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Tax Efficient Business Setup in Taiwan

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2014-04-22 10:58:50 - Business setup in Taiwan, offers entrepreneurs excellent location, favorable tax regime and simple incorporation requirements. International business, with the expert help of Singapore-based Healy Consultants, can take full advantage of these benefits, now without the burden of personal travel.

Taipei, Taiwan – Limited liability companies are the preferred and most common business entities in Taiwan ( ..). Setup obligations are very low, with no requirement for minimum issued share capital. Furthermore this type of business can be 100% foreign owned, with a minimum of one director and one shareholder of ay nationality. Consequently, with the expert guidance of Healy Consultants, the Client doesn’t have to travel during the six weeks it takes to setup a new business.

-- About Taiwan’s low tax burden --

Resident companies enjoy liberal tax regime, which is a great way to legally gain profits without paying high local taxes. Corporate income tax is levied at a flat rate of 17%, one of the lowest in

the region. In comparison, Chinese corporate tax rate is levied at 25% and 30% for Japanese companies. Undistributed profits suffer a surtax of 10%, which can be used to offset dividend withholding taxes. Dividends and royalties paid to nonresident suffer withholding tax of 20%. However, Taiwan has signed 24 double taxation treaties (DTA’s) and 14 international shipping and air transport DTA’s, lowering company’s withholding tax burden. Standard VAT rate is only 5%, again one of the lowest in region. Companies incorporated in one of the 4 Industrial free zones are exempt from taxes, including i) Corporate tax; ii) Custom duties; iii) Commodity tax and iv) Harbor duties. Personal taxation is progressive in nature, with rates reaching up to 40%. Non-residents are subject only to withholding wage tax of 18%.

-- About Taiwan’s regional strengths --

Taiwan represents an easy gateway to major Asian markets, namely China, Japan and the ASEAN countries. Furthermore, in relatively close proximities are large finance and trade centers, such as Shanghai, Hong Kong and Singapore.

The country offers superb infrastructure, port facilities and strong presence of international banks, firmly supporting international trade. The electronics sector is booming, with average growth of 4%. Consequently, there is a growing need for international experts of various sectors and knowledge. The government welcomes foreign investment and does not impose any restrictions, thus every sector in the economy is open for international business. Additionally, low labor costs continue to attract foreign companies, with average monthly wages of US$550.

Healy Consultants believe Taiwan will continue to grow and attract business from all around the world, further elevating its status as an entrepreneurial hub.

-- About Healy Consultants --

Healy Consultants provide a full range of professional services, which include the following:

• Offshore financial services
• Accounting and taxation
• Corporate finance
• Business start up services
• Corporate banking
• Global marketing services
• Company formation
• International trading strategies

Healy Consultants are professionals who offer quality services, which perfectly match the needs of our highly sophisticated clients. We are also proud of the fact that our services are affordable and accessible by our most modest customers.

Our clients have access to an excellent range of quality products and services. We come with rich experience and a global presence, resulting in unique market awareness beneficial to your firm in more ways than one.

Press Information:
Healy Consultants

6F., No378, ChangChun Rd.
Taipei 104,
Taiwan R.O.C

Contact Person:
Mr. Aidan Healy
Business Owner
Phone: (+65) 6735 0120
email: email


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