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Corporate Service - Taiwan

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Foreign Investment – Renunciation Certificate

Answer
Q: Under what circumstances is a renunciation certificate required?
A: If a shareholder or person with controlling interest was born in mainland China but holds a foreign passport, and intends to invest in Taiwan under foreign investor status, they must submit the original household renunciation certificate to the competent authority in Taiwan’s Ministry of Economic Affairs.

Q: Can a local household deregistration certificate issued by a domestic authority be used in place of the renunciation certificate?
A: No, it must be a household deregistration certificate issued by the Public Security Bureau in mainland China and authenticated by a notary office in mainland China.

Q: If a person has never established household registration in mainland China, how can they obtain a renunciation certificate?
A: They must provide a certificate of non-registration in mainland China, verified by the Straits Exchange Foundation (SEF).

Q: Will the original renunciation certificate be returned after the company establishment process is completed?
A: No, the original document will be retained by the competent authority of Taiwan’s Ministry of Economic Affairs.

Q: Under what circumstances is a renunciation certificate not required?
A: If the investment in Taiwan is made under the status of a mainland Chinese investor, a renunciation certificate is not required. However, investments by mainland Chinese investors are subject to restrictions on business activities.

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