Published: 04 Nov 2008 10:55:35 PST
Taiwan
Operating a business
Setting up a company
Legal business entities
| Different types of companies | Number of partners/shareholders | Maximum and/or minimum capital | Liabilities | Registration fees |
| Limited Company is a Private Limited Company. | Minimum 5 partners. Maximum 21. | NT$ 500,000, totally subscribed at the constitution. |
Liability is limited to the amount contributed. | |
| Company Limited by shares is a Public Limited Company. | At least 7 partners. | NT$ 1,000,000. 25% must be released at the constitution. |
Liability is limited to the amount contributed. | |
| Unlimited Company is a General partnership | Minimum 2. | No minimum capital | Liability is unlimited | |
| Limited partnership (SCS) | 2 types of partners: active partners and sleeping partners. | No minimum capital | Liability is unlimited for active partners and limited for sleeping partners. |
- Business setup procedures
- It is easy to constitute a company through a lawyers' office.
- The competent organization
- MOEA.
Working conditions
- Legal weekly duration
- 48 hours per week or 8 hours per day.
- Retirement age
- 65 years or work for 30 years.
- Working contracts
- It depends on the company. In general contracts offer little protection. The open ended contract does not exist.
Cost of labor
- Minimum wage
- 17280 NTD
- Average wage
- Woman: 39522 NTD / month
Man: 49705 NTD / month - Social contributions
-
Social security contributions paid by employers: 4.55%. More information on the website of the Bureau of national health insurance.
Social security contributions paid by employees: 4.55%. More information on the website of the Bureau of national health insurance.
Social partners
- Bargaining power
- Unions have little power and strikes are rare.
- Unions
-
Taïwan Confederation of Union Trade
- Labor regulation bodies
-
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