Q01
Is there a minimum capital restriction for establishing a company in Taiwan?
A01
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.
Q02
Are foreign subsidiaries qualify to apply for SITI?
A02
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.
Q03
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?
A03
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.
Q04
Can a foreigner set up a joint venture with a Taiwanese or a person of a different nationality?
A04
Yes. However, the shareholding structure of the company includes foreign investment and therefore needs to be approved by the Investment Commission(MOEA).
Q05
Can foreigners register a business in Taiwan? How to apply?
A05
Yes, please refer to the Statute for Investment by Foreign Nationals and attach the approval documents issued by the Investment Board, Ministry of Economic Affairs.
Q06
Is there an age limit to apply for a Startups subsidy?
A06
No, there is no age limit. All company registered in Taipei City and within one year can apply for it.
Q07
What is the "Registered Address" refer?
A07
Registered Address is the company's base and commercial legal relationship, not the place of business premises.
Q08
Does the employee’s labor insurance have to be insured under the company when applying for SITI?
A08
Yes.
Q09
Can foreigners set up solely foreign-owned enterprises in Taiwan?
A09
Yes. In addition to sole proprietorships, foreigners are also able to operate joint ventures with people from different countries or with Taiwanese.
Q10
[Subsidies & Incentives for Taipei Industry] Can the host of the subsidy program be included in the personnel expenses?
A10
Yes, labor insurance or employment insurance materials must be attached.
