How do I set up a company bank account in Taiwan?
Foreign nationals that wish to open an NT dollar bank account in Taiwan must be at least 20 years old, and should have a fixed place of residence. With all these information in hand you can open an account at any bank in Taiwan. Most banks verify in the minimum...
Can a company with a foreign Fuzeren apply for the government’s grants and subsidies?
The Taiwanese government provides three types of business incentive programs: grants, subsidies, and loan guarantees. A foreign Fuzeren can apply for grants and subsidies, for example, tax reduction and hiring subsidies. However, the law states that a foreign Fuzeren...
Do I have to take my customers out drinking?
The answer to this question varies depending on which industry are you in. In some industries, going out to drink and party with your suppliers and customers has been a common part of the business relationship. In some cases your local partners might also decide to...
Do I have to give gifts to my customers?
It depends on what industry you are in. From my experience and the entrepreneurs we have interviewed, giving gifts to customers is usually not a necessity.
Is face important in doing business in Taiwan?
Yes. In Taiwan, you might notice that it is very common for both Taiwan and Foreign Entrepreneur to mention the terms "Saving Face," "Losing Face" and "Giving Face". It may be difficult for a foreigner to comprehend, but it is actually not very hard to be done. Fore...
How can I avoid my business partner or customer losing face?
Losing face usually comes directly or indirectly from embarrassing people, criticizing something that bring people shame or damage their professional reputation. Our main suggestion is to avoid giving harsh criticism. But other behaviors such as giving someone a gift...
What are the cultural dos and don’ts of doing business in Taiwan?
What are the cultural dos and don’ts of doing business in Taiwan?
Is it difficult as a foreigner to do business in Taiwan? What are the challenges?
Is it difficult as a foreigner to do business in Taiwan? What are the challenges?
Do foreigners have to make payments to the national pension scheme in Taiwan? If so, how can they get the money back?
Do foreigners have to make payments to the national pension scheme in Taiwan? Do their employers have to make payments to the national pension scheme on their behalf? If payments are made, how can the foreign employee get their money back (assuming they don't retire...
Are foreigners eligible to participate in the National Health Insurance scheme? Is it compulsory?
Yes foreigners eligible to participate in the National Health Insurance scheme. And yes it is compulsory
Everything you need to know to start a business in Taiwan
Banks services, visas, business registration