Taiwan Branch Office Registration Package #TWBO5 (For Company Registered in Place other than Mainland China)
This package is suitable for company registered in places other than Hong Kong, Macau and Mainland China 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
(1) Registration and Related Services
(i) Name check and reservation
(ii) Preparation registration application documents
(iii) Professional & Filing Fees
(iv) Application for Business Certificate
(v) Application for Tax registration
(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.
(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.
(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
(1) Service Fees
Summary of costs related to the registration of a branch in Taiwan:
Item |
Description |
Amount (NTD) |
1 |
Our service fees |
56,000 |
2 |
Official filing/registration fees (estimated) |
2,000 |
3 |
Local Agent Service/ per annum |
20,000 |
4 |
Registered Office Service/ per annum |
48,000 |
5 |
Establishment of corporate account |
14,000 |
6 |
Import and Export Registration |
4,000 |
7 |
Disbursements |
2,000 |
|
TOTAL |
146,000 |
Note:
(1) Translation Costs
Our service charge stated in table above does not cover translation costs for translating the documents of the parent company from English to Chinese, if required. We could arrange the translation on your behalf and the translation cost will be billed separately.
(2) Legalisation Costs
The investor is required to arrange to have its identity documents and Power of Attorney legalised by the Taiwan Embassy in the country where the investor is registered/resided. Our fees listed in the table above does not include the Legalisation fees.
(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.
If Taiwan official tax invoice is required, a Business Tax of 5% of the invoiced amount will be charged and collected.
We currently only accept Hong Kong Dollar check, cash or TT and credit card through Paypal. Please click here for payment methods.
It is estimated that the whole registration process would take around 4-6 weeks. The table below shows the estimated time frame for each of the steps for the registration process.
Step |
Description |
Who is Responsible |
Working Days |
Preliminary |
|||
1 |
Legalisation of Incorporation Documents |
Client |
Investor’s schedule |
2 |
Tenancy (Lease) Agreement (for the office to be used by the FICE) |
Kaizen |
Investor’s schedule |
3 |
Other documents |
Investor |
Investor’s schedule |
Application for Registration |
|||
4 |
Perform Name available search |
Kaizen |
2 |
5 |
Application for Approval from Ministry Of Economic Affairs, R.O.C. |
Kaizen |
7 |
6 |
Application for Approval and Carving of Company Seals |
Kaizen |
2 |
7 |
Opening bank account – Preparatory Account |
Kaizen |
1 |
8 |
Capital Verification |
Kaizen |
5 |
9 |
Application for外國公司認許表from Ministry Of Economic Affairs, R.O.C. |
Kaizen |
7 |
10 |
Perform State Tax Registration(國稅局稅籍登記) |
Kaizen |
6 |
11 |
Opening bank account – Normal Account |
Investor |
5-10 |
|
1.5 months |
4. Required Documents and Materials
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 foreign company, including the Certificate of Incorporation, Business Registration Certificate and latest Annual Return or documents of similar nature;
(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.
5. Certificate and Documents Obtained after Registration
After the company is officially registered in Taiwan, the investor should have the following documents and certificate evidencing that the company is ready for business:
(1) Foreign company recognition certificate;
(2) Branch office registration approval letter and registration form issued by the Taiwan Government;
(3) Business tax registration form;
(4) Business tax registration approval letter;
(5) Company chop and chop for the person-in-charge;
(6) Uniform tax invoice collection certificate;
(7) Import and export registration
6. Important Note
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.
If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:
Tel: +852 2341 1444
Mobile: +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ Wechat: +852 5616 4140
Skype: kaizencpa
Email: info@kaizencpa.com
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