Understanding the Financial Year End Closing in Taiwan
4 minutes Financial year end closing in Taiwan is the crucial process of summarizing and reporting financial data at the end of the fiscal year, typically in December. It ensures compliance, assesses financial health, and informs future planning. In this article, take a closer look at the financial year end closing in Taiwan and what it entails.
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.
Simple Guide: Taiwan Business Visa Requirements
3 minutes Taiwan, also known as the Republic of China, is one of the most popular and most visited places in Asia. This country is found in East Asia and has a reasonable population of 23.7 million. Most people that visit Taiwan do so either to explore the beautiful landscape in the region or for business. If you’re visiting Taiwan to do business, you’d need a visa to perform such activities. Before you begin your visa application, there are a few things you need to know. This guide will reveal all the essential details on business visas in Taiwan.
A Complete Guide On Annual Leave In Taiwan
4 minutes Taiwan 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.
A Detailed Guide On The National Health Insurance For Foreigners In Taiwan
5 minutes Many foreigners usually cannot access quality health services when they leave their home country. They either have to spend high fees or settle for substandard services. If you’re a foreigner planning to come to Taiwan, you will do well to learn about the national health insurance Taiwan foreigners. This piece will focus on all the essential details of this insurance scheme.
Labor Insurance For Taiwan Foreigners
4 minutes Regardless 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 Get a Taiwan Work Permit
4 minutes As a foreigner in Taiwan (Republic of China), you will need to open work permit taiwan to work in the country. If you are moving from a foreign country for work, there are three permits you must have..
3 Different Ways of Closing Down a Company in Taiwan
4 minutes Taiwan’s lowest bracket tax rate for individuals (5%) makes it one of the lowest rates in the world.
However, many expatriates and businesses in Taiwan may wonder what Taiwan Tax rate they fall under.
Throughout this guide, we will cover the basics of the Taiwan tax system. Moreover, we will also go over the various tax rates an individual may fall under and how to pay your tax in Taiwan.
