What are the advantages/disadvantages of setting up a Representative Office?
What are the advantages/disadvantages of setting up a Representative Office? Advantages - There aren't any start-up capital requirements / profit turnover requirements to hire yourself as the representative of the representative office. You only have to show "actual...
What are the advantages/disadvantages of setting up a Taiwanese company (eg. A Limited Liability Company)?
What are the advantages/disadvantages of setting up a Taiwanese company (eg. A Limited Liability Company)? Advantages - You don't need a company set up in an overseas jurisdiction (unlike the branch office and representative office). Disadvantages - It's expensive to...
What are the rights and responsibilities of the company supervisor(s) in Taiwan?
The supervisor is a person supervising the execution of business operations of the company, investigating the business and financial conditions of the company at any time, examining the accounting books and documents, and requesting the board of directors or...
If I set up a Branch Office or Representative Office in Taiwan, where should I register my company? Is Hong Kong a good option?
Hong Kong is a good option. Because of its sound legal system and it’s actualizes a simplified tax system which generally just levies a profits tax at the tax rate of 16.5%, without business tax and value-added tax.
What are the responsibilities of the company Fuzeren (ie. The Responsible Person) in Taiwan?
To ensure the success of the company, in areas such as health and safety, employment laws, tax and profit. Read the book for more information on the many rules and responsible for being a Fuzeren for a Taiwanese company which includes recent laws and company acts.
What are the responsibilities of company directors in Taiwan?
Company directors should ensure the adequacy of company’s accounting system and the accuracy of financial statements and prevent board members (directors) from harming the company or having conflict of interest with shareholders (moral hazard problem).
I am a minority shareholder of a Taiwanese company. What rights and responsibilities do I have?
Most business in Taiwan uses a limited liabilities style of operation. This this situation minority shareholder holds the same rights and responsibilities as major shareholders in the company.
What are the rights and responsibilities of shareholders in Taiwan?
Shareholders are entitled to access corporate information on a timely and regular basis . A share holder who is not a Fuzeren or director of a limited liabities company is only liable to loose the amount of money they have invested into the company.
Can the shareholders of a Taiwanese company also serve as directors?
Yes, shareholders can serve as directors.
How do I set up a Representative Office in Taiwan? What are the procedures?
Applications to establish a representative office of a foreign company in Taiwan must be filed out with the Department of Commerce, MOEA
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