Home Services Taiwan Branch Office Registration Package #TWBO5HK - Branch registration, Registered Office and Bank Account
This package is suitable for Hong Kong registered company intending to apply to register a branch office in Taiwan for the purpose of carrying out trading business in Taiwan.
The package includes all procedures required for the purpose of registration of a branch office in Taiwan. Immediately after we hand over the registration documents to you, the branch office is ready to commence its business.
1. Taiwan Branch Office Registration Package - Scope of Services | ||
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(1) | Registration and Related Services | |
(i) Name check and reservation (ii) Preparation of memorandum & articles of the company and other incorporation documents (iii) Professional & Filing Fees (iv) Application for Business Certificate (v) Application for Tax registration |
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(2) | Acting as Local Agent | |
A branch office in Taiwan is required by the Company Law to appoint a local agent. The local agent can either be a local Taiwanese or foreigner who resides at Taiwan with valid residence permit. This package already includes the provision of local agent for one year. | ||
(3) | Business Address/Registered Office | |
A company must maintain a business address in Taiwan where the correspondence from Taiwan Government can be served and business is carried out. This package already includes a business address for one year. |
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(4) | Bank Account Opening | |
We will assist you to open corporate bank account in Taiwan at the time of registration. Please note that the physical presence of the director of the Taiwan Company in bank meeting is required. | ||
(5) | Capital Verification | |
Immediately after the shareholder remits the registered capital to the bank account in Taiwan, we will arrange the capital verification. | ||
(6) | Documents Legalisation | |
The investor is required to arrange to have its identity documents/incorporation documents and Power of Attorney legalised by the Taiwan Embassy in the country where the investor is registered/resided. If the investor is a Hong Kong company/Hong Kong resident. We can assist you to arrange the legalisation of the above documents and our charge is 1,100. If the investor is another country, please note that the legalization fee is depending on which country. | ||
(7) | Import and Export Card | |
If you intend to conduct import and/or export business in Taiwan, you are required to apply for Import and Export Card with Ministry Economic Affairs. Our charge for applying the license is USD 260. It will take around 2-3 working days to get the approval of the license. |
2. Services Fees and Payment Terms | ||||||||||||||||||||||||||||||||
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(1) | Service Fees | |||||||||||||||||||||||||||||||
Summary of costs related to the registration of a branch in Taiwan:
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Note: |
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(2) | Time of Billing and Payment Methods | |||||||||||||||||||||||||||||||
Upon receipt of your order, we will issue an invoice to you for your settlement. We require full payment in advance. |
3. Procedures for Establishing a Branch in Taiwan | |||
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(1) | Preliminary | ||
(a) | Lease of Office Space | ||
Firstly, the parent company will have to enter into a tenancy agreement in relation to the office space to be used by the branch office. The office must be located in a commercial building. This package includes the provision of registered office. | |||
(b) | Legalisation of Identity Documents of the parent company | ||
The parent company is also required to arrange to have the identity documents, such as Certificate of incorporation and Articles of incorporation and bylaws (including all amendments to-date) of the parent company legalised by the Taiwan Embassy in the country where the parent company is registered | |||
(c) | Legalization of Board Minutes, Power of Attorney for Appointment of the litigious and non-litigious agent and branch manager | ||
The parent company is also required to issue and have the Board Minutes, Power of Attorney appointing the companys litigious and non-litigious agent and Power of Attorney appointing the branch manager legalised by the Taiwan Embassy in the country where the parent company is registered. | |||
(d) | Other Documentation | ||
The parent company at the same time needs to prepare other documents, such as photocopy of passports and address proof of the Agent and Manager. |
(2) | Application for Registration of the branch | ||
(a) | Name Search and Reservation | ||
The registration process of a branch starts with name availability search. We will perform a name availability search with the Ministry of Economic Affairs, R.O.C and confirm with you their availability. |
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(a) | Examination and Approval | ||
As for the timing of approval, Ministry of Economic Affairs is required to make its decision within 10 workings days from receipt of all the documentation. | |||
(a) | Opening bank account and capital verification | ||
Once obtaining the approval from Ministry of Economic Affairs, the person in charge of the branch is required to visit Taiwan for the purpose of account opening. |
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(a) | Application for Registration | ||
Once all the documents listed in Section 2.1are prepared, those documents are then submitted to Department of Commerce, MOEA for registration of the representative office. | |||
(a) | Application for Tax Code | ||
After that, the representative office is then required to apply for registration with the State Tax Bureau and apply for Tax Code. |
4. Estimated Time Frame | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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It is estimated that the whole registration process would take around 1.5 months. The table below shows the estimated time frame for each of the steps for the registration process.
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5. Required Documents and Materials | ||
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The following documents and materials needed to be prepared by the application before submitting an application for registration: | ||
(1) | A set of registration documents of the Hong Kong company, including the Certificate of Incorporation, Business Registration Certificate and latest Annual Return; | |
(2) | A copy of passport copy and address proof of the manager; | |
(3) | The Chinese name of the proposed branch; | |
(4) | The capital amount for operation of the branch; | |
(5) | A brief description of the principal business activities of the branch office. |
6. Important Note | ||
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The Company Act does not require a registered capital for the purpose of registration of a branch office in Taiwan. However, we suggest that the initial capital shall be set at an amount which is sufficient to cover the operating costs of the branch office for 3 to 6 months or before it starts generating income. |
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