Taiwan Limited Company – Company and Firm
Q: | What are the required documents for the import and export business? |
A: |
In import and export business it required to register the company name in English at the Trade Bureau. |
Q: | Is a company or firm better for e-commerce? |
A: |
If the business volume is not substantial it is suggested to establish a firm and apply for the exemption of issuance of uniform invoice (such requirement of exemption is dependent on Trade Bureau to verify). |
Q: | What is special business? |
A: |
Special business refers to a business with the last digit of business code is 1, such as Comprehensive Construction Activities E101011. A special license or certificate is required before the establishment of a company. |
Q: | How much is the suggested amount for company capital? |
A: |
The amount of capital should be determined by the individual in charge. Generally, the amount of capital is set up more than NTD500,000 but less than NTD5,000,000 being much appropriate to cover expenditures at the first half of year. |
Q: | Is it possible to be free from the registration of a company or firm to run a shop? |
A: |
It is not possible. It is suggested to establish a company or firm pursuant to the related laws, or it may be imposed an amount of fine by Taxation Bureau. |