New to Forumosa but not new to Taiwan (left for many years but back now). I’m interested in opening a business here but as I’m sure most of you know, searching for information from the Taiwan government is often…well vague and frustrating.
I have a couple ‘hobbies’ that I’m working on and know that I’ll need to formalize a company to host them soon, and as I’ve always loved living in Taiwan, I wanted to do that here.
I’ve been researching slowly for the past couple of months on how to open a business and get a proper ARC here (I’m not teaching English–even though I did many years ago). I’ve asked around to friends and former colleagues that have set up their businesses but my situation is a bit unique from theirs.
They’re often married, had an APRC, and/or set up the main company here. I haven’t run into anyone in person that has opened up a rep office or a branch office.
The commonality they do all say though is that at some point I’ll need to go to a local CPA or similar expert to help set up the business here–whatever form it takes.
Seeing as how my income is very small right now (but I have decent savings), I’m trying to delay any big expenditure as long as possible, and paying a CPA to set everything up is something I’d rather do after gaining more knowledge of the trajectory I need to take.
So, I would love any advice from all you wonderful Formosans here that have experience in this area! Here are my current questions/directions, please, please, please send some feedback for me to go research some more!
I’m thinking of opening the headquarter branch in Singapore (was considering HongKong but, you know), I’m still open to other countries as well if anyone has a suggestion (I’d like to avoid my home country due to the high tax it charges and to maintain my non-residency, not USA FYI)
I’m hoping I can use 1 business entity to pursue 2 to 3 different activities, all of which are online eCommerce-type work, except 1 might be acting as an agent to help certain foreign countries gain some business leads here
I’d love to have an ARC again to gain all the benefits from that (and pay taxes here to support the economy etc). Right now I’m just hopping in and out without an official address, it’s getting tiring after all these months.
From what I’ve read, I should be looking at either a Brand Office or a Representative Office (feel free to propose otherwise). My main goal for having a subsidiary here is to: 1) ARC 2) bank account 3) proper address 4) residency
I’m trying to minimize costs to set up administratively, most of my work will be with very minimal expenses (I can work on my laptop anywhere) and I don’t require a physical office nor want one.
I’ll be grateful if anyone can give me their 2 cents for this post! Thanks so much, cheers!