🇹🇼 Opening a Bank Account in Taiwan
Honest assessment of business banking for foreign founders in Taiwan.
Taiwan has a well-developed banking sector with over 35 domestic banks and major international banks present. Key banks for corporate accounts include CTBC Bank, Cathay United Bank, E.SUN Bank, Taipei Fubon Bank, and branches of HSBC, Citibank, and Standard Chartered. Account opening requires the company registration certificate, UBN, FIA approval, and director identification. Banks require a face-to-face meeting with at least one authorised signatory. English-language services are available at international banks and major domestic banks. Online banking platforms are well-developed.
Tips for Success
- Have all company formation documents ready before applying — trade licence, articles of association, certificate of incorporation.
- Prepare a clear business plan or description of your business activities, even if the bank doesn't explicitly ask for one.
- Consider digital/neo-banks as your first account — they typically have faster onboarding for new companies.
- Apply to multiple banks simultaneously rather than sequentially — rejection at one doesn't affect others.
This content is educational and does not constitute legal or tax advice. Always consult a qualified professional for your specific situation. Data last verified March 2026.