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Q：
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Is there a requirement for a Taiwan company to have a local resident as a director?
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A：
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No, there is no requirement for at least one local resident to serve as a director.
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Q：
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Can a Taiwan company save incorporation time by first being established by local residents and later transferred to foreign or China investors?
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A：
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No. The transfer from local to foreign ownership is still subject to approval by the competent authority (Ministry of Economic Affairs). The company must suspend operations until such approval is granted. If the business scope or shareholding structure is restricted by relevant laws, the company may face the risk of suspension.
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Q：
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Can I operate a company in Taiwan by using a Taiwanese nominee shareholder?
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A：
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No. If nominee shareholding is discovered, both the company and the responsible person will face relevant penalties until the company rectifies the violation.
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Q：
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What is the difference between an investment agent and a responsible person in a Taiwan company?
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A：
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An investment agent must be a Taiwan resident appointed by foreign or PRC investors to handle investment-related matters on their behalf. A responsible person, on the other hand, is appointed by the foreign-invested enterprise itself to represent the company in handling all external affairs, including litigation and non-litigation matters.
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Q：
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Can a company be 100% owned by a Taiwanese shareholder but appoint a foreign national as the responsible person?
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A：
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No. If the company is wholly owned by a Taiwanese individual, that person must serve as the responsible person and may not appoint a third party to assume the role.
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FAQ
