Newsletter
PERMITTED LEGAL TRANSAC-TIONS FOR REPRESENTATIVE OFFICES
The Company Act provides that a foreign com-pany may not conduct business operations within ROC unless it has been recognized by the ROC government and has registered a branch office. In principle, the term "business operations" means the company's routine and repetitive commercial activities. As for a foreign company that does not intend to set up a branch office to conduct business operations in Taiwan, but merely sends a representative to conduct busi-ness-related legal transactions on its behalf, the Ministry of Economic Affairs stated in an inter-pretation issued on 29 October 2003 that "busi-ness-related legal transactions" may include signing contracts, submitting tenders, making price quotations, purchasing, and conducting price negotiations.