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flag Taiwan Taiwan: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

Limited Company is a Private Limited Company.
Number of partners: At least one partner.
Capital (max/min): No minimum capital
Shareholders and liability: Liability is limited to the amount contributed.
Company Limited by shares is a Public Limited Company.
Number of partners: At least 2 partners.
Capital (max/min): No minimum capital
Shareholders and liability: Liability is limited to the amount contributed.
Unlimited Company is a General partnership
Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability is unlimited.
Limited partnership (SCS)
Number of partners: Minimum 2 partners. 2 types of partners: active partners and sleeping partners.
Capital (max/min): No minimum capital
Shareholders and liability: Liability is unlimited for active partners and limited for sleeping partners.
The Competent Organization
MOEA.
 
Setting Up a Company Taiwan East Asia & Pacific
Procedures (number) 3.0 7.0
Time (days) 10.0 36.0

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Taiwan.
Commerce Industrial Services Portal

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The Active Population in Figures

201120122013
Labor force 11,200,00011,300,00011,550,000

Source: CIA - The world factbook

 
 
Employed Persons, by Occupation (% of Total Labor Force) 2008
Manufacturing 27.7%
Construction 8.1%
Hotels and Restaurants 6.6%
Real Estate, Renting and Business Activities 6.0%
Transport, Storage and Communications 5.9%
Education 5.8%
Other Community,Social and Personal Service Activities 5.1%
Financial Intermediation 4.0%
Health and Social Work 3.4%

Source: ILO, International Labor Organization

 

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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.
Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labor

Minimum Wage
TWD 17,880 per month (source: ILO, 2011).
Average Wage
Gross average monthly wage of men: TWD 50,296 (source: ILO, 2011);
Gross average monthly wage of women: TWD 40,187 (source: ILO, 2011).
Social contributions
Social Security Contributions Paid By Employers: 4.55%. More information on the website of the National Health Insurance Administration
Social Security Contributions Paid By Employees: 4.55%. More information on the website of the National Health Insurance Administration

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Social Partners

Social Dialogue and Involvement of Social Partners
Unions have little power and strikes are rare.
Unions
Taiwan Confederation of Union Trade
Labor Regulation Bodies

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Learn more about Operating a Business in Taiwan on Globaltrade.net, the Directory for International Trade Service Providers.

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Last Updates: December 2014