Establishing a branch
Process
Procedures
Working days
Reservation of Taiwan branch name
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Photo copy of shareholder's ID
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Provide 5 company name in the order of your preference
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Scope of business
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Local contact address - address of preparatory office, if available
1 - 2
Apply for investment approval
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Photocopy of certificate of parent company
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Power of attorney (POA) to appoint a representative
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Power of attorney to appoint a branch manager
10 - 14
Open bank account and remit working capital
Working capital verification
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Branch manager needs to go to bank in person to open bank accounts.
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Remit working capital from parent company
1
*** Note: The branch manager needs to go to bank to convert preparatory bank account to official bank account after establishment of the branch.
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Provide remittance memo to CPA
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CPA verifies and issues remittance verification report
10 - 14
Business registration
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Representative needs to go to tax office to acknowledge being appointed as a representative by signing a document