[Taiwan] Taiwan Business Entity Comparison

Taiwan Business Entity Comparison

	Taiwan Limited Company	Taiwan Branch (Non-Taiwan company)	TaiwanLimited Company by Shares	Taiwan Representative Office
Minimum Capital	Yes [NTD$1/per investor]	Yes [NTD$1]	Yes [NTD$1/per shareholder]	No
Business Scope	Listed in Article of Association Special license may required (e.g. travel, logistics)	Listed in Article of Association Special license may required (e.g. travel, logistics)	Listed in Article of Association Special license may required (e.g. travel, logistics)	Market research, negotiation and sign contract, etc.
Sales Activities	Allowed	Allowed	Allowed	Not allowed
Minimum Requirement	Investor : 1 individual or entity Director : 1 individual	Representative : 1 individual	Shareholder : 1 individual or entity Director : 1 individualSupervisor : 1 individual	Representative : 1 individual
Limited Liability	Yes [limited to capital amount]	No	Yes [limited to capital amount]	No
Audit Requirement	Depends on sales / capital / number of employees / industry	Depends on sales / capital / number of employees / industry	Depends on sales / capital / number of employees / industry	No
Corporate Income Tax	Yes [20%]	Yes [20%]	Yes [20%]	No
Business Tax	Yes [5%]	Yes [5%]	Yes [5%]	No
Dividend / Earning Distribution	21% withholding tax on dividend for non-resident investor	0%	21% withholding tax on dividend for non-resident investor	Not applicable