Q01
Can foreigners set up solely foreign-owned enterprises in Taiwan?
A01
Yes. In addition to sole proprietorships, foreigners are also able to operate joint ventures with people from different countries or with Taiwanese.
Q02
[Subsidies & Incentives for Taipei Industry] Can the host of the subsidy program be included in the personnel expenses?
A02
Yes, labor insurance or employment insurance materials must be attached.
Q03
How do I set up a social group (association)?
A03
You can ask the Department of Social Welfare, Taipei City Government.(https://english.dosw.gov.taipei/)
Q04
Can I apply for an entrepreneur visa in the name of a team?
A04
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.
Q06
Dose the funding of the incentives & subsidies program include the cost of entrusting an accountant to handle the company's accounts?
A06
No, please refer to the principles and verification criteria of accounting for each project.
Q07
Is there a minimum capital restriction for establishing a company?
A07
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.
Q08
What is the application period for "Startup subsidy", "R&D subsidy" and "Branding subsidy" ?
A08
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.
Q09
Do I need to attach the attendance record to verify the personnel expenses of the SITI?
A09
Yes. It must be accompanied by attendance record, proof of labor insurance and documents proving the amount of salary payment.
Q10
Must the registered place be the same as the place of business?
A10
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.
