Q01
Any limitation on the initial date of the project?
A01
The initial date of the project should not be earlier than the date of submitting an application.
Q02
I want to set a booth in the department store. Can I apply grant for booth as venue rental?
A02
Venue rental grant is for the rent of event area which is set for the project. Long-term booth rent is not included in.
Q03
Do we need to submit an auditing and attestation of a financial report at closeout step?
A03
The subsidy recipient needs to provide an auditing and attestation of a financial report by a certified public accountant (CPA) or chartered accountant (CA) when claiming the balance of subsidy.
Q04
Can an internal employee of the company serve as a consultant for the Taipei City Industrial Development Incentive Subsidy Program application?
A04
No, consultants must be outsourced manpower.
Q05
How is an enterprise that has been in operation for at least one year defined according to the Taipei City Small and Medium Enterprise Loan Program regulation Third?
A05
An enterprise is considered to have been in operation for at least one year if it has issued its first invoice or has been continuously paying business tax for one year prior to the application date for the loan.
Q06
Is there a minimum capital restriction for establishing a company in Taiwan?
A06
No, there is no minimum capital requirement for setting up a company in Taiwan. However, if you wish to apply for a work permit as a foreign manager, the company's paid-in capital or operational funds in Taiwan must be at least 500,000 NT dollars or more.
Q07
Are foreign subsidiaries qualify to apply for SITI?
A07
NO, foreign subsidiaries are not qualify for application, but foreign branches are qualify to apply for R&D Subsidy, Branding Subsidy, Incubation Subsidy and Investment incentives.
Q08
What is the maximum length of time for a work permit that may be applied for a foreigner hired to work in Taiwan? Is there a maximum number of applications?
A08
The maximum length of time for each work permit is 3 years for a foreign professional, which may be extended by application at the end of the employment; there is no limit to the number of extensions.
Q09
Can a foreigner set up a joint venture with a Taiwanese or a person of a different nationality?
A09
Yes. However, the shareholding structure of the company includes foreign investment and therefore needs to be approved by the Investment Commission(MOEA).
Q10
Can foreigners register a business in Taiwan? How to apply?
A10
Yes, please refer to the Statute for Investment by Foreign Nationals and attach the approval documents issued by the Investment Board, Ministry of Economic Affairs.
