Taiwan
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service providers for:
Operating a Business in Taiwan
Setting up a company | Working conditions | Cost of labor | Social partners
Setting up a company
Legal business entities
| Types of companies and capital (max/min) | Number of partners/shareholders and liability | Registration fees |
|
Limited Company is a Private Limited Company.
totally subscribed at the constitution. |
Minimum 5 partners. Maximum 21.
|
Company name registration: NTD 300; Stamp / Seal of the company: NTD 450-1,000 ; Verification of the capital paid by a public accountant: NTD 4,500-25,000 ; Application for incorporation to the Ministry of Economic Affairs for large firms with capital exceeding NTD 500 million : 0.025% of the capital; Obtain a business license and a taxpayer identification number: NTD 1,000 . |
|
Company Limited by shares is a Public Limited Company.
25% must be released at the constitution. |
At least 7 partners.
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Company name registration: NTD 300; Stamp / Seal of the company: NTD 450-1,000 ; Verification of the capital paid by a public accountant: NTD 4,500-25,000 ; Application for incorporation to the Ministry of Economic Affairs for large firms with capital exceeding NTD 500 million : 0.025% of the capital; Obtain a business license and a taxpayer identification number: NTD 1,000 . |
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Unlimited Company is a General partnership
|
Minimum 2.
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Company name registration: NTD 300; Stamp / Seal of the company: NTD 450-1,000 ; Verification of the capital paid by a public accountant: NTD 4,500-25,000 ; Application for incorporation to the Ministry of Economic Affairs for large firms with capital exceeding NTD 500 million : 0.025% of the capital; Obtain a business license and a taxpayer identification number: NTD 1,000 . |
|
Limited partnership (SCS)
|
2 types of partners: active partners and sleeping partners.
|
Company name registration: NTD 300; Stamp / Seal of the company: NTD 450-1,000 ; Verification of the capital paid by a public accountant: NTD 4,500-25,000 ; Application for incorporation to the Ministry of Economic Affairs for large firms with capital exceeding NTD 500 million : 0.025% of the capital; Obtain a business license and a taxpayer identification number: NTD 1,000 . |
- Business setup procedures
- It is easy to constitute a company through a lawyers' office.
- The competent organization
- MOEA.
Working conditions
- Legal weekly duration
- 48 hours per week or 8 hours per day.
- Retirement age
- 65 years or work for 30 years.
- Working contracts
- It depends on the company. In general contracts offer little protection. The open ended contract does not exist.
Cost of labor
- Minimum wage
- 17280 NTD
- Average wage
- Average monthly gross earnings in Taïwan is NTD 39,522 (USD 1,200) for women and NTD 49,705 (USD 1,500) for men.
- Social contributions
-
Social security contributions paid by employers: 4.55%. More information on the website of the Bureau of national health insurance.
Social security contributions paid by employees: 4.55%. More information on the website of the Bureau of national health insurance.
Social partners
- Social dialogue and involvement of social partners
- Unions have little power and strikes are rare.
- Unions
-
Taïwan Confederation of Union Trade
- Labor regulation bodies
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Last updates: November 2009