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Q：
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How many working days are required to deregister a company in Taiwan?
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A：
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Approximately seven months.
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Q：
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Is the deregistration of a company in Taiwan complete once the approval letter for cessation is obtained from the Department of Commerce, MOEA?
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A：
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No, after obtaining the approval letter from the Department of Commerce, additional steps are required, including deregistering the business and completing tax filings with the National Taxation Bureau, applying for and completing the company liquidation process through the court, closing the company’s bank accounts, and deregistering with the Bureau of Foreign Trade for import/export activities. Only after these steps are completed is the deregistration process finalized.
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Q：
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Are there any restrictions on appointing a liquidator for deregistering a company in Taiwan?
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A：
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No. Shareholders or directors of a limited company may serve as the liquidator. Alternatively, a liquidator can be appointed with the consent of more than half of the shareholders. There are no nationality restrictions for the appointed liquidator (excluding individuals from Mainland China). However, foreign nationals must reside in Taiwan during the liquidation process and must provide proof of entry into Taiwan.
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Q：
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What is the duration of a liquidator’s term?
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A：
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The term of a liquidator cannot exceed six months per appointment. If an extension of the liquidation period is required, an application must be filed with the court before the term expires. Each extension may not exceed six months.
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Q：
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What documents are required for the liquidation process when deregistering a company in Taiwan?
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A：
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The application documents include a declaration form, shareholder consent form, balance sheet, and inventory of assets.
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FAQ
