Comprehensive Guide to Taiwan Tax Residency
8 minutesTaiwan, a rapidly developing country, offers a favorable business environment and high quality of life, supported by government financial incentives aimed at attracting foreign investors. These incentives include special tax treatments for individuals and companies establishing residence or operations in Taiwan. To fully benefit from these incentives, it is essential to understand the different tax residency categories in Taiwan.
A Complete Guide On Annual Leave In Taiwan
6 minutesTaiwan is a jurisdiction known for its favorable labor laws. The labor law in the country is controlled by the Labor Standards Act of 1984. This act is responsible for setting conditions of employment, such as wages, working hours, termination of employment, holidays, overtime, rest periods, and leaves. If you’re an employer in Taiwan, you’ll need to learn about all labor regulations, especially concerning workers’ annual leave. This piece will offer all the essential details about annual leave in Taiwan.
Points to Consider Before Starting a Business in Taiwan
5 minutesTaiwan has evolved to become a perfect business place in Southeast Asia through the years. With a 90% confident rating in a 2021 survey, starting a business in Taiwan indeed looks good! Perhaps, this is because the country offers a list of advantages that include its educated workforce, geographical location, a sturdy legal environment, excellent infrastructure, and a robust IT cluster.
Labor Insurance for Taiwan Foreigners: A Practical Guide for Employees and Employers
5 minutesRegardless of the business size, employers are required within the jurisdiction of the Taiwan employment Act to enroll all recruited employees, including interns and business assistants, in labor insurance on the first day of employment. This is also applicable to non residents and foreign workers. Labor insurance for Taiwan foreigners is expected for all foreign workers employed in Taiwan.
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.