Laws and Regulations Database of the Central Bank of the Republic of China(Taiwan)

For the establishment of a domestic money broker, an applicant shall prepare in full amount of the minimum registered capital within six months after obtaining permission from the Bank, and apply for the certificate of company registration from Ministry of Economic Affairs. Within three months after completing company registration, a domestic money broker shall submit the following documents to apply for a business license from the FSC:

1.Approved documents from the Bank;

2.Certificate of company registration;

3.Certificate of capital verification;

4.Articles of incorporation;

5.Shareholders’register and minutes of shareholders' meetings;

6.Directors’register and minutes of meetings of the board of directors;

7.Managing directors’register and minutes of meetings of managing directors;

8.Supervisors’register and minutes of meetings of supervisors; and

9.Other documents required by the FSC.

For the establishment of an overseas money broker, an applicant shall prepare in full amount of the minimum operation funds within six months after obtaining permission from the Bank, and apply to the Ministry of Economic Affairs for approval to establish and register a branch office of a foreign company in Taiwan. Within three months after completing company registration, an overseas money broker shall submit the following documents to apply for a business license from the FSC:

1.Approved documents from the Bank;

2.Certificate of approval of the branch registration of a foreign company in Taiwan;

3.Certificate of the verification of remittance to fund working capital used within the territory of the Republic of China;

4.Other documents required by the FSC.

Before the deadlines for completing the establishment and registration of a company or the branch office of a foreign company in Taiwan, or the application of business license prescribed in the preceding two paragraphs, the applicant may request for an extension; only one extension may be granted and the extension shall not exceed three months.