Common FAQ for Limited Company by Shares in Taiwan (17)
Q: |
How to register the company name in foreign languages for foreign companies? |
A: |
Companies which would like to register the company name in foreign languages shall revise the articles of incorporation first. The competent authorities will refer to the company name in foreign languages on the articles of incorporation to register the company name. |
Q: |
How to deal with the condition that the company name in foreign languages has already been registered in Bureau of Foreign Trade by other companies? |
A: |
The competent authorities will reserve and verify the applied name if used or not pursuant to the international trade articles. In the circumstance of the name fully corresponsive, such company shall alter the reserved company name within the stipulated period, whereas the competent authorities hold the rights of cancelling or nullifying the reserved name. |
Q: |
Is it necessary to reserve the company name for foreign companies? |
A: |
Foreign companies shall apply for the reservation of company names. Otherwise, the competent authorities will register the company name as the articles of incorporation, in regardless of the reservation of company name, but the system of cancellation or nullification is remained. |
Q: |
Is it possible to distribute the surplus in the condition of comments on accounting audit report? |
A: |
No certain articles stated in Company Act, the adoption of distribution is fully dependent on directors’ resolutions. |
Q: |
Is it necessary to verify the financial statement by accountant in each season (half of a year or fiscal year) stated on articles of incorporation for private companies? |
A: |
No certain articles stated in Company Act about the form to present the verification after the supervisor verify the business report and financial statement. |