How to Open a Bank Account in Taiwan as a Foreigner
7 minutesOpening a bank account in Taiwan is essential for daily financial transactions, whether you are a citizen, immigrant, resident, or foreigner. This process involves completing all necessary legal documentation and applications. If you are a foreigner looking to start a business in Taiwan, this article outlines the steps required to open a corporate bank account.
A Brief Guide on How to Start an Online Business in Taiwan
6 minutesTaiwan is a perfect place to establish an online business due to its market-oriented economy and favorable approach to foreign enterprise. Starting an online business in Taiwan seems like a fantastic concept because it is predicted that within a short period, e-commerce platforms or digital marketplaces which sell items in this region will surpass the physical stores and outlets already in operation.
Understanding Taiwan Preparatory Bank Account Opening
5 minutesThe company preparatory office is one of the necessary processes in the company incorporation process in Taiwan and is quite different with other countries.
The main purpose is for the confirmation of capital injection. When a company is under the incorporation process, the total capital must be firstly determined in the articles of association. Then, it should be fully paid to ensure that the company has stable financial ability so can cover the operation costs and protect the rights of company’s creditors.
How to Set Up a Representative Office in Taiwan
5 minutesTaiwan is famous as a hub for different establishments and enterprises. That’s why you’ll find several representative offices in the region. But what is the meaning of a Taiwan representative office? And how is it created? Keep reading to learn more. This piece will reveal crucial details about this organization, including how to set up representative office in Taiwan.
How to Choose the Type of Business Entity in Taiwan: Key Factors and Considerations
6 minutesTaiwan is a great place to start a business. There are favorable laws and infrastructure in this region to support business growth. Before embarking on entrepreneurship in Taiwan, foreign investors need to decide the type of business entity to setting up a company. There are several types of companies in Taiwan to choose from, and the final choice will determine what to expect in the future. Are you confused about which enterprise to choose? You’re in luck. This piece will discuss how to select the type of business in Taiwan.
How to Set Up a Branch Office in Taiwan
5 minutesSetting up a branch office in Taiwan can be an attractive option for foreign companies looking to expand their business presence in Asia. Taiwan has a vibrant economy and a strategic location, making it an ideal destination for businesses looking to access the Asian market.
How to Register a Company in Taiwan: 5+ Essential Steps for Expats
6 minutesWhether you moved to Taiwan for a project or to experience something new with your relatives or friends, you may decide that you want to launch a business there, and as such would require information on how to register a company in Taiwan.
Starting a business in Taiwan will be profitable and enjoyable for expats for a number of reasons, including the fact that expats can own 100% of their business.
Taiwan also boasts a low cost of living, allowing you to concentrate on earning money rather than paying rent.
Even if the benefits are considerable, you first need to discover how to launch your company in Taiwan to start enjoying them.
You might not even need to travel to Taiwan to begin operations if you want to start a business there.
It is now feasible to establish your corporate entity without being present thanks to recent reforms.
In general, hiring an agency or local representative in Taiwan to manage the process on your behalf is a good option.
Taiwan Tax Filling: Everything You Should Know
5 minutesIf you find yourself reading this post, it’s probably because you want to know more about Taiwan tax filing. Look no further; you’re already in the right place. This post will discuss everything you need to know about tax filing in Taiwan. Taiwan’s lowest individual tax level (5 percent) is one of the lowest globally. However, many expats and businesses in Taiwan may be curious about the Taiwan tax rate.
6 High-Potential Business Ideas in Taiwan
4 minutesHave you recently pondered on the best small business ideas you could establish in Taiwan to earn a generous income? Stop searching because we have you covered.
Taiwan, situated in central core Asia is a well-known hub for investors delving into business innovations. Neighboring states
In comparison to its nearby states, Taiwan makes it entirely free to set up a business due to the lack of foreign investment restrictions. Foreign invested companies are treated the same as local invested companies.
Furthermore, there are tons of available free trade in Taiwan that keeps current Taiwanese corporations from paying taxes and provides them with some financial incentives.
Due to the favorable tax laws and business-friendly nature, several multinational investors have thought about starting a business in Taiwan.
These choices are capable of assisting you to acquire remarkable cash flow thus maintaining modesty. Are you thinking about starting a business in Taiwan?
Search no more ‘cos you are in the right spot at the right time. Several exciting business ideas in Taiwan right now are enlisted thus:
Taiwan Accounting Standards: An Overview for Business Owners
6 minutesTaiwan accounting standards are known as Taiwan Generally Accepted Accounting Principles (GAAP). They differ from International Financial Reporting Standards (IFRS) that are adopted by many countries.
This article will provide you a brief overview of Taiwan GAAP and the bookkeeping requirements in Taiwan, as well as the audit requirement for companies in Taiwan.