MAR. 18 ,2011

 


One-stop online company registration coming in June

The Ministry of Economic Affairs (MOEA) is setting up a “one-stop shop” online application system that is scheduled for inauguration in June. Once the new system is in operation, says YEH, Yun-lung, director general of the MOEA’s Department of Commerce (DOC), anyone wishing to establish a company will have to submit only one application, online, without having to run around to different government agencies.

In line with the e-government policy, the DOC began instituting online procedures for prior examination of company names and items of business in 2004, and exempting those who used such online applications from the need to affix original copies of prior examination forms at the time of company registration. This simplified company establishment and enhanced government efficiency.

At the present time, someone who wants to set up a company in Taiwan has to complete four separate procedures,  including  company  registration  and tax registration, as well as to report to the Bureau of Labor  Insurance  on  labor  insurance  premiums  for employees, premiums for National Health Insurance, and  labor  pension  withholdings.  They  are  also required by the Labor Standards Act to submit a labor retirement plan and work rules.

The MOEA is currently carrying out interministerial deliberations on the new online one-stop shop system for  company  establishment,  which  is  scheduled for inauguration in June. Director General Yeh says that  in  the  future,  when  someone  applies  online to establish a company the MOEA will process the application  that  same  day  and  complete  all  the paperwork the following day. The online application will be automatically relayed to the Council of Labor Affairs,  Department  of  Health,  and  other  relevant agencies so that they can carry out examination work simultaneously.

According  to  the  Doing  Business  2011  report published by the World Bank on November 4 last year, Taiwan’s global “Ease of doing business” ranking has risen to 33rd, an improvement of 13 places over a year earlier. Three reform programs that the government completed  in  2010,  including  a  shortening  of  the administrative time for company registration, helped Taiwan advance from 29th place to 24th place in the “Starting a business” index.

Doing Business 2011 also reported that while the number of procedures required to set up a business in Taipei remained at six, the time required had been cut from 23 days to just 15 days.

 

 

 

 


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