Establishing a representative office is the easiest and fastest option for foreigners not conducting sales activities in Taiwan.
No, there is no minimum capital requirement.
However, if the company/branch wishes to hire foreigner, the minimum capital is TWD 500,000 to hire a foreign executive officer, or TWD 5,000,000 to hire techinicians.
Yes, normally the representative of company or branch manager of a branch needs to come to Taiwan to open bank account and sign an acknowledgement letter in tax office in person.
No, because of anti-money laundering regulations, the bank need to verify bank owners identification. The verification normally need your presence in the bank. In some exceptions, the bank might accept verifications through overseas branch of the bank in your country.
A power of attorney appointing a CPA to file applicaton on your behalf needs to be notarized.
Yes, the company or branch need to have bank account to receiive registered working capital.
Notarization can be done by government agency, court, notary public or Taipei Representative Office in your country.
None, but the authority reserve the right to notarize company certificate of company shareholders.
None, but the authority reserve the right to notarize company certificate of company shareholders.
A representative office can participate in signing agreements, bidding, quoting, purchasing and price negotiation.