What are the disadvantages of not knowing Chinese when starting a business in Taiwan?
Many successful foreign entrepreneurs in Taiwan are unable to speak Mandarin. If you purchase the Book, you will come into contact with the success stories of several non-Chinese speaking foreign entrepreneurs in Taiwan. Having said that, many Taiwanese struggle to...
What are the advantages of knowing Chinese when starting a business in Taiwan?
Well, for starters, knowing and being able to speak Mandarin immediately shortens the distance between you and local people, possibly your business partners. Many tasks are a lot easier and much safer to be carried out by you other than your partner or staff, such as...
Do I need to learn Mandarin in order to start a business in Taiwan?
This is a subjective question, and will depend upon who you talk to and the type of business you intend to involve yourself in. Simply living in Taiwan. Of course, it cannot hurt to learn the local language; and, it could in fact open doors that you could not have...
Does the Taiwanese Government encourage (foreign) entrepreneurship?
The answer is yes and no. The reason why the answer is rather ambivalent is that on one hand, Taiwanese government very much encourages people to start their own businesses, and its attitude toward SMEs is supportive. However, you might sometimes find that regulations...
Is it safe to start a business in Taiwan?
I would say yes, it is relatively safe to start your own business in Taiwan. You can own 100% of your business/company, and Taiwan's business environment is rather stable and safe. However, the banking system in Taiwan often asks for gaurantors when doing transactions...
Is Taiwan a good place to set up a business before going into (Mainland) China?
The answer is a definite yes. We did an interview with Revital Golan, a successful businesswoman whose consulting firm helps Israeli companies to find opportunities in Taiwan, and she could not stress more of Taiwan's geographical and strategic position in terms of...
What are the disadvantages and challenges of starting a business in Taiwan?
I would say regulations, grey areas, and language are the three main challenges. First, being unfamiliar with regulations might get you into trouble, such as fines. In addition, some regulations still limit certain rights that a foreigner can have. Yet, this situation...
What are the advantages of starting a business in Taiwan?
More importantly and perhaps most appealingly, Taiwan can be a diving board to China's 1.3 billion people. To look into more detailed and comprehensive information, please visit An Overview of Taiwan: Business Advantages.
Why should I start a business in Taiwan?
Put simply, Taiwan is an attractive place to live, it possesses an open business environment and entrepreneurial spirit, it is conveniently located, and there are various incentives to foreigners intending to start a business on the Island (for instance, foreigners...
Can a foreigner own 100% of his Taiwanese company?
Can a foreigner own 100% of a Taiwanese company? Yes. Unlike in Thailand, for instance, where a foreigner cannot own 100% of a company, the Taiwanese government allows a foreigner to own 100% of a Taiwanese company.
Everything you need to know to start a business in Taiwan
Banks services, visas, business registration