I recently set up a representative office for a US-based corporation. I had no problem setting up the rep office with MOEA. However, the Workforce Development Agency now says I need to show that the US corp has paid-in capital equivalent to at least $500,000NT.
Everything I’ve read says that unlike branch offices and Taiwan companies, there are no capital requirements for representative offices as far as work permits go but that you need to show performance records after the first year.
Has anybody else run into this issue? Is it a new thing?
Also, if you have run into this issue, what documents did you use to prove your paid-in capital? WDA couldn’t tell me what specific documents are acceptable so even though my corp meets the requirement the process has become a lot more uncertain.