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Taiwan corporate guides

Doing business
in Taiwan.

Our corporate guides provide concise, up-to-date information, ideal for anyone looking to understand the essentials of doing business in Taiwan.

Formation guides.


Corporate governance guides.


Accounting & tax guides.


HR & payroll guides.

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About Taiwan.

Taiwan’s economy is built on high-tech manufacturing, innovation and international trade. Its location in East Asia gives it easy access to mainland China, Japan and Southeast Asia, and it’s home to TSMC, which controls close to 70% of the global semiconductor foundry market, making Taiwan a critical link in chip supply chains worldwide.

The workforce is highly educated, operating costs are competitive, and the legal system offers solid intellectual property protection, all of which continue to draw foreign investment. Infrastructure is a strength too: transport networks are advanced, utilities are reliable, and digital connectivity supports both industrial operations and service businesses.

The government backs entrepreneurship and foreign investment through tax incentives, R&D grants and dedicated development zones, and has pushed regulatory reform and public-service digitalisation to help foreign companies get up and running with less friction.

Taiwanese business culture.

Confucian values run through Taiwanese business etiquette, with a strong emphasis on respect and hierarchy. Meetings are formal, particularly early on, and using titles and surnames matters. Punctuality is expected, and how you dress and carry yourself gets noticed.

Business cards go with both hands, text facing the recipient. It’s a small gesture, but it signals attentiveness. Take a moment to look at the card before setting it down on the table or in a holder, never straight into a pocket.

Guanxi, or relationships, sit at the centre of how business gets done in Taiwan. Technical ability and price matter, but personal trust often tips the decision. That trust builds over time, through repeated meetings, shared meals, and taking part in local customs like tea ceremonies or gift-giving.

The business environment itself has become more transparent in recent years. Digital transformation has cut a lot of the delay out of administrative processes, though some formalities remain, and local expertise still helps when working through sector-specific rules and compliance requirements.