How to start a business in Taiwan

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How to Start a Business in Taiwan is an elaborative and informative guidebook that includes everything a foreigner needs to know to start a successful business in Taiwan. From the value of being an entrepreneur, to renting or buying an office; from marketing in Taiwan, to getting government grants; from the business registration process, to working with accountants and lawyers. Moreover, How to Start a Business in Taiwan includes many insider start-up tips and suggestions, coming from foreign entrepreneurs who have already built their own businesses in Taiwan and other countries. In short, How to Start a Business in Taiwan is a must-have if you are interested in or thinking about setting up a business in Taiwan. And if How to Start a Business in Taiwan doesn't cover something you think it should cover, contact us now. Best of luck with your endeavours!

May 2014 - Book Update Summary

Following the publication of 'How to Start a Business in Taiwan' in January 2013, we have continued our research and paid close attention to some changes made regarding policies and regulations, especially those related to foreigners and foreigner entrepreneurs in Taiwan.

The most noticeable addition we have in the newly released update includes a section on The Second Generation Health Care under the Insurance and Pension chapter. This new addition provides a comprehensive introduction of The Second Generation and explains how the fares are calculated under the implementation since 2013. From an employer's point of view, now you need to pay attention to deductions made on bonuses, part-time salary, and the choice of salary brackets.

Another addition we have is on pension. Since January 2014, foreign spouses married to Taiwanese nationals are included in the Labor Pension Act. Now they can enjoy the same pension scheme as Taiwanese citizens. From an employer's point of view, this means you have to contribute at least 6% of the employee's monthly salary to a designated individual account established by the Bureau of Labor Insurance. The account stays with the employee if/when he leaves the company. For foreign employees NOT married to Taiwanese nationals, they have to be enrolled in the pension system as well, but under a totally different scheme. For them, your company has to set up a special account at Bank of Taiwan (臺灣銀行) and contribute at least 2% of their monthly to this account. They will not be able to claim the money unless they work for your company for 25 years or over the age of retirement. Leaving without meeting the requirements, he cannot enjoy the pension and the money goes back to the company.

A revision is made to Minimum Wage under the Employment Laws chapter. Starting from July, 1, 2014, the minimum salary for full-time employees is NT$19,273/month. For part-time workers, the minimum wage has also changed to NT$115/hour. Other minor changes include checking the book links and footnotes and see if the links are still valid and available for references. A few pieces of outdated information have been removed or revised as well.

Last Updated: Wednesday, 21 May 2014 15:45

Hits: 5979

Book Links

 If you find any dead or wrongful links, please let us know so we can update them.

Book Links

Chapter: Cultural Issues

Code Page Doc Name/Link Source
b1 45 How to Deal with Chinese Suppliers and Manufacturers ➮ Ezinearticles, International Business

 

Chapter: Finding Employees, Salaries and Wages

Code Page Doc Name/Link Source
b2 51 PCMan X ➮ Sourcefourge
b3 55 Enspyre Internship Facebook  Enspyre
b4 58 Online Salary Database (time period and industry)  Taiwan Government
b5 58 Salary based on Industry (Chinese)  104 Human Resource Bank
b6 59 Salary Inquiry based on Industry and Location (Chinese)  yes123 Human Resource Bank

 

Chapter: Renting An Office

Code Page Doc Name/Link Source
b7 80 Listings of Houses and Shops for Sale and Lease (Chinese)  Kijiji奇集集

 

Chapter: Resources

Code Page Doc Name/Link Source
b9 96 The Handy Guide for Foreigners in Taiwan  Executive Yuan

 

Chapter: How to Finance Your Business

Code Page Doc Name/Link Source
b10 105 Loans for Foreigners  Bank of Taiwan
b11 109 Meet Startup 創業小聚 Facebook  Business Next
b12  110 Demo Day  AppWorks Ventures

 

Chapter: Government Grants and Subsidies

Code Page Doc Name/Link Source
b13 117 Taipei City Subsidy Projects  Taipei City Government

 

Chapter: Money and Invoices

Code Page Doc Name/Link Source
b14 b15

129

130

Tax Portal local contact details and locations (Chinese)  Ministry of Finance
b16 132 Company Registry Search Engine (Chinese)  Ministry of Economic Affairs

 

Chapter: Lawyer & Legal Assistance

Code Page Doc Name/Link Source
b19 156 Taiwan Laws, Regulations, and Treaties Database  Ministry of Justice
b20 157

The Legal Aid Foundation

List of contact details of local bar associations and university-affiliated legal services (Chinese) 

The Legal Aid Foundation

Ministry of Justice

 

Chapter: Visa, ARC & Work Permits

Code Page Doc Name/Link Source
b21 160 Employment Services Act  Ministry of Justice
b23 166 Applying for visitor visas: A list of designated countries and procedures  Ministry of Foreign Affairs
b24 170 How to apply APRC  National Immigration Agency
b67 162 Qualifications and Criteria Standards for foreigners undertaking the jobs specified under Article 46.1.1 to 46.1.6 of the Employment Service Act  Laws and Regulations of the R.O.C.

 

Chapter: Employment Laws

Code Page Doc Name/Link Source
b25 172 Labor Standards Act  Ministry of Labor

 

Chapter: Insurance and Pension

Code Page Doc Name/Link Source
b64 181 Salary Bracket  Bureau of Labor Insurance, Ministry of Labor

b26

181

Ordinary Labor and Employment Insurance (download tables at the bottom) 

Bureau of Labor Insurance, Ministry of Labor

b27

181 Accidental Labor Insurance Premium  Bureau of Labor Insurance, Ministry of Labor

b28

182 Health Insurance Premium Contribution and Table  National Health Insurance Administration, Ministry of Health and Welfare

b29

184 Application forms for Health Insurance (Chinese)  National Health Insurance Administration, Ministry of Health and Welfare
b30 185 Contact details of a list of BLI offices  Bureau of Labor Insurance, Ministry of Labor
b31 188 See b27  
b50 198 2nd Generation Health Insurance FAQs National Health Insurance Administration, Ministry of Health and Welfare
b51  198 NHI enrollment for international residents  National Health Insurance Administration, Ministry of Health and Welfare
b52  206  How to set up a Pension Supervising Committee (Chinese)  Department of Law, Taipei City Government

 

Chapter: Trademark

Code Page Doc Name/Link Source

b33

b34

208

210

Trademark Search Engine (Chinese) ➮

Trademark Search Engine (English) 

Intellectual Property Office, Ministry of Economic Affairs
b35 210 Trademark FAQs  Intellectual Property Office, Ministry of Economic Affairs
b36 210 Trademark Act  Ministry of Justice
b37 210 Enforcement Rules of Trademark Act  Ministry of Justice
b38 211 List of trademark agents  Intellectual Property Office, Ministry of Economic Affairs
b39 211 Trademark Application Forms (Chinese)  Intellectual Property Office, Ministry of Economic Affairs

 

Chapter: Patent

Code Page Doc Name/Link Source
b40 218 List of registered patent attorneys  Intellectual Property Office, Ministry of Economic Affairs

 

Chapter: Business Registration Processes

Code Page Doc Name/Link Source
b46 233 List of certified notary according to judicial districts (Chinese)  Judicial Yuan

b47

b48 

236 A list of Business Item and information (Chinese)  Ministry of Economic Affairs 
b49 237  Business Items Search Engine (Chinese)  Ministry of Economic Affairs 
b50 239 Company Registration Information (Chinese)  Commerce Industrial Services Portal
b51  239  Company Registration online application portal (Chinese)  Commerce Industrial Services Portal
b52  245  Company Act   Ministry of Justice
b53 253  Special Industry Permission Ministry of Economic Affairs 
b65 259 See b51  

 

Chapter: Exit Strategies

Code Page Doc Name/Link Source
b41 271 Kijiji Ads space  Kijiji奇集集
b42 272 104 Ads space  104 Human Resources Bank
b43 272 Webmasterclub
 Webmasterclub
b44 277 Bankruptcy information (Chinese)  Small and Medium Enterprise Administration, Ministry of Economic Affairs
b45 280 IPO Rules  The Taiwan Stock Exchange

 

 

Footnotes from the book

Chapter: Why Start a Business in Taiwan?

Code Page Link Source
a1 23 Link no longer available
National Science Council, Taiwan

 

Chapter: The Value of Foreign Entrepreneurs

Code Page Link Source
a2 26 Immigrant, Inc.  Amazon.com
a3 26 How did Youtube get started?  Wiki Answers
a4 28 Acedamia Sinica  Acedemia Sinica

 

Chapter: Getting Started

Code Page Link Source
a5 32 Negative list for investment by foreigners  Investment Commission, Ministry of Economic Affairs

 

Chapter: Finding Employees, Salaries, and Wages

Code Page Link Source
a6 57 Average salary search engine based on industries (Chinese)  National Statistics

 

Chapter: Marketing in Taiwan

Code Page Link

Source

a7

70 Digital Media in Taiwan  Wikipedia

a8

70 Taiwan Search Engine Market Share  StatsMonkey

a9

71

Facebook penetration in selected Asia Pacific countries Statista

a11

71

72

Lead Generation and Internet Marketing in Taiwan  MVF Global Customer Acquisition

 

Chapter: Buying an Office 

Code Page Link Source
a12 87 Real Estate Broker Management  Department of Land Administration, Ministry of the Interior

 

Chapter: How to Finance Your Business 

Code Page Link

Source

a13 112   Elaboration on 'Funds act' (Chinese)   台灣法律網

 

Chapter: Money and Invoices 

Code Page Link

Source

a14 127  Value-added and Non-value-added Business Tax Act  Laws and Regulations Database of the R.O.C. 
a15 134  Types of Fapiao eTax Portal, Ministry of Finance 
a16 139 How to apply for a Payment Order (Chinese)  Taiwan New Taipei District Court 
a17 139

Taiwan Arbitration Law FAQs 

The Chinese Arbitration Association, Taipei 

HG.org

The Chinese Arbitration Association, Taipei

 

Chapter: Banking in Taiwan

Code Page Link

Source

a18 138 Applying for a Uniform ID Number  National Immigration Agency
a19 143 Check FAQs  Rian Cheng Internet Law Center法律資料庫

 

Chapter: Legal Issues in Taiwan

Code Page Link

Source

a20 146  The Legal System of Taiwan  Columbus School of Law, The Cathlic University of America 
a21 146 Link no longer available
 
a22 147 Taiwan Code of Civil Procedure  The Judicial Yuan of the R.O.C.
a23 148 Link no longer available
 
a24 149 Taiwan Litigation Guide  Asia Law Profiles

 

Chapter Visa, ARC & Work Permits: 

Code Page Link

Source

a25  161  Ministry of Labor  Ministry of Labor 

a26

a27

164

165

Foreign Professionals Work Permit FAQs (Chinese)  Department of Investment Services, Ministry of Economic Affairs

a28

a29

168

169

ARC Aplication Form 

ARC Application Process and Information 

National Immigration Agency

 

Chapter: Insurance and Pension 

Code Page Link

Source

a30 187 Labor Insurance Premium Rate (Chinese)  Bureau of Labor Insurance, Ministry of Labor

a31

a32

192 Link no longer available  

Chapter: Corporate Tax

Code Page Link

Source

a33

a34

197

198

Corporate Income Tax 

Tax Rate (Chinese) 

Invest in Taiwan
a35 200 Link no longer avaliable  

 

Chapter: Individual Income Tax 

Code Page Link

Source

a36 201 Foreigner Individual Income Tax FAQs  National Kaosiung Normal University

a37

a38

203

205

Individual Income Tax Rate 

Alternative Minimum Tax 

Invest in Taiwan

 

Chapter: Trademarks

Code Page Link

Source

a39 211 Link no longer available  

 

Chapter: Patents

Code Page Link

Source

a40 215 Patent FAQs  Taiwan Tech
a41 216 Patent Application Information and Forms (Chinese)  Intellectual Property Office, Ministry of Economic Affairs
a42 218 Patent Fees Table (Chinese)  Intellectual Property Office, Ministry of Economic Affairs

 

Chapter: Business Registration Process

Code Page Link

Source

a44 233 Table: Notarization Fees based on a mandatory sliding scale (Chinese)  Judicial Yuan
a45 234 Authentication of Documents  Bureau of Consular Affairs, Ministry of Foreign Affairs
a46 243  Company Act  Laws and Regulations Database of R.O.C., Ministry of Justice
a47  247  Representative Office Registration Flowchart and Documents needed  Invest in Taiwan 
a48  249  Branch Office Registration Flowchart and Documents needed  Invest in Taiwan 
a49 250 Regulations for hiring a foreign employee for a branch office  Winkler Partners博仲
a50 250 No longer available  

Last Updated: Wednesday, 10 June 2015 17:22

Hits: 17178

Endorsements

"How to Start a Business in Taiwan", is THE reference for foreigners!

"Author Elias Ek provides a great overview for doing business in Taiwan, and has enough real-life anecdotes and experiences to keep things interesting.

Last Updated: Wednesday, 08 May 2013 10:20

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Where to find the book?

Where to find "How to Start a Business in Taiwan?"

Several ways to find your book:

- This website

- Amazon.com

- France - Taiwan Chamber of Commerce and Industry

- Sanmin Bookstore

- Apex Bookstore

Last Updated: Monday, 06 May 2013 18:02

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Key Terms in English & Chinese

A list of useful business-related key terms that appear throughout the Book, How to Start a Business in Taiwan.

Last Updated: Thursday, 16 April 2015 22:36

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Table of Contents

Table of Contents from How to Start a Business in Taiwan

Last Updated: Saturday, 06 April 2013 15:33

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