Q01
Does the employee’s labor insurance have to be insured under the company when applying for SITI?
A01
Yes.
Q02
Can foreigners set up solely foreign-owned enterprises in Taiwan?
A02
Yes. In addition to sole proprietorships, foreigners are also able to operate joint ventures with people from different countries or with Taiwanese.
Q03
[Subsidies & Incentives for Taipei Industry] Can the host of the subsidy program be included in the personnel expenses?
A03
Yes, labor insurance or employment insurance materials must be attached.
Q04
How do I set up a social group (association)?
A04
You can ask the Department of Social Welfare, Taipei City Government.(https://english.dosw.gov.taipei/)
Q05
Can I apply for an entrepreneur visa in the name of a team?
A05
Yes. Entrepreneur visas can be applied for in the name of an individual or in the name of a team. The number of people applying in the name of a team is limited to 3 people.
Q07
Dose the funding of the incentives & subsidies program include the cost of entrusting an accountant to handle the company's accounts?
A07
No, please refer to the principles and verification criteria of accounting for each project.
Q08
Is there a minimum capital restriction for establishing a company?
A08
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.
Q09
What is the application period for "Startup subsidy", "R&D subsidy" and "Branding subsidy" ?
A09
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.
Q10
Do I need to attach the attendance record to verify the personnel expenses of the SITI?
A10
Yes. It must be accompanied by attendance record, proof of labor insurance and documents proving the amount of salary payment.
