Q01
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?
A01
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.
Q02
Is there a minimum capital restriction for establishing a company in Taiwan?
A02
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.
Q03
Are foreign subsidiaries qualify to apply for SITI?
A03
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.
Q04
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?
A04
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.
Q05
Can a foreigner set up a joint venture with a Taiwanese or a person of a different nationality?
A05
Yes. However, the shareholding structure of the company includes foreign investment and therefore needs to be approved by the Investment Commission(MOEA).
Q06
Can foreigners register a business in Taiwan? How to apply?
A06
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.
Q07
Is there an age limit to apply for a Startups subsidy?
A07
No, there is no age limit. All company registered in Taipei City and within one year can apply for it.
Q08
What is the "Registered Address" refer?
A08
Registered Address is the company's base and commercial legal relationship, not the place of business premises.
Q09
Does the employee’s labor insurance have to be insured under the company when applying for SITI?
A09
Yes.
Q10
Can foreigners set up solely foreign-owned enterprises in Taiwan?
A10
Yes. In addition to sole proprietorships, foreigners are also able to operate joint ventures with people from different countries or with Taiwanese.
