The business to be invested or operated is subject to the "Negative List of Overseas Chinese Investment - Industry Projects Prohibited and Restricted from Overseas Chinese Investment"

• Company name and business pre-screening application - you can fill in 1-5 Chinese company names according to your preference (the Ministry of Economic Affairs will review them in sequence, and only one company name will be approved if it meets the requirements) and the business items to be operated (can be directly linked to the economic Online preview on the department website).
• Apply for overseas Chinese (regarding overseas Chinese identification documents need to contact the Overseas Chinese Affairs Committee), foreign investment permit

Review process:

※Those who do not fall into the restricted investment category and the investment amount does not exceed NT$500 million: 2 to 4 days.

※For non-restricted investments and the investment amount does not exceed NT$1.5 billion: 3 to 5 days.

※For restricted investments, or investment amounts exceeding NT$1.5 billion, or merger and acquisition cases: 10 to 20 days.

※For cross-border mergers and acquisitions cases, or unusual cases: 20 to 30 days.

• Apply for approval of funds for inward investment.
• Apply for company establishment registration - If the business item to be operated is a permitted business (please link to the Ministry of Economic Affairs' company number business item code retrieval system), you must first obtain the establishment permit from the competent authority of the target enterprise before you can apply for company establishment registration.
• Apply for business registration.
• Apply for factory establishment registration - depends on the chosen factory location (non-manufacturing and processing companies are exempted).
• Import and export manufacturer registration - applicable to traders (you can directly connect to the website of the International Trade Bureau to apply online).

Source: Invest Taiwan Portal.