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.
Taiwan Company Chop: The Stamp of Authority in Taiwanese Business Culture
6 minutesIn the bustling landscape of Taiwanese business culture, few symbols carry as much weight and significance as the company chop. Serving as a tangible representation of authority, trust, and legality, the company chop holds a revered position in both traditional and modern business practices in Taiwan. Understanding its role and significance is crucial for anyone navigating the intricacies of Taiwanese commerce. In this article, we take a better look at the Taiwanese business culture, exploring the implications and types of company chop. Continue reading to discover the power and symbolism behind this small yet mighty stamp that shapes the course of business transactions across the island.
The Ultimate Guide of Tax Refund in Taiwan For Foreign Workers
6 minutesBusinesses and entrepreneurs around the world are considering moving to Taiwan due to its robust economy. The quick economic reforms in the 70s, which were regarded as the “Taiwan Miracle,” quickly made the region a developed economy. Today, Taiwan ranks 15th in the global ease of doing business charts and ranks as the 8th largest Asian economy and 18th largest in the world. Taiwan is in the advanced economic group and the high-income’s group in the World Bank. With the region’s effort to improve the service-oriented industry and attempts to diversify its trade markets, the environment is even better. Taiwan has a well thought out economic policy system, an indirect tax system, and some quite appealing terms, like the tax refund in Taiwan for foreign workers.
The Complete Guide to Taiwan GUI
6 minutesWhat is a Taiwan GUI (Government Uniform Invoice)? All VAT-registered merchants in Taiwan must apply for the government’s preprinted invoice books. In general, only books printed by the government may be used to send invoices to clients. A corporation must request government pre-approval if it wants to use self-printed invoices. Any authorized self-printed invoice must be assigned a unique serial number.
Wondering How to Do Business in Taiwan as a Foreigner? Here’s how!
7 minutesTaiwan exists as an island close to China but is not a part of it. Often, people hear of Taiwan in newscasts, making them remember the product labels bearing its name. For some foreigners, this is enough to make them start thinking about how to do business in Taiwan.
Getting a Deeper Understanding of the Taiwan Tax Rate
7 minutesTaiwan boasts one of the world’s lowest individual tax rates at just 5%, making it an attractive destination for expatriates and businesses alike. This guide aims to demystify the Taiwan tax system, providing a comprehensive overview of the various tax brackets and rates applicable to individuals. Additionally, it will offer practical insights on how to navigate the tax payment process in Taiwan, ensuring you are well-informed and compliant with local regulations. Whether you are an expatriate or a business owner, understanding these tax nuances is crucial for effective financial planning and management.