Taiwan Free Zone LLC

Taiwan currently has 7 free trade zones, six sea ports and one airport: Keelung Port FTZ, Suao Port FTZ, Taipei Port FTZ, Taoyuan Port FTZ, Cargo Park FTZ, Taichung Port FTZ, Anping Port FTZ and Kaohsiung
Companies must rest a physical space in the Taiwan FTZs, usually in the form of warehousing or manufacturing space;
Although there is no minimum paid up capital, we recommend US$100,000 for the company incorporation, to secure an FTZ operating license, and to secure the physical office space;
In order to apply for a FTZ operating license, the company must provide the following documents:

1. i) application form ii) detailed business plan iii) copies of lease agreements iv) investment certificates v) online customs clearance forms vi) cargo handling and management processes vii) electricity and water consumption plan viii) CVs and personal documents of all investors and ix) Taiwanese company’s corporate documents;

An in person interview will also be required when applying for the Taoyuan Air Cargo Park FTZ
Features of a Taiwan Free Zone LLC

Taiwan  Free Zone LLC	Corporate Details
General
Type of Entity	Free Zone LLC
Registered Office in Taiwan	Yes
Shelf company availability	Yes
Our time to establish a new company	8 Weeks
Corporate Taxation	Yes (17%)
Access to Double Taxation Treaties	Yes
Share capital or equivalent
Standard currency	US$
Permitted currencies	EUR, USD, GBP
Minimum paid up	US$200,000
Bearer shares allowed	No
No-par-value shares allowed	No
Directors
Minimum number	One
Local required	No
Publicly accessible records	Yes
Location of meetings	Anywhere
Corporate directorship allowed	Yes
Shareholders
Minimum number	One
Publicly accessible records	Yes
Corporate shareholders allowed	Yes
Location of meetings	Anywhere
Company Secretary
Required	No
Local or qualified	No
Accounts
Requirements to prepare	Yes
Audit requirements	No
Requirements to file accounts	Yes
Publicly accessible accounts	Yes
Other
Requirement to file annual return	Yes
Migration of domicile permitted	Yes

Benefits of Taiwan’s Free Tax Zones

1. All of Taiwan’s free trade zones are strategic located to provide easy access to Hong Kong, mainland China, Japan and ASEAN countries;
2. All companies incorporated in the FTZ are exempt from commodity tax, tobacco and liquor tax, public health and welfare duty on tobacco products, business tax, trade promotion service fee, custom duty and harbor service fee;
3. Furthermore, 0% corporate tax rate applies for the transaction of commodities, equipment and services between Taiwan FTZs and bonded areas;
4. Custom clearance is exempted from inspection when shipped to or from the Free Zones;
5. Companies are allowed to have up to 40% of its total employees composed of foreign workers.

 
The Valsen Advantage

1. Speedy, Efficient and consistent Services.
2. Relentless effort to obtain bank accounts.
3. Expert advice on structuring options.
4. Dedicated ongoing compliance support.