Type of Entity

Branch Office of Foreign Company

Subsidiary

Limited Company

Company Limited by Shares

Character

Foreign companies apply for recognition and set up branch office, for doing business in Taiwan.

Shareholders apply for an independent corporation, for doing business in Taiwan.

Company Name

Translate foreign company name into Chinese language and apply for name verification.

Name company & apply for name verification

Documents

1. Certificates of the status of foreign companies /nationals
2. Authorization letter of proxy which legalised by Taiwan embassy
3. Investment plans

Minimum Number of Shareholders

0

1

1-2 (Note 1)

Minimum Number of Directors

1 (Note 2)

1

3

Minimum Number of Supervisors

N/A

N/A

1

Corporate Directors Permitted

No (Note 2)

No

Requirement for Local Directors

No

Requirement for Local Supervisors

N/A

No

Requirement for Registered Office

Yes

No

Yes

N/A

No

Yes

None (Note 4)

20% (of Income after Company Income tax)

No

Yes

Any unperformed obligation of branch office shall still be performed by foreign company.

When the assets of company are not sufficient to meet its liabilities, the company shall apply for a declaration of bankruptcy.