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Taxation - Taiwan

Question

Common FAQ for Deregistration of a Company in Taiwan

Answer
Q:
How long will it take to deregister a company in Taiwan?
A:
7 months approximately.

Q:
Is the whole procedure of deregistration of a company done upon the approval letter of deregistration issued by MOEA received?
A:
Not yet. As the approval letter of deregistration issued by MOEA is received. The company shall proceed the declaration of taxes and deregistration of tax ID number and identity in Bureau of Taxation, application of deregistration and liquidation to the court, deactivation of corporate bank account and deregistration of export and import certificate in Bureau of Foreign Trade.

Q:
Is there any restriction on appointment of a liquidator for deregistration of a company in Taiwan?
A:
No, it isn’t. The shareholders or directors of the limited company may act as liquidators of the company and may also be appointed by the majority of the shareholders of the company to elect the liquidator. There is no restriction of nationality of the elected liquidator (except Mainland Chinese). If the liquidator is foreigner, he/she must remain in Taiwan during the liquidation period and provide immigration records.

Q:
How long it is for the term of office of a liquidator?
A:
The term of office of the liquidator shall not exceed six months, and if want to extend the liquidation period, shall be filed and report to the court before the expiry of six months and every extension is no longer than six months.

Q:
What kind of documents are required for the application of liquidation?
A:
The application documents contain statements, income statement, financial position and meeting record and property catalogs of parent company, etc.

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