::: FAQ – Startup@Taipei

FAQs

Q01

What is the maximum subsidy amount for career training programs under the Self-Governance Ordinance?

A01

The maximum subsidy for labor career training is NT$800 thousand; however, the career training subsidy may be increased to a maximum of NT$1 million for enterprises with the recommendation of Taipei City public career institutes, and enterprises that have increased the employment of middle-aged unemployed workers to a total of 1% of that of the original employees.

Q02

Any limitation on the initial date of the project?

A02

The initial date of the project should not be earlier than the date of submitting an application.

Q03

I want to set a booth in the department store. Can I apply grant for booth as venue rental?

A03

Venue rental grant is for the rent of event area which is set for the project. Long-term booth rent is not included in.

Q04

If I wish to claim reimbursement for SITI subsidies, Will the attestation of financial statements by certified public accountant report be required?

A04

Yes,Taipei City government will reimburse for SITI subsidies, and require the attestation of financial statements during the project execution report by certified public accountant.

Q06

How is an enterprise that has been in operation for at least one year defined according to the Taipei City Small and Medium Enterprise Loan Program regulation Third?

A06

An enterprise is considered to have been in operation for at least one year if it has issued its first invoice or has been continuously paying business tax for one year prior to the application date for the loan.

Q07

Is there a minimum capital restriction for establishing a company in Taiwan?

A07

No, there is no minimum capital requirement for setting up a company in Taiwan. However, if you wish to apply for a work permit as a foreign manager, the company's paid-in capital or operational funds in Taiwan must be at least 500,000 NT dollars or more.

Q08

Are foreign subsidiaries qualify to apply for SITI?

A08

NO, foreign subsidiaries are not qualify for application, but foreign branches are qualify to apply for R&D Subsidy, Branding Subsidy, Incubation Subsidy and Investment incentives.

Q09

What is the maximum length of time for a work permit that may be applied for a foreigner hired to work in Taiwan? Is there a maximum number of applications?

A09

The maximum length of time for each work permit is 3 years for a foreign professional, which may be extended by application at the end of the employment; there is no limit to the number of extensions.

Q10

Can a foreigner set up a joint venture with a Taiwanese or a person of a different nationality?

A10

Yes. However, the shareholding structure of the company includes foreign investment and therefore needs to be approved by the Investment Commission(MOEA).