My market research indicates success is guaranteed so no worries there.
And although I know you have to be Taiwanese to open a buxiban, I figure I got that covered too. Now that the main hurdles have been cleared, it’s time to get to the nitty gritty.
I called the MOE and asked them for their checklist on opening a buxiban and they sent it along. Problem is that it is all in Chinese. I sent the document to a translator but since it is 30 pages long, the fee was quite high.
Does anyone know if this document is publicly available in English?
If you plan on running a business in Taiwan I would suggest you learn the native language. I used to run a very small business and can more or less speak/read chinese and it was still a bureaucratic shit show.
If you want to hire some dudes and be a hands off owner then I don’t see a problem, but if you really wanna know what’s going on and truly run your business, I’d learn chinese.
Send the documents to a certified translator for further details. If you really want to open a business, be prepared to pay for the expenses. It is better you have a certified document explaining all the requirements in details than only having basic knowledge about the policies.
They are buxiban. It’s a cultural concept that can’t be properly translated, like guanxi, yinyang, or meiyou.
In all seriousness, they are neither juridical persons nor entities with no capacity. They are business entities, but they are (according to the BLI) not “businesses” or “firms”. So you can see, it’s not completely straightforward.
Don’t hire a translator to do a whole 30 page document until you know what the document is. If it’s the Supplementary Education Act, it’s already available online in English. (Unless you’re hiring me! )
Buxiban building codes can be very strict. Just to have an architect approve your space can cost 100,000 to 200,000 depending on the size. If you can find a buxiban that recently closed you might avoid that cost but you can be sure renovations will be required.