Testimonial
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution about starting business in new and complex markets. Understanding the market doesn’t mean you need to set up a company immediately.
5/5
INS Global offers industry-leading professional services to assist global companies in establishing themselves in foreign markets.
We help companies make the most of the Taiwan market by providing in-depth expertise and a wide range of potential options to help you create a legal entity in Taiwan.
Be confident of the legal safety of your employees and company with INS Global’s expert legal knowledge
Setting up a legal presence in Taiwan can be a slow, laborious process that’s often fraught with potential risks. INS Global can leverage its talent to guide you through these risks
Through INS Global, you can capitalize on over 15 years of experience in the Taiwanese market while staying up to date on new best practices and changing requirements
Make use of INS Global’s extensive network of candidates and recruitment services to bring the best talent right to your company for any company structure you choose
Avoid misleading or inaccurate information and deal with one expert consultant who can provide you with the information necessary to make the best decisions
Work directly with INS Global’s experts in the Taiwan market to get the best insight and professional advice 24/7
There are four main options for a company that wishes to establish itself with a separate legal entity in Taiwan.
INS Global can help you at every step of the way to develop any of the following:
1. Company Limited by Shares
A company established as a Company Limited by Shares is for foreign shareholders, whether that shareholder is an individual or a company.
This type of structure is considered a legal entity that can issue invoices and should have a minimum of 3 directors. Work permits can be issued for managers and technical staff.
This type of structure is best suited for medium to large enterprises with a long-term commitment to making a profit in Taiwan. The recommended minimum capital is NT$50,000, to be remitted from abroad.
2. Limited Company
Establishing a Limited Company in Taiwan is similar to setting up a Company Limited by Shares. The main difference is that a Limited Company will only require one Director instead of 3 and has no requirement for a supervisor.
This type of structure is best suited to small to medium-sized enterprises that can accept total taxation up to 33.6%. The recommended capital is also NT$50,000, to be remitted from abroad.
3. Branch Office
Although they aren’t considered separate legal entities, branch offices have the same legal rights as a domestic company. The head office assumes all liabilities of the branch office.
A foreign company will own the branch. It will not have a minimum required capital unless the branch office intends to hire foreign professionals in the first year, requiring NT$ 5 million.
4. Representative Office
A representative office is perfect for companies that want to establish a limited presence before committing to Taiwan. It is one of the easiest and fastest ways for company incorporation, although it is limited in its available operations.
The only step required is the application procedure. The application for the representative office should be filled in according to Article 383 of the Company Act and translated to Chinese as needed.
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution about starting business in new and complex markets. Understanding the market doesn’t mean you need to set up a company immediately.
Deciding on the best strategy for entering the Taiwan market requires knowing the options available and considering the best for your specific needs. Every business will have its own reasons and advantages that require careful consideration before making a choice. Setting up a local entity in Taiwan entails:
Partnering with INS Global as your local PEO means:
No, it is necessary to use a local entity abroad to comply with each country labor law.
Foreign companies can either set up a local entity in each country or use the services a local PEO (Professional Employment Organization) to hire the staff on-site directly.
The employer of record is the legal entity liable for the staff employed in a specific country. In practice, a foreign company can either open a subsidiary to become the employer of record of its abroad employees or use a PEO to act as the employer of record.
In general, 1-month is necessary to have an employee based out abroad using an existing PEO as the employe of record. When incorporating a new subsidiary to be the employer of record, the delay varies from 4-12 months.
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