Establishing a Company in Taiwan
Taiwan is an island nation, situated to the southeast of China. To its south, you will find the islands of the Philippines and, to the northeast, Japan and Korea. The country's capital is Taipei, which sits in the northern part of the central island. Taiwan's population is roughly 23 million residents, it's official language is Mandarin Chinese and the country's official currency is the Taiwanese Dollar (officially the "New Taiwan Dollar"). Taiwan is also known as "The Republic of China", not to be confused with "The People's Republic of China" (PRC), which refers, of course, to Taiwan's larger and stronger neighbor, China.
Establishing a company in Taiwan grants access to the Asian market in general and to the Chinese market in particular, without the requirement of having to register a company in China itself.
Taiwan is not an ordinary jurisdictional zone. On the one hand, Taiwan is a sovereign country in almost all aspects, however, in practice, it is not internationally recognized as an independent country, as China opposes its independence. In light of this resistance, many countries are wary of clashing with China, thus preferring to refrain from formally recognizing Taiwan as an independent country. With that said, many countries actively maintain diplomatic and commercial ties with Taiwan, as if it was its own separate, independent nation. The current situation is a form of status quo, agreed to by the various parties: while Taiwan does not declare full independence, in actuality, it acts, in many aspects of its governance, as if it has made such a declaration, save for its status within the United Nations and other international bodies. As a means of pressuring Taiwan and maintaining the status quo, China upholds its threat to attack the island nation, if Taiwan were to choose to declare independence.