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Q：
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What does capital verification mean?
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A：
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Capital verification refers to the regulatory procedure under which a foreign-invested company, after obtaining the foreign investment approval letter issued by the Investment Commission of the Ministry of Economic Affairs, is required to remit the approved capital amount into its preparatory account within the prescribed timeframe and submit relevant supporting documents, including the remittance slip, to the competent authority for review and confirmation.
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Q：
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Within what timeframe must the capital verification be completed?
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A：
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Capital verification must be completed within one year from the issuance date of the foreign investment approval letter.
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Q：
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What documents are required for capital verification?
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A：
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The following documents must be submitted for capital verification: the inward remittance advice, the remittance slip, and a copy of the preparatory account passbook, including the cover page and the inner pages showing the date on which the funds were credited.
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Q：
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Can a CPA audit report serve as a substitute for capital verification?
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A：
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No. Capital verification is a procedure in which the Investment Commission of the Ministry of Economic Affairs issues a capital verification approval letter after being notified that the approved capital has been remitted. A company must obtain this approval letter, together with a CPA audit report, before it can be formally established.
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Q：
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Is it permissible to remit capital in installments for capital verification?
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A：
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Yes. The capital may be remitted in installments; however, capital verification must be conducted in batches no later than two months after each remittance, or the full amount can be remitted at once for a single capital verification.
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FAQ
