No. You can just issue them invoices under your own name.
You might need to register a company though, if your clients request an official fapiao rather than a receipt. (At least according to another commenter above.)
No. You need the paid in capital of $500000 to get the work permit. The work permit gets you the ARC. You can do this on a visitor visa. (Not visa free status)
you have an open work permit. It is obviously much easier if you already have an open work permit.
To be honest, anyone can open a company here. It is fully legal to be headless and hire a Taiwanese head. For the company you opened to hire and sponsor you without a work permit, well. Capital requirements
I always issue invoices under my own name (to overseas companies), but the point I was getting at is that I thought (possibly incorrectly) that most Taiwanese companies would want/prefer fapiao with a business registration number etc. rather than an invoice from an individual, for VAT and so on.
But you canāt get the investor approval from the investment comission as a foreigner without an ARC unless you go through an agent. Thatās what the investment commission told me and if I remember correctly it also says that in the notes section of the application form.
Nope. No agent. But the CPA knows what to do.
Hi @VisitorTW. Here is the CPA I recommend and use. He speaks English. Rates are reasonable. He can help with opening and sales taxes/VAT.
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Most companies prefer fapiao because itās a hassle to claim money paid to individual freelancers against their taxes if they donāt have a fapiao.
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Yeah, thatās what I suspected. So itās a hassle, rather than impossible?
They can do it, itās just extra work for their accountant. I heard from one customer that some accountants charge extra for it.
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And itās not extra work for me to register a business? Maybe I should start charging extra to clients who request fapiao.
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but thats what businesses doā¦ include overhead costs into their pricing and roll it to their clients
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Thanks Marco!
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How much have you spend so far for the LLC registration and what would be the total cost for the first year? The 500,000 minimum capital that we have to transfer is not required to be spend right? Just to show fund??
You would have to ask the CPA. Mine was done years ago and it is likely that prices have changed.
Right, but has to go into your company as paid in capital.
500K capital has to go into the company account. Itās not just for show. It belongs to the company you cannot just take it out or use as personal funds. Company funds can be used for company expenses.
Iām currently talking with a company and they are giving me this prices, Iām not sure if that would be all or if I should spend more, im currently a student and wan to partner with a Taiwanese Friend to open a business together, I have no problem with transferring the required capital from my country to Taiwan, Iām planning to register a LLC so I can get a work permit thatās my idea but I have no clue on how to do it, if you could give me some advice that would be highly appreciate it. Thanks
Can it be used to pay myself a salary?
A salary is a company expense is it not?
Hahaha yes sorry for asking obvious questions
You donāt need to do anything. Just let the CPA do their job and let them tell you what to do.
This one is mine below. You can also ask to see what his rates are.
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You might want to ask around, especially if you have a Taiwanese friend to help you so can contact local companies more easily (rather than ones specifically targeting foreigners). I understand those prices are on the high end.
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