How to do business in taiwan:

With its location near major markets in Southeast Asia, Taiwan is a prime market for companies looking to expand internationally. Taiwan has a robust economy, and its government has taken steps to streamline the process for foreign investors. In fact, according to the Doing Business 2013 report, it now ranks 16th for the ease of doing business.

The first step in setting up a business in Taiwan is registering a company name. This can be done online or through the Department of Commerce. The next step is filing the necessary documents with the Ministry of Economic Affairs. Depending on the type of business structure you are using (a joint venture, a foreign branch, or a representative office), different documentation will be required.

Once the paperwork has been filed, you must obtain a bank account. This can be done at government-owned local banks. In order to get started, it is best to choose a bank that offers the most flexibility for your specific needs. Some of these banks may require you to come in person, while others may offer online applications.

It is also important to understand the culture of doing business in Taiwan. The Taiwanese are known to be shrewd but fair business people who value trustworthiness. Additionally, they are a highly networked society and believe that connections open doors to new businesses. Lastly, they are often influenced by Confucian values and beliefs such as team spirit and staunchness.