Taiwan Business Certificate is an IC card used by limited companies, branch offices, limited partnerships, and other businesses registered under Taiwan’s Company Law and Commercial Law for online identity verification. Recently, companies can directly use this certificate to apply for various electronic related businesses online, without being restricted by the time and location of case submissions, which can simplify the overall application process and improve application efficiency. After receiving the main card of the Business Certificate, companies can apply for additional cards based on internal management needs or business requirements, and these cards can be obtained within approximately 14 working days.
Applying for a Business Certificate offers many benefits, as it allows for the online application of many services to speed up the process, including:
Handling company tax filings and shareholder reports;
Electronification of company utility and electricity bill accounting;
Enrollment and changes in employee labor insurance and health insurance;
Changes in import and export data with the Bureau of Foreign Trade;
Issuance of electronic invoices by the company;
Application for foreign employee work visas.
The Business Certificate has a specific validity period and automatically expires after this period, requiring reapplication without the possibility of extension. To avoid the situation of having no valid card after the main card expires, it is recommended to re-apply 60 working days before the expiration of the current Business Certificate. The validity period of the new certificate starts from the date of the new application. Therefore, if a company applies for a new card before the current certificate expires, there may be a short period during which two main cards are held: one new and one old. During this period, although both cards can be used, the old main card will automatically expire after its expiry date, and only the new card should be used thereafter.
Kaizen CPA Firm also offers services for businesses to apply for the Business Certificate, and if necessary, you can contact our professional consultants for assistance!
Disclaimer
All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.
Transferring a house to children through a gift allows the use of the announced current value to calculate the gift amount, and there is a tax exemption available to save on taxes. However, if children sell the house later, they will face a huge unified real estate tax because the profit is calculated based on the announced current value at the time of the gift
Limited company by shares in Taiwan holds an annual regular meeting of shareholders every year. If there are significant matters to be discussed, an extraordinary general meeting of shareholders may also be convened. Generally, both regular meeting and special meeting are convened by the board of directors.
According to the regulations of Company Law in Taiwan, the term of office for director and supervisor of a Taiwanese corporation is maximum of three years, and elections must be held at the end of each term. However, if the directors and supervisors elected in each election are the same as the previous one, they may be re-elected consecutively.
Hong Kong, Macao and Taiwan residents who have lived in the inland (mainland) China for more than six months with a legitimate and stable job, a legitimate and stable residence or continuous school attendance are eligible to apply for a residence permit in accordance with the relevant regulations according to their wishes.