Q1. What kind of documents does a natural person of foreign nationality need to open a deposit account in Taiwan?

A1.
1. Foreigners with a resident certificate issued by the Ministry of the Interior: The applicant must present the resident certificate and another document which can verify his/her identity, such as a National Health Insurance Card, passport, driver’s license, or student ID card and apply with two forms of identity documents.
2. Foreigners (foreigners without a residence in Taiwan) who do not hold a resident certificate: The applicant shall present the foreign passport with a valid entry visa (or seal) or the Overseas Compatriot Identity Certificate issued by Overseas Community Affairs Council as well as the Record of ID No. in the Republic of China to apply.


Q2. Are there restrictions on the types of deposit account that can be opened by foreign natural persons?

A2. Foreigners without a residence in Taiwan (i.e., foreigners who do nothold a resident certificate) may not open checking deposit accounts.


Q3. Can a foreign natural person appoint another individual to process account opening in Taiwan?

A3.
As a principle, foreigners without a residence in Taiwan [i.e. foreigners who do not hold a resident certificate (including overseas Compatriot)] are required to personally apply for opening an NTD deposit account.
However, those that meet the following conditions or regulations of the competent authority may appoint or authorize an agent to process the application in accordance with the bank's internal KYC regulations:
1.The opening of accounts for the transaction of securities for foreigners who receive a special approval from the Investment Commission, Science Park Administration Bureau, or Export Processing Zone Administration of the Ministry of Economic Affairs, or those who obtain securities due to specific reasons such as gifts and inheritance. 
2.Where the person in charge of the preparatory office of a foreign company is a foreigner without a residence in Taiwan when the preparatory office opens a deposit account at a financial institution.
 

本資料僅供參考，須依照主管機關公告辦理。
The above information is for reference only, the process must be guided by the competent authority.