Job Discussion Forums

krustyloaf · Joined: 17 Oct 2005 Posts: 4

Thanks for looking. I really need help on this one.

In a nutshell, I've decided that when my contract expires next year I'm going to take the plunge and begin working for myself. The problem comes because I want to be completely above board and therefore want to begin a company of my own. The questions I have are as follows:

- Can a company here be registered in the name of a foreigner and entirely owned by him/her?

- Are there any requirements that the person starting the company have a certain amount of money in the bank. I was told this by a Taiwanese person. If so, how much (and is there any way around it)?

- I'm supposing that in the beginning I'll need to keep my ARC by working part-time for some other school. However, assuming the business proves to be successful, is it possible to give myself an ARC through my own company?

- If I were to simply begin doing business as a "Sole Trader", as it were, would I be able to somehow issue receipts to companies for their tax purposes (the real reason I think I need to create an official company).

- I'm also considering employing someone part-time at the beginning. Any advice on this would also be hugely appreciated.

Many, many thanks in advance. I'd especially like advice from those who've already been through the process of founding a company here, if possible.
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Dr_Zoidberg · Posted: Wed Aug 09, 2006 4:14 am Post subject:

Come to Carnegie's in Taipei this Sunday (Aug 13) for the entrepreneurship meeting.

http://www.forumosa.com/taiwan/viewtopic.php?t=52432

Pop Fly · Joined: 15 Feb 2003 Posts: 429

Welshguy · Joined: 06 Jan 2005 Posts: 143

You will probably need a local partner to get anything legal going.
Be SOOOOOOOOOOOOOOOOO careful who that person is.
The concept of business morality is practically alien in TW.

Good luck.

Dr_Zoidberg · Posted: Thu Aug 10, 2006 1:49 am Post subject:

Pop Fly · Joined: 15 Feb 2003 Posts: 429

Dr_Zoidberg · Posted: Thu Aug 10, 2006 12:46 pm Post subject:

Pop Fly · Joined: 15 Feb 2003 Posts: 429

krustyloaf · Joined: 17 Oct 2005 Posts: 4

I can't attend the meeting anyway because I have to work Sundays. Any other time possible?

And what about practical advice? Anyone out there with any experience in this field?

Thanks.

clark.w.griswald · Joined: 06 Dec 2004 Posts: 2056

I second Popfly on that one.

By all means go to the meeting and ask your questions, but don't assume for a minute that just because you are in a room filled with what you assume to be like minded foreigners that they will support you. In fact as Popfly is alluding to some of them are going to look for any possible way to take you down - for what reason I have no idea! Perhaps it makes them feel stronger in some pathetic way.

Be careful what ideas you bring to the table over there. It is not the foreign community that it portrays itself to be unfortunately, at least not a community that I want to be a part of.

dvasas · Joined: 31 Jan 2006 Posts: 138 Location: Taipei, Taiwan