Tips on How to Open a Bank Account in Taiwan as a Foreigner
4 minutes Whether you are a citizen, tourist, immigrant, resident, or a foreigner, a Taiwanese bank account is essential to get your financial transactions done on a daily basis. Open bank account in Taiwan involves all the legal documentation and applications to get a working bank account. If you’re a foreigner and would be aspiring to launch a business in Taiwan, read this article to the end to see the steps involved in corporate bank account opening in Taiwan.
How it Works: Taiwan Preparatory Bank Account Opening
4 minutes The 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.
