Taiwan has been well-known for its innovation, good hardware development, good engineer quality, and people willing to embracing new technology. It’s an ideal place for you to build product or service and test the market. If you are interested in incorporating a company in Taiwan, this article will show you how to setup a company in Taiwan as a foreigner, and what is the important things you need to know in this setup procedure.
You can invest or incorporate a company in Taiwan as a natural person or as a foreign institutional investor (juridical persons). The types of business entities you can incorporate include:
- Limited Liability Company
- Company Limited by Shares
- Branch Office
- Representative office
- Subsidiary Company
Overview of Foreigner Set Up Taiwan Company Flow

1. Preliminary Check of Firm’s Intended Name
- You can provide 3-5 intended company names (in Chinese) for preliminary check. The government will check if the name have any conflict with other company or have conflict with some regulations. After checking, they will let you know which one you can use.
- If you like some Chinese name and find it already being used, you can add some keyword to make the name looks different. For example, if you really like the name “心朋” (Simpany) but find it used by other company, you can use “心朋科技” (Simpany Technology) or “心朋數位” (Simpany Digital) as your intended name.
- If you want to have a formal English name for your company, you can apply for import / export registration after the whole company incorporation flow.
- When you are registering a company in Taiwan, the government would require you to have a “company stamp” and a “responsible person (the business owner) stamp”
- In many formal situation, such as when you are opening a bank account or signing a contract with other company, you will need to use your “company stamp” and “responsible person stamp” as a proof that you are a representative of the company
- Because you need to put your name into the “responsible person stamp” it would be easier for you to have a Chinese name if your English name is long, so you could put your Chinese name into a stamp easily
2. Confirm If You Need an Appointed Investment Agent
3. Apply for Foreign Investment from Ministry of Economic Affairs Investment Commission (MOEAIC)
- Application Form A
- Copy of passport
- the original copy of “Point of Attorney”
- ID of your appointed agent
- Copy of “Preliminary Check of Firm’s Intended Name” result
- if you provide your paid-in capital in NTD, or via machines / devices, or via intellectual property rights, you need to provided related proof.
4. Open a “Preparatory Bank Account”
- Personal stamp
- Note: some banks allow you to use your signature to replace stamp but some banks don’t. You could confirm with the bank before you go.
- Records of ID in the Republic of China
- Result of “Preliminary Check of Firm’s Intended Name”
5. Transfer Money into Preparatory Bank Account
- Remittance Notice (original copy)
- Remittance Application Form or exchange slip (original copy)
6. Verify Capital Amount
- Capital verification application form
- Copy your “Preparatory bank account” passbook bankbook for the following pages
- the cover page
- the page showing the balance
- the page with “Assistant Manager” seal
- Remittance Notice from bank (original copy)
- Remittance Application Form or exchange slip (original copy)
7. Apply for Company Registration
- Some documents you should get from your landlord
- House Usage Agreement
- Latest issue of “House Tax Statement”
- (optional) Copy of “Construction Ownership Certificate”
- only necessary if the house is owned by more than 2 people. If the house is owned by 1 person, this copy of construction ownership certificate is not necessary.
- Copy of shareholder’s ID
- Agreement of Shareholders
- Consent to Act as Director/Supervisor
- Attendance Book for Board of Directors
- Business Location Review and Enquiry Form for Land Use Zoning Control
- Articles of Incorporation
- an audit report for the capital amount issued by a CPA
- Company stamp and responsible person stamp