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Ease of Doing Business in

Taiwan, China

Taiwan, China Download Profile (1729.4KB, pdf)
Region East Asia & Pacific
Income Category High income
Population 23,492,074
GNI Per Capita (US$) 22,267
City covered Taipei

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 11 10 down
1
81.09 81.08 down
0.01
Starting a Business 19 16 down
3
94.42 94.41 up
0.01
Dealing with Construction Permits 3 3
-
86.30 86.29 up
0.01
Getting Electricity 2 2
-
99.44 99.43 up
0.01
Registering Property 17 17
-
83.89 83.89
-
Getting Credit 62 60 down
2
60.00 60.00
-
Protecting Minority Investors 22 18 down
4
70.00 70.00
-
Paying Taxes 30 32 up
2
84.78 84.79 down
0.01
Trading across Borders 68 67 down
1
80.11 80.11
-
Enforcing Contracts 14 15 up
1
73.49 73.49
-
Resolving Insolvency 22 21 down
1
78.46 78.41 up
0.05

DB 2017 Rank: 19

DB 2016 Rank: 16

Change in Rank: down3

DB 2017 DTF (% points): 94.42

DB 2016 DTF (% points): 94.41

Change in DTF (% points): up0.01

Standardized Company
Legal form: Private Company Limited By Shares
Paid-in minimum capital requirement: TWD 0
City: Taipei
Indicator Taiwan, China East Asia & Pacific OECD high income
Procedure – Men (number) info_outline 3.0 7.0 4.8
Time – Men (days) info_outline 10.0 23.9 8.3
Cost – Men (% of income per capita) info_outline 2.1 19.0 3.1
Procedure – Women (number) info_outline 3.0 7.1 4.8
Time – Women (days) info_outline 10.0 23.9 8.3
Cost – Women (% of income per capita) info_outline 2.1 19.0 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 12.3 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Use the online application to search the name, apply for incorporation and tax registration, apply for Labor Insurance, National Health Insurance and Pension Plan Report with the Bureau of Labor Insurance and register for work rules with the Council of Labor Affairs

    Agency: Ministry of Economic Affairs (MOEA)

    The company can search the availability of the company name and check the legality of planned business online. Applications for company registration can be done via the Company and Business One-stop Service Request website (http://onestop.nat.gov.tw/oss/identity/Identity/init.do). The original company registration form which stamped with the seals of the company and its responsible officer is required to delivery to the registration authority. With effective from April 14, 2014, entrepreneurs can apply for company registration as well as upload the scanned and stamped company registration form using the Company and Business One-stop Service Request website using an electronic signature.

    The review period has been shortened to 2 days. Therefore the procedure now takes one day for search, reservation and application. Then the government officials are required to review the application on the second day. At the end of the second day, (if approved) the approval is ready, and the applicant can pick it up from the Ministry of Economic Affairs (MOEA). Otherwise, it is mailed to the applicant, in which case it takes up to four days to receive the confirmation.

    The articles of incorporation for a private limited company must include the company name, business purpose, shareholders’ contributions, profit-allocation ratio, location of offices, number and names of directors, manner of issuing public announcements, and the date the articles of incorporation were adopted.

    The application for a taxpayer’s identification number is done at the same time. The Labor Insurance Bureau now adopts a three-in-one consolidation application (i.e., the labor insurance application, national health insurance application and the pension plan appropriation application), so the Labor Insurance Bureau and National Health Insurance Bureau can now review and process the application at the same time, if all in order, the Bureau can grant the application in 5 - 7 business days. All firms may apply for national health insurance (NHI) regardless of the number of employees, but only companies with five or more employees may apply for labor insurance (LI) (Article 6 of Labor Insurance Act). National health insurance, labor insurance, and the pension plan report can be filed with one consolidated form.

    Forms can be downloaded from the Bureau of Labor Insurance Web site.
    In order to promote the public to use the online website to start a company, on January 16 2013, MOEA announced that company which files its application and submits required documents via on-line registration shall have a reduction of NTD 300 of its registration fee.
    7 days TWD 150 (online search) or TWD 300 (government fee) + 0.025% of capital (in case the registration fee payable is less than TWD 1,000, the registration fee shall be TWD 1,000)
    2

    Make a company seal

    Agency: Seal maker

    Company registration documents and deeds are sealed (chopped). A set of company seals are commonly prepared for registration, including the name of the company, and name of the chairperson of the board of directors. These seals are required to be used for future company updates. Since May 2012, the applicant may prepare such document in the form of electronic documents prefixed electronic signature to transmit the application package via One-Stop-Shop Online Application Website electronic mail. Therefore the applicants still need making seals for registration documents, but they can use electronic signature to transmit these documents via online website.
    1 day TWD 450 (depending on the number/ material used, each range from TWD 450 to TWD 1000)
    3

    Submit a CPA audit report showing that the amount of capital invested is sufficient to cover company establishment cost

    Agency: Ministry of Economic Affairs (MOEA)

    In place of showing the invested capital will cover the costs of establishing a company to the Ministry of Economic Affairs; entrepreneurs submit a CPA audit report showing 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 June 25, 2013). In addition, 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 submit the audit report via the One-Stop-Shop online system using an electronic signature.
    2 days TWD 5,000 - 20,000 fee varies across firms