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Corporate Service - Taiwan

Question

Taiwan Company- Company Act

Answer
Q:
Is it possible for a managerial officer to act as the same position in the other companies?
A:
No, it is not possible for a managerial officer to act as in multiple companies.

Q:
Is it possible for the managerial officer of head office to act as the same at the branch office?
A:
Yes, it is possible.

Q:
Is it possible for a company to guarantee for public affairs?
A:
If the company is the guarantor, the liability should be afforded by the company itself instead of the responsible person.

Q:
Is it necessary for shareholders to recognize the annual financial statements?
A: At the end of each fiscal year, directors shall submit each statement to shareholders for recognition in accordance with the article 228th in Company Act.

Q:
For the annulment of foreign company recognition, is it possible to apply for the withdrawal of recognition of the foreign company?
A: If a foreign company is no longer to proceed any business in Taiwan, it is possible for the company to apply for “deregistration of the branch office”.

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