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[ESTABLISHING A BUSINESS ENTITY IN TAIWAN]
the order of foreign exchange market in Taiwan; and (5) Inward or outward remittances made by a foreign individual who does not have an alien residence certificate or a person from a jurisdiction not recognized by Taiwan government as allowed to do business in the country, of an amount per transaction not exceeding US$100,000.
• Withholding tax Since a branch is legally inseparable from its foreign company, net profits realized locally by the branch are considered profits of the foreign home company, and thus repatriation of such profits will not be subject to further withholding tax, while dividends declared by a subsidiary (either a limited company or company limited by shares) to its foreign shareholders shall be subject to a withholding income tax at the rate of 21% or a lower tax treaty rate if applicable.
ILN Corporate Group – Establishing a Business Entity Series
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