Q:
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Does a foreign investor have to work in Taiwan after establishing a Taiwan limited company?
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A:
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Not necessarily. If the person would like to stay in Taiwan for a long period of time, he needs to apply for a work permit and resident visa afterwards.
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Q:
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Is there any minimum capital limitation when establishing a firm?
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A:
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No, there is no minimum capital limitation.
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Q:
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Is certification by certified public accountants needed when establishing a firm?
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A:
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No.
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Q:
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Is capital verification report by certified public accountants needed when establishing a firm?
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A:
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No.
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Q:
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What are the differences between a limited company and a firm?
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A:
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A limited company refers to corporation aggregate formed under the Company Act, in which the shareholder is responsible for the capital injection. A business registered under the Business Registration Act is known as a firm, referring to a profit-making business owned by sole proprietorship or partnership with unlimited liability. Besides the names, the Act relied and formation of the two, are also different.
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SOALAN LAZIM
