Taipei City Office of Commerce

A (local) company is a business entity registered under the Company Law, whereas a foreign company is a business entity registered under the laws of a foreign country, and authorized by the R.O.C. government to transact business within the territory of R.O.C.
There are four types of company, which are Company Limited by Shares, Limited Company, Unlimited Company and Unlimited Company with Limited Liability Shareholders. The main types are Company Limited by Shares and Limited Company.
‧Limited Company：A company organized by one or more shareholders, with each shareholder being liable for the company in an amount contributed by the shareholder.
‧Company Limited by Shares：A company organized by two or more shareholders except for one government or corporate shareholder with the total capital of the company divided into shares, and each shareholder being liable for the company in an amount equal to the total value of shares subscribed by the shareholder.
Foreign company is organized and incorporated under the laws of a foreign country, and authorized by the R.O.C. Government to transact business in R.O.C. territory.