’s foundation as an emerging manufacturing hub.
    • Taiwan’s manufacturing industry has seen steady growth as its contribution to the jurisdiction’s economy has been increasing over the past few years. Due to Taiwan’s established and renowned manufacturing industry, the nation was listed as the Top 10 most automated countries in the world according to the World Robot Statistics. Such accordance of the country is enough to make foreigner start thinking about how to do business in Taiwan.
    • Recently, the Taiwan government pledged to spend over TWD$10billion in subsidies over the next 7 years to attract foreign direct investors to do business in Taiwan. Government funding will be utilized in the development of Artificial Intelligence, 5G and Semi-conductors.
    • As such, you can benefit from the government’s efforts and gain a significant amount of support when incorporating companies in Taiwan.
    • Taiwan’s service industry accounts for more than 65% of the nation’s Gross Domestic Product, with nearly 60% of the jurisdiction’s total employment falling under the service industry. The service industry contributes heavily to Taiwan’s economic growth and serves as the primary source of jobs for locals.
    • The government sees an imperative need for increased digital connectivity and advancements in the age of rapid digitalization. As such, the Ministry of Science and Technology established the Taiwan Tech Arena to support start-ups in the tech industry. With guidance and assistance from government-backed establishments, start-ups can better forge international relations and integrate into the global economy. Hence, it provides foreigners starting business in Taiwan with a conducive and productive working environment.
    • The Taiwan government is implementing new measures to improve the start-up environment within the nation. Tax credits, laws that encourage foreign talent and tracts of land specially reserved for start-ups are some of the many efforts laid out by the government. As Taiwan ramps up the nation’s efforts to surpass its neighbouring countries such as Singapore and Japan, it has led to the establishment of Taiwan’s unique start-up zone dubbed as the Asian Silicon Valley.
    • The Ministry of Economic Affairs provides start-ups and SMEs with financial grants to assist with the formulation of their operation models. As such, Taiwan’s well-developed services, manufacturing and tech industry accompanied by government-backed funding are concrete reasons justifying the feasibility of conducting operational activities and Taiwan company formation for foreigners.

    Is Taiwan a good place to start a business?

    The Taiwan government highly values foreign direct investments and has provided foreign businessmen with a business-friendly environment in Taiwan. The nation lays out numerous attractive benefits to facilitate and ease the integration of international investors into the jurisdiction’s economy.

    Tetra Consultants will address any queries you have at any point in time during your Taiwan company incorporation. Additionally, we adopt a PESTLE framework to help you comprehensively analyze the feasibility and practicality of doing business in Taiwan.


    • Taiwan is the United States’ ninth-largest trading partner, and the United States is Taiwan’s second-largest trading partner. As such, Taiwan’s healthy cross-border diplomatic relationships grant international businessmen with export access to numerous developed nations and countries.


    • Corporations in Taiwan are subjected to one of the lowest corporate income tax rates in the world. Properly structured, entities in Taiwan’s Free Trade Zones are granted a corporate income tax exemption by the Taiwan government when requirements are satisfied.
    • With reference to the Global Competitiveness Report published by the World Economic Forum, Taiwan ranked as the 12th most competitive nation out of the 141 countries assessed. Taiwan’s reputation as an innovative jurisdiction earned the recognition of the World Economic Forum as the nation was one of the four economies to receive a score of more than 80 in innovation capability.
    • Taiwan’s investment-friendly environment is justified through the nation’s ranking on the Foreign Direct Investment (FDI) Index that ranks the markets likely to attract the most investments in the next three years. The nation’s favourable standing on the FDI Index highlights the potential it possesses, providing international investors with remunerative benefits.


    • Taiwan has a population size of approximately 23.8 million, with a labour participation rate of 59.1%. As such, foreign investors will gain access to a sizeable labour force in Taiwan. However, it is imperative to understand that approximately 36% of the Taiwanese workforce falls under the industrial sector.
    • According to the EF English Proficiency Index, Taiwan has a moderate proficiency in English. Taiwan ranked 38th out of the 100 countries listed under the EF English Proficiency Index. Despite the nation’s decent performance on the EP English Proficiency Index, Mandarin Chinese is the official language in Taiwan. Hence, foreign investors may face difficulties when communicating with the local Taiwanese government authorities and bankers. If required, Tetra Consultants will arrange for a translation service conducted by a certified translator.
    • Taiwan’s high purchasing power provides international investors with an incentivizing domestic market. Furthermore, the nation’s immense population size grants foreign business owners access to a strong domestic market.


    • Taiwan recently launched a government-funded start-up program to provide tech start-ups with the necessary assistance and funding. The start-up program, Taiwan Tech Arena, empowers global tech-start-ups with the purpose of establishing a vibrant international start-up ecosystem in Taiwan.
    • The Taiwan Tech Arena serves as an optimal platform for collaborative efforts between corporations and tech start-ups. Furthermore, it allows talents to create new tech ventures in a supportive and modern environment.
    • Taiwan has an expansive list of talents in the tech industry. In accordance with OECD’s Programme for International Student Assessment (PISA), Taiwan’s talent pool ranked 5th out of 72 countries evaluated. Taiwan’s outstanding performance exemplifies the nation’s capability to utilize mathematics and science knowledge to meet real-life challenges. The harmonious pairing of a supportive tech culture and a rich pool of talents provide the imperative foundation to foster the success of tech start-ups in Taiwan.


    • According to the latest annual ratings issued by the World Bank, Taiwan is ranked 15th worldwide in terms of the jurisdiction’s ease of doing business. This exhibits Taiwan’s conducive regulatory environment for foreign investors.
    • Taiwan’s Free Trade Zones exempts foreign investors from import and export laws and interventions from custom authorities. Furthermore, investors are entitled to a corporate income tax exemption with no capital restriction. As such, relaxed investment policies enacted by the government helps to alleviate the fiscal financial burden on Taiwan business owners.
    • Just recently, Taiwan’s cabinet approved regulations to simplify foreign investment procedures. The draft amendments seek to simplify the application process and approval of foreign direct investments. As such, international investors need not seek advanced approval prior to investments with the exemption of special cases.


    • Taiwan ranked 40th out of the 180 countries assessed on the Environmental Performance Index (EPI). The nation’s adequate ranking highlights that Taiwan is proficient in addressing the environmental challenges that it faces. There is a sufficient understanding of the detriments of environmental progress in Taiwan.
    • Taiwan is one of the environmental leaders in the Asia Pacific Region. The nation partakes in collaborative efforts with the United States of America (USA) in hopes to promote ideal eco-friendly practices. The United States of America collaborated with Taiwan’s Environmental Protection Administration to establish the International Environmental Partnership (IEP).
    • As such, environmental protection efforts carried out by the government illustrate the jurisdiction’s deep understanding of a need to balance the nation’s industrial growth and environmental well-being.

    Find out more!

    Contact us if you have any enquiry regarding how to register company in Taiwan. Our team of experts will revert within the next 24 hours.


    How much does it cost to start a business in Taiwan?

    • While there are no paid-up capital requirements when starting a business in Taiwan, Tetra Consultants will recommend setting aside at least US$5,000 as your paid-up capital to fund your overhead expenditures as well as initial deposit for corporate bank account opening.
    • As for Tetra Consultants’ engagement fees, this depends on the exact services required from Tetra Consultants. Our fees are inclusive of government fees and all fees will be clearly stated in our engagement letter prior to the start of the engagement. Tetra Consultants believes in transparency with our valued clients and there are no hidden fees.

    Can I physically travel to Taiwan to work instead of setting up a Taiwan offshore company?

    • Yes, this is possible if you have successfully attained a Taiwan work permit. In addition, you are required to increase your paid up capital depending on your business activities. Tetra Consultants is happy to assist you with securing the work permit through the Bureau of Consular Affairs.

    Is it legal to use a virtual office instead of a physical office when setting up a company in Taiwan?

    • Yes, virtual office is allowed. Most Taiwan offshore companies use the registered address of their local agents. Tetra Consultants is happy to provide our international clients with this service.

    Is it easy for foreigners to open personal or business bank accounts in Taiwan?

    • Tetra Consultants has many years of experience with personal or business bank account opening in Taiwan. There are a few considerations to take note of including your nationality, business activity and preferably Alien Permanent Resident Card (APRC).
    • If you are located outside of Taiwan, business owners can sign a Power of Attorney (POA) to allow a representative of Tetra Consultants in Taiwan to open the business bank account on your behalf.
    • We recommend you to speak to one of our banking consultants to evaluate the bank account openings.

    Is Taiwan or Hong Kong a better jurisdiction for Asia business set up?

    • Both jurisdictions are widely popular and have different pros and cons. Hong Kong offshore company has a very attractive tax regime while Taiwan offers Free Trade Zones and APRC.
    • English is more widely used in corporate documents in Hong Kong, it may be more convenient for foreign companies that are proficient in English to set up their business in Hong Kong. This is as compared to Taiwan which only uses Traditional Chinese in their corporate documents.
    • It ultimately depends on your personal and business goals. Are you planning to travel physically work in your new company as a foreigner? Are you planning to set up an offshore company?

    What is the main export of Taiwan?

    • The most popular sectors are Service, Manufacturing and Semi-Conductors. As such, the jurisdiction’s main export include machinery, computers, medical apparatus and vehicles.

    What is the biggest company in Taiwan?

    • The biggest company in Taiwan in terms of revenue earned and employees employed is the Hon Hai Precision Industry Co. Ltd., known more widely as Foxconn. Foxconn manufactures electronic products for companies in many other countries and was the world’s largest supplier of electronics manufacturing services in 2010.

    How do I find a company registration number?

    • You can search for a company’s registration number via the Taiwan Commerce Industrial Services Portal.

    How to start a small business in Taiwan?

    • There are many types of small businesses which you can set up in Taiwan with a minimal amount of capital. The industry in which you choose to set up your business will depend on the skills and qualifications you possess as well as your business goal. You can refer to Tetra Consultant’s guide on how to start a business in Taiwan.

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