- The pros of opening a company in Taiwan
- The cons of opening a company in Taiwan
- How to open a company in Taiwan
- The total cost of registering and maintaining a company in Taiwan
- How to open a multi-currency business bank account in Taiwan
- Frequently asked questions
- Get a free quotation from an agency that can help you to set up your Taiwan company
The pros of opening a company in Taiwan
- In order to solve the employment problem and attract foreigners with expertise, the Taiwan government provided with Regulations on the Permission and Administration of the Employment of Foreign Workers and tax incentives. Foreigners can get a work permit easier than in many other Asian countries and enjoy the favorable income tax rate;
- Taiwan’s corporate income tax rate is 20%, comparatively lower than Japan, Korea, China. The VAT rate is 5%, which is also lower than Japan, Korea, China, and Singapore;
- It is relatively easy, when compared to other Asian countries, to open a business bank account and transfer funds, if you can provide the required documents;
- The Taiwan government established the special-purpose zones that can meet changing business needs. At present, there are 174 industrial parks, 10 export processing zones, 3 science parks, 2 agricultural technology parks, 4 environmental science, and technology parks, and 7 free trade zones;
