Investment & Company Setup

Key Points

• Entity options include subsidiary, branch, and representative office, with different implications for tax, liability, and operations.
• Typical setup includes around 10 steps over roughly 3 months: name reservation, POA notarization, investment review filing, banking, capital remittance, company registration, and tax registration.
• For a single shareholder work permit case, practical minimum capital is often TWD 500,000, and maintaining work authorization may require annual revenue over TWD 3M.
• Capital remittance usually requires in-person processing by the investor at the Korean bank branch, together with outbound investment reporting.
• Business address compliance should be checked in advance through local zoning and use regulations.
• For cosmetics sales, PIF registration is mandatory, and advertising violations can trigger fines up to TWD 5M.
• Logistics licensing may require TWD 25M capital and vehicle requirements; acquisition or outsourcing can be alternatives.
• When closing operations, dissolution and liquidation are mandatory. Illegal capital withdrawal can lead to serious criminal penalties.