New business setup in Taiwan
Taiwan, strategically positioned in Asia, is becoming a popular choice for entrepreneurs looking for reliability and expansion. Learn about the necessary steps, advantages, difficulties, and legal possibilities for establishing a business in Taiwan. Additionally, we offer efficient solutions for setting up a business online and remotely.
Formalities and procedures
We offer a range of services to assist you at every step and ensure that you meet all the necessary criteria.
Business planning
Before embarking on the process of starting a new business, it is essential to conduct comprehensive market research and corporate planning. We can assist you in developing an in-depth business plan, analyzing market trends, identifying your target market, and evaluating the competitive landscape.
Choose your legal structure
Taiwan provides several different types of legal entities that are suitable for new businesses, such as Company Limited by Shares, Limited Company, Branch Office, Holding Company, and more. The decision on which to choose will depend on factors such as the size of the business operations, ownership structure, and liability preferences.
Reserve a company name
Choose an original and easily recognizable name for your business and confirm its availability in the Commercial Register.
Set up legal address
It is essential to have a valid address in order to start a new business. This address is used for communicating with government agencies, legal authorities, and important business correspondence. It is crucial to choose an address that follows local laws and suits the requirements of your business.
Draft articles of association
Our skilled team helps you create precise and thorough articles of incorporation specifically for your selected legal entity. We guarantee compliance with all legal regulations and take care of the entire filing procedure for you, ultimately saving you time and energy.
Registration
We handle the registration process with the relevant authorities, such as the Taiwan Trade and Companies Register and tax authorities, in order to alleviate the administrative burden. This guarantees that your new business is legally recognized and compliant right from the beginning.
Open a bank account
Ease financial transactions by establishing a business account with a bank in Taiwan. Our expert team is ready to help with this process.
Setup accounting
It is essential to have accurate financial records when launching a new business. Our accounting professionals can help you establish robust accounting and bookkeeping practices that comply with Bosnia’s standards.
New business examples
Businesses come in all shapes and sizes, each with unique requirements and effects on the economy. Whether it is a local cafe or a global company, having a clear understanding of the market can assist aspiring business owners in recognizing potential opportunities. Let’s take a glimpse at potential new businesses across various scales:
Small businesses
Embarking on a small business venture can be a mix of excitement and difficulty, while also being significant for the local economy. Some examples of this include small coffee shops, handmade crafts stores operating online, pet grooming salons, and freelance web design services.
Medium businesses
Medium-sized businesses such as regional stores, software companies, event planners, and fitness studios have a larger number of customers and employees compared to small businesses, but they have not yet grown to the scale of large corporations.
Large businesses
Big businesses such as multinational corporations, airlines, car manufacturers, and retail giants are the main players in their respective fields. They possess significant resources, large workforces, and considerable market power. Frequently, these large companies have a global presence.
Common mistakes when setting up a new business
New startups frequently face typical challenges that can be minimized with anticipation and careful planning.
Inaccurate documentation
We make sure that all of your documentation is thorough, precise, and meets the necessary legal standards, minimizing the chances of any administrative complications.
Lack of understanding of local regulations
We offer thorough assistance with “local regulations, taxation, employment laws, and other legal obligations”, making sure that you are compliant with the law.
Inadequate financial planning
Our team helps you create practical financial forecasts, set budgets, and secure financial resources to achieve your business objectives.
Insufficient market research
Lack of knowledge about the local market can impede progress. Engage in extensive market research to pinpoint potential opportunities and obstacles.
Inadequate marketing
A lot of companies face difficulties because they don’t invest enough in their marketing. Enhance your online visibility and try out different digital marketing techniques.
Our solutions: Business formation made easy
The team offers practical and effective solutions tailored to your needs for this reason:
Business formation online
Using Taiwan’s online platform, you have the ability to initiate and complete the process of establishing a business from anywhere in the world. You can monitor the progress, upload necessary documents, and utilize our services through secure digital channels, ensuring a smooth and convenient experience.
Business formation remotely
In Taiwan, we can manage all the paperwork for you if you prefer to be less involved. Our team of experts will complete all necessary paperwork, interact with the relevant authorities, and ensure everything is taken care of to give you peace of mind.
Contact us
Don’t let the chance to start your business in Taiwan slip away. Get in touch with us for individualized support, whether you like the ease of online registration or the flexibility of remote business formation. Our experienced team will assist you at every stage, making sure your business launch is smooth and prosperous. Be sure to take advantage of the opportunities Taiwan offers for your entrepreneurial pursuits!