許杏宜律師辦公室
During the liquidation process, the liquidators are deemed as a company’s responsible persons. Unless otherwise appointed, shareholders of a limited company or directors of a company limited by shares shall be liquidators. The process of liquidating a Taiwan company can be divided into the following four main steps.
| Duration | From | To | |
|
Step 1 |
15 days |
liquidator's assumption of office |
The court being notified about liquidation |
Step 2 |
6 months
(extendable after applying
with the court) |
liquidator's assumption of office
|
completion of liquidation |
| Step 3 | 15 days | completion of liquidation | Circulating liquidation statements to shareholders for approval |
Step 4 |
15 days |
Upon the shareholders approving liquidation statements |
The court being notified about completion of liquidation |
Under Taiwan law, post-liquidation files shall be safekept in Taiwan for a period of 10 years.
Liquidation procedures in Taiwan involve many details. The introduction above is intended to give a general introduction and you need to consult independent advice before applying the information above. If you require further assistance, please contact alicia.hsu@dentons.com.tw (August 2020).
Photo by Kelly Sikkema on Unsplash