Use the online platform to complete pre-registration inquiry and reservation of company name, file applications for incorporation, taxation registration, labor insurance, national health insurance, labor pension contributions and submission of corporate work rules
Agency: Ministry of Economic Affairs (MOEA)
Entrepreneurs can search the availability of the company name online at the Company, Business and Limited Partnership One-Stop Service Request Website (http://onestop.nat.gov.tw). Applications for company registration can be done online or in person at the relevant agency. For companies with a start-up capital of NT$500 million or more, the application should be submitted to the Department of Commerce of the Ministry of Economic Affairs (MOEA). For companies with a start-up capital of less than NT$500 million, it should be submitted to either the Central Region Office of MOEA or the Taipei City Government.
The review of pre-registration enquiry and reservation of company name takes 1 day, and review of application for incorporation that follows will take another 1 day. Government officials are required to review the application on the second day. At the end of the second day, (if approved) the approval shall be ready and the applicant can pick it up from MOEA. Otherwise, it is mailed to the applicant, in which case it takes up to four days to receive the confirmation. Starting December 2018, results of application can be delivered to the applicant by way of electronic transmission.
Entrepreneurs may also carry out the tax registration simultaneously, as well as labor insurance application, national health insurance application and pension fund plan appropriation application in the three-in-one comprehensive application procedure. National health insurance, labor insurance, and the pension plan report can be filed with one consolidated form. All firms may apply for national health insurance regardless of the number of employees, but only companies with five or more employees may apply for labor insurance (per Article 6 of the Labor Insurance Act). Also, when the number of employees is more than 30, the company shall simultaneously declare the work rules with the Council of Labor Affairs. If everything is in order, these applications can be approved within 5 – 7 working days. The aforementioned applications can be completed on the Company, Business and Limited Partnership One-Stop Service Request Website.
Applicants may elect to make the above applications by means of “non-online application,” including by mail or over the counter, and the review and approval time of which shall be the same as “online applications”.
Time and cost: 7 days, TWD 150 (online pre-registration enquiry and reservation of company name) or TWD 300 (non-online pre-registration enquiry and reservation of company name) + 0.025% of capital (in case the registration fee payable is less than TWD 1,000, the registration fee shall be TWD 1,000)
Make a company seal
Agency: Seal maker
A set of company seals is commonly prepared for registration (unless done online), and include the name of the company and name of the chairperson of the board of directors. Such seals are also commonly used in executing contracts, bank transactions, business transactions, applications and official documents. Starting October 2018, affixing seals of the company and the responsible person on incorporation documents in hard-copy applications is no longer required by the competent authority and such seal-affixing can be replaced by signatures.
Time and cost: 1 day, TWD 450 (depending on the number/ material used, each range from TWD 450 to TWD 1000)
Submit a CPA audit report showing that the amount of capital invested can cover company establishment cost
Agency: Ministry of Economic Affairs (MOEA)
In place of showing that the invested capital will cover the costs of establishing a company to the Ministry of Economic Affairs, entrepreneurs can submit a CPA audit report showing that the invested capital has been fully paid pursuant to Article 7 of Regulations Governing Certification of Capital upon Registration Applications of Companies (last amended on Nov. 11, 2018). Section 1 of Article 7 of Company Act (last amended on January 4, 2012) allows a company to attach an auditing certificate from an independent certified public accountant within 30 days after the registration of incorporation. Entrepreneurs can also submit the audit report via the One-Stop-Shop online system (http://onestop.nat.gov.tw) using electronic signature.
Time and cost: 2 days, TWD 5,000 – 20,000 fee varies across firms
