Taiwan Company Registration Package #TWLLC5
(For Residents or Company Registered in Places other than Mainland China)
Unless otherwise stated, the Taiwan company stated in this quotation referred to a limited liability company formed and incorporated in Taiwan under the Taiwan Company Act.
This package is suitable for the individual from or company registered in places other than the Mainland China who intends to apply to register a company in Taiwan for the purpose of carrying out technology, general consulting or trading business.
Summary
Our package fee for the registration of a limited liability company in Taiwan is TWD98,000. This package fee covers our professional registration service, government official registration fee, one-year local agent service and opening a corporate bank account in Taiwan. This package does not include the registered address service and the notarization of documents.
For the purpose of registration of a company in Taiwan, client needs to provide preferred name of the new company, the amount of capital, identification document of the shareholders and the directors such as passport and address proof, such as utility bill or telephone bill. In the case of corporate shareholder, client needs to provide the registration documents and registered office address of the corporate shareholder and other documents as may be required by the Taiwan Government.
If the shareholder is an individual and comes to Taiwan in person, the whole registration process could be completed in around 4 weeks. If the shareholder is a juridical person, the registration of a Taiwan limited company takes about 4 to 6 weeks.
If the business to be carried out by the Taiwan Company in Taiwan requires extra license or permit, we can help apply for such licence or permit and our fees will be quoted upon request.
Taiwan Limited Company Registration Package
1. Services and Fees
Our service fees, together with the official filing fees, for the registration of a limited liability company in Taiwan, are TWD98,000. In particular, our fees cover the following services:
(1) Registration and Related Services
(a) Providing consultant service about incorporation and maintenance to client;
(b) Providing suggestion about business scope to client;
(c) Preliminary check of intended company name;
(d) Preparation of Taiwan limited company registration documents;
(e) Preparation of company registration application form and documents.
(2) Approval from MOEAIC
Application for agreement for the foreign investment from the Investment Commission of the Ministry of Economic Affairs in Taiwan.
(3) Capital Verification Report
After investor remits capital, the company should hire a certified public accountant for capital verification. Kaizen would arrange a certified public accountant in Taiwan to engage for capital verification.
(4) Bank Account Opening
In the process of registering a Taiwan Company, the Taiwan Company needs to work the bank account in two phases. Firstly, by setting up a preparatory account, so that the capital contribution could be remitted by the investor. After receiving the approval letter from the Taiwan government, the investor could change the preparatory account into a formal account.
According to the policy of the bank, the director of the Taiwan Company will need to present in person to meet the bank for identity certification and conduct due diligence requirements. Kaizen role is limited to provide assistance, including preparing bank account opening documents and making appointments with the bank. The bank has the right to decide whether to approve the client's account opening application, and whether the account opening is successful or not, Kaizen does not assume any responsibility. If the company registration cannot be carried out due to the failure of the bank account opening, Kaizen will refund half of the service fee, which is TWD 49,000.
(5) Import and Export Card
If you intend to conduct import and/or export business in Taiwan, you are required to apply for Import and Export Card with Ministry of Economic Affairs. Kaizen will handle the application for Import and Export Card immediately after the company is duly registered.
(6) Local Agent Service
The establishment of a Taiwan Limited Company should have a local agent with the Taiwan identity card or owned an Alien Resident Certificate (ARC) to handle the registration and the registration change matter. This package included a one-year local agent service provided by Kaizen.
(7) Application for Tax Code
Application for certificate of tax registration for profit-seeking enterprise with the National Taxation Bureau. The certificate of tax registration is a tax ID issued by the authority. According to the types of industries, there are two types of tax registration certificate and local tax registration.
2. Optional Services
(1) Business Address Service
A Taiwan company is required to have a physical address in Taiwan as its business address at all time. Kaizen can provide a street address for the purpose of registration of your Taiwan company. Our fee for providing the business address is TWD54,000 per year.
(2) Notarization of Power of Attorney
As required by the prevailing regulations, a foreign investor, when applying to register a company in Taiwan, must entrust a local agent (Kaizen) to handling the registration and the power of attorney should be notarized/attested by the Taipei Economic and Cultural Office. This package does not include the notarization service. Kaizen could provide the attesting service. Our fees for the legalization will be quoted upon request.
(3) Translation Fee
Our fees stated in Section 1 above do not include document translation fee. Taiwan’s official language is Chinese and therefore all registration documents must be in Chinese. If any documents provided by you are not in Chinese and needs to be translated, or you require us to prepare an English (or Japanese) version of registration document for your own reference, Kaizen could provide the translation service and our fees will be quoted upon review of the documents to be translated.
3. Time of Billing and Payment Methods
We require full payment in advance. We currently only accept Hong Kong Dollar check, cash or TT and credit card through PayPal. If pay by PayPal, an additional handling charge of 5% of our service fee will be charged.
If Taiwan uniform invoice is required, an additional 5% of Business Tax will be charged and collected. Upon receipt of your order, we will issue an invoice and send our bank information together to you through email for your settlement.
4. Estimated Time Frame
The whole process for the registration of a company in Taiwan would normally take about 4-6 weeks. The table below shows the estimated time frame for each of the steps for the registration process.
Item |
Description |
Responsible Party |
Working Days |
Preliminary |
|||
1 |
Lease Agreement (For company registration) |
Kaizen/ Client |
1 days |
2 |
Notarization of company document |
Client |
Client’s schedule |
3 |
Other documents |
Client |
Client’s schedule |
Application for Registration |
|||
4 |
Perform proposed company name approval |
Kaizen |
2 days |
5 |
Application for pre-registration approval |
Kaizen |
6 days |
6 |
Engrave a stamp |
Kaizen |
2 days |
7 |
Opening bank account – Preparatory account |
Kaizen/ Client |
1 day |
8 |
Handling the capital verification report |
Kaizen |
5 days |
9 |
Submit the company registration document |
Kaizen |
6 days |
10 |
Submit the taxation registration document |
Kaizen |
5 days |
11 |
Handle the uniform invoice certificate |
Kaizen |
6 days |
12 |
Opening bank account - Normal Account |
Kaizen/ Client |
5-10 days |
13 |
Handle import and export business registration |
Kaizen |
1 day |
Total |
4-6 weeks |
Note:
1. The estimated time is based on high cooperation between Kaizen and the client.
2. The estimated time is based on the company that does not require any special license.
5. Required Documents and Materials
The following documents and materials need to prepare by client:
(1) Taiwan Company Intended Name
Please provide two to three proposed company names in Chinese. The client is required to provide one English company name to open the company bank account, which is for the client to remit the capital from overseas.
(2) Notarization of the Power of Attorney
A copy of the power of attorney authorizing Kaizen to handle the registration. The power of attorney must be notarized by a Notary Public in Taiwan or a recognized attesting office in the country where the shareholder of the Taiwan company is resided. It is valid for one year.
(3) Identification Documents of the Director
A copy of the passport (or identity card for Taiwan citizen) and address proof (utility bill or bank statement) of the person who is to act as the director of the Taiwan company.
(4) Lease Agreement, Consent of Use and the Latest Housing Tax Bill
An original copy of the lease agreement of the office premise to be used by the Taiwan company, a copy of house tax bill and the consent of use issued by the landlord.
(5) Registered Capital
There is no limit on the capital registered, but Kaizen suggests that investor should remit a capital of TWD500,000 or more so as to meet the needs of operation before the Taiwan company starts to generate income.
(6) Business Scope
A brief description of the principal business activities of the Taiwan Company, including the products to be imported/exported/traded or services to be provided.
(7) Identification Documents of Investor
The identification documents of the investor such as Certificate of Incorporation, Articles of Association, Register of Shareholders, Register of Directors and the organization chart of the company shall be provided. Please be noted that the Hong Kong Company shall provide the Register of Significant Controller. For the company organization chart, it shall disclose until the final beneficiary owner, the natural person shareholder who held the shareholdings with 25% and above shall provide a scanned copy of passport.
6. Certificates and Documents to be returned to Client
After the procedure completed, we will return the following documents to the client:
(1) The articles of incorporation;
(2) Approval letter issued by the Ministry of Economic Affairs;
(3) Business registration form;
(4) Approval letter issued by the Taxation Bureau of Taiwan;
(5) The stamp of the company and the stamp of the person in charge;
(6) Uniform tax invoice certificate and business IC card;
(7) Import and export registration.
7. Annual Maintenance Fee
After a company is officially registered in Taiwan, it is required to comply with the maintenance requirements such as preparation and filing of an annual business report, updating books of accounts, auditing of financial statements, filing of business tax bimonthly and filing of profit-seeking enterprise income tax returns. The fees below show the annual maintenance costs for the Taiwan limited company.
Item |
Description |
Amount (TWD) |
1 |
Preparation of business report (Annually) |
10,000 |
2 |
Declaration of person in charge and shareholder (Annually) |
6,000 |
3 |
Updating books of accounts (assuming annual turnover of TWD10 million) |
48,000 |
4 |
Financial statements statutory audit (assuming a turnover of TWD30 million) |
40,000 |
5 |
Tax computation and filing of profits tax return |
8,000 |
6 |
Basic Payroll Service (per person) |
2,500 |
7 |
Provision of Registered Office (second year and thereafter) |
54,000 |
|
TOTAL |
168,500/up |
If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:
Tel: +852 2341 1444
Mobile: +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ Wechat: +852 5616 4140
Skype: kaizencpa
Email: info@kaizencpa.com
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