
Best New Business Formation Lawyers in Taiwan
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List of the best lawyers in Taiwan


Lee And Li

FDLAW

Justitia Law Firm

Xiri Attorneys

Winkler Partners

Kingdoms Law Firm

Apollo Attorneys at Law

Pamir Law Group

Meridian Attorneys-at-Law
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About New Business Formation Law in Taiwan
New business formation in Taiwan is governed by a series of comprehensive laws and regulations aimed at fostering a dynamic and robust economic environment. This includes registering a business entity, adhering to tax regulations, and complying with local labor laws. The primary law governing company formation is the Company Act, which outlines the procedures for registering different types of business entities, such as limited liability companies, partnerships, and joint-stock companies. Taiwan has made significant strides in simplifying the process, offering a largely digital platform for registration, thereby reducing bureaucratic hurdles and encouraging entrepreneurship.
Why You May Need a Lawyer
Engaging a lawyer for new business formation in Taiwan may become necessary in several situations. One common scenario is navigating the complexities of local and international tax obligations, which can be challenging without expert knowledge. Additionally, drafting and reviewing legal documents, such as partnership agreements, contracts, and incorporation documents, often require legal expertise to ensure compliance and protect your interests. Lawyers can also provide strategic advice in structuring the business to optimize benefits, liaise with government officials, and offer guidance on securing permits, licenses, and intellectual property protections.
Local Laws Overview
Key aspects of local laws relevant to new business formation in Taiwan include:
- Company Act: Governs the formation, organization, and dissolution of companies in Taiwan.
- Business Registration Act: Requires the registration of business entities with the Ministry of Economic Affairs (MOEA).
- Labor Standards Act: Sets out the responsibilities of employers towards employees, including working conditions and benefits.
- Intellectual Property Office Regulations: Protects innovations and creations through patents, trademarks, and copyrights.
- Taxation Laws: Includes the Value-Added Tax Act and Income Tax Act, outlining taxation obligations for businesses.
Frequently Asked Questions
What are the types of business entities I can establish in Taiwan?
You can establish several types of business entities, including a sole proprietorship, partnership, limited liability company, or a joint-stock company, depending on your needs and capital requirements.
Do I need a local partner to start a business in Taiwan?
While certain sectors have restrictions that require local partnerships, many industries allow foreign investors to wholly own a business entity in Taiwan.
How long does it take to register a business in Taiwan?
Business registration can be completed in as little as a few days to a couple of weeks, depending on the completeness of your documentation and the nature of your business.
What is the minimum capital requirement for setting up a business?
The minimum capital requirement varies by the type of business entity and industry. A consultation with the MOEA or a legal expert can provide guidance specific to your business.
Are there incentives for foreign investors?
Yes, Taiwan offers various incentives for foreign investors, including tax breaks, subsidies, and access to incubation centers for high-tech and innovative startups.
What is the procedure for registering a trademark?
To register a trademark, you need to file an application with the Taiwan Intellectual Property Office. The process includes a formal examination and public notification period.
Can I open a bank account for my business in Taiwan?
Yes, once your business is registered, you can open a corporate bank account. Requirements may vary by bank, so check with the bank for specific documentation needed.
Do I have to hire a local employee?
While it's not mandatory to hire local employees, doing so can facilitate business operations due to local knowledge, language, and compliance with labor regulations.
What are the annual compliance requirements for businesses?
Businesses must adhere to annual compliance requirements, including filing taxes, submitting financial statements, and conducting annual general meetings, if applicable.
What is the role of the Board of Directors in a company?
The Board of Directors oversees company operations, makes strategic decisions, and ensures compliance with legal and financial obligations.
Additional Resources
Several resources can assist in the new business formation process:
- Ministry of Economic Affairs (MOEA): Provides detailed procedures and guidelines for business registration.
- Taiwan External Trade Development Council (TAITRA): Offers support and advice for foreign businesses entering Taiwan.
- Taiwan Intellectual Property Office: Manages applications and registrations for patents, trademarks, and copyrights.
- Local Chambers of Commerce: Can provide networking opportunities and business insights.
Next Steps
If you need legal assistance in new business formation, consider consulting with a licensed legal expert experienced in Taiwanese business law. They can provide tailored advice based on your specific business needs and ensure compliance with local laws and regulations. Start by gathering your business plan, intended business structure, and a list of questions to discuss with your lawyer. Additionally, consider reaching out to local business consultants or expat networks in Taiwan for recommendations and referrals to reputable lawyers.
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.