Valsen Corporate

Taiwan PLC

Our Clients may setup a new company with only 1 shareholder and 1 director, who can be of any nationality or residency. Furthermore, if an investor decides to register a branch or representative office of their existing company, they will not be required to appoint local representatives;

  • Taiwan provides an excellent gateway to the leading Asian markets because:
  1. Taiwan is a gateway to other large markets in Asia. With a huge number of international trading companies, port facilities, and supporting banks, Taiwan is an excellent source of trade finance. The strength and dependability of its shipping, infrastructure, and transportation sector attracts the world’s leading shipping companies to its ports;
  2. Taiwan has 7 international ports, and is located a mere 53 hours away from the five major Asia-Pacific harbors (Hong Kong, Manila, Shanghai, Tokyo, and Singapore).
  • Taiwan is an excellent jurisdiction to setup an industrial company because:ach wealthy Taiwanese market;
  1. Taiwan is a relatively inexpensive country in which to operate, as skilled labor costs are around US$550 per month. Wage inflation in the country is currently low, meaning that businesses are able to grow their profits more quickly than their overheads;
  2. Companies engaging in projects intending to upgrade their industrial facilities will be eligible to apply for loans from the National Development Fund (NDF) in order to finance such undertakings;
  3. The Taiwanese government is also offering low interest loans for companies engaging in I) Research and Development (R&D) activities, specifically agricultural technology and ii) distribution activities;
  4. The World Bank ranks Taiwan as the 2nd best, 3rd best and 14th best jurisdiction in the world with regards to “getting electricity” , “dealing with construction permits” and “enforcing contracts” respectively;
  5. Consequently, Taiwan was ranked as the 14th most competitive jurisdiction in the world by the World Economic Forum for the year 2016-2017. 

Features of Taiwan PLC

Taiwan  PLC

Corporate Details

General
  • Type of Entity

PLC
  • Registered Office in Taiwan

Yes
  • Shelf company availability

Yes
  • Our time to establish a new company

10 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$50,000

No
  • No-par-value shares allowed

No

Directors
  • Minimum number

Three
  • 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

Taiwan PLC Distinctive Benefits

  • Taiwan’s corporate tax is 17% of total taxable income. This compares favorably against rates in Korea (22%), mainland China (25%), and Japan (30%);
  • A company registered in Taiwanese free trade zones will VAT is low in Taiwan, with a standard rate of 5%. Furthermore, exports from Taiwan enjoy a 0% VAT rate;
  • Companies investing in infrastructure projects are eligible for various incentives including i) corporate tax exemptions ii) customs duties exemption deferment and iii) tax credits;
  • Companies setting up operations in the free trade zone will be allowed to import goods and machinery into the zone without being required to pay certain duties including VAT, customs duty, commodity tax and trade promotion service fee. Similar incentives may also be claimed by companies setting up in economic processing zones, science parks, bonded factories and warehouses;
  • Companies investing in R&D activities are eligible to claim up to 15% of their expenditure against its income tax liability, although the amount claimed must be less than 30% of its liability for the year;
  • It is possible for foreign companies to apply for withholding tax exemption on royalty payments being made to a foreign company for usage for their technology in Taiwan. In such a case, a foreign company will require approval from the Industrial Development Bureau (IDB).

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.