::: FAQ – Startup@Taipei

FAQs

Q01

Dose the funding of the incentives & subsidies program include the cost of entrusting an accountant to handle the company's accounts?

A01

No, please refer to the principles and verification criteria of accounting for each project.

Q02

Is there a minimum capital restriction for establishing a company?

A02

According to the company law, therer is not any minimum capital restriction for establishing a company. If the accountant verifies that the amount of capital is sufficient to cover the cost of establishment, anyone can establish a company.

Q03

What is the application period for "Startup subsidy", "R&D subsidy" and "Branding subsidy" ?

A03

Companies applying for "Startup subsidy" must be registered in Taipei within one year, while applying for "R&D subsidy" and "Branding subsidy" must be set up for more than one year.

Q04

Do I need to attach the attendance record to verify the personnel expenses of the SITI?

A04

Yes. It must be accompanied by attendance record, proof of labor insurance and documents proving the amount of salary payment.

Q05

Must the registered place be the same as the place of business?

A05

The place of registration of the company or bank number is the central area of commercial legal relations. For example, the settlement of debts, the jurisdiction of litigation, and the service of pleadings are based on the place of residence. There is no place for registration of business-related laws and regulations that is consistent with the actual place of business conduct It is stipulated that, if the business place is of a branch nature (there is an account for calculating surplus losses and financial accounting is independent), the branch registration must be performed in accordance with the law.

Q06

Due to the impact of Covid-19, what is the content of the Beijing Municipal Government's financing loan relief plan?

A06

1. From March 1st to August 31st, 2020, the loan interest rate will be reduced by 0.25%, and the municipal government will subsidize the interest by another 1%, and the total interest will be reduced by 1.25%.
2. The original borrower does not need to apply again, and the government will subsidize 1% of the interest fee during the period.
3. During this period, those who apply for a loan amount of less than 1.2 million can be exempted from filling in the business plan, quick loan approval, three-month principal grace period, and enjoy interest rate reduction (0.25%) and subsidized interest (1%) at the same time.

Q07

How do I know if my business location meets the company registration requirements?

A07

Since January 1, 2020, the Taipei City Government has established an online system. As long as you enter the address and business scope, you can apply to check whether it meets the requirements of company registration and construction management.
Website: http://www.businesslocationinfo.gov.taipei/BLBQS/

Q08

What are the circumstances of the applicant or the company that will not be able to apply for this loan?

A08

When the conditions for not approving the loan are met, the loan will not be approved.

Q10

Can the loan application be used to repay loans borrowed from other financial institutions?

A10

The purpose of this loan is limited to the purchase of factory buildings, business premises, machinery, equipment or operating turnover funds, etc., and cannot be used to repay loans borrowed from other financial institutions.