Doing business in: Taiwan
Produced in partnership with Patrick Marros Chu, David Tien of Lee and Li Attorneys-at-Law
Doing business in: Taiwan

The following Commercial guidance note Produced in partnership with Patrick Marros Chu, David Tien of Lee and Li Attorneys-at-Law provides comprehensive and up to date legal information covering:

  • Doing business in: Taiwan
  • Introduction
  • The business environment
  • Forming a company
  • Financing a company
  • Opening a branch office
  • Opening a bank account
  • Utilising office space
  • Immigration controls
  • Key employment laws
  • more

Updated in March 2019

Introduction

The business environment

Forming a company

Financing a company

Opening a branch office

Opening a bank account

Utilising office space

Immigration controls

Key employment laws

Contracting with third parties

Taxation overview

Regulatory compliance

Protecting key assets and employees

Useful links

Introduction

Since the mid-twentieth century, Taiwan has been one of the 'Asian Tigers' maintaining a dynamic capitalist economy with a strong presence in international markets. According to the World Trade Statistical Review 2017, Taiwan is the 18th largest exporter and 18th largest importer in the world merchandise trade in 2016, and IMD World Competitiveness Yearbook 2016 ranked Taiwan as the 14th most competitive economy in the world. In addition, the government offers various attractive incentives to make Taiwan more business-friendly. With a stable political environment and domestic market, significant technical expertise in both hardware and software engineering, abundant high-quality human resources, well-established infrastructure, and favourable investment acts, Taiwan provides an attractive business climate.

Further, since it is located in the heart of the Asia Pacific region, Taiwan is a strategic platform connecting some of the major economies including the US, China, Japan, Korea and emerging markets such as the ASEAN Economic Community (AEC). In June 2010, the People’s Republic of China (PRC) and Taiwan signed Economic Cooperation Framework Agreement (ECFA), which strengthens Taiwan's position as an attractive economic hub for international companies. Thus, Taiwan is ideal for manufacturing goods