Is Stripe Available in Taiwan?

If you want to open a Stripe account in Taiwan, you may wonder whether the payment processing platform is available in the country.

Unfortunately, the answer is no. Stripe is not currently available in Taiwan. However, you can still use Stripe in Taiwan through a simple and legal process.

This article explores the essential requirements and how to open a Stripe account in Taiwan.

Does Stripe Work in Taiwan?

If you want to use Stripe for your business in Taiwan, you may wonder if it’s available.

The answer is no.

Stripe is currently supported in 46 countries, and Taiwan is not one of them. Some Asian countries supported by Stripe include Indonesia, Hong Kong, Malaysia, Thailand, India, Japan, Singapore, and the United Arab Emirates.

However, if you are looking to open a Stripe account in Taiwan, follow these steps:

1. Create/form an LLC in the United States (use Northwest).
2. Visit the Stripe website and create an account.
3. Enter your business information, including your name, address, and phone number.
4. Provide your EIN (with the help of Northwest).
5. Provide your tax ID and government-issued ID.
6. Verify your email address and phone number.
7. Add a bank account where Stripe supports processing payments (Use Wise or Mercury).
8. Start accepting payments.

Requirements To Open A Stripe Account In Taiwan For Your Business

Before accepting payments through Stripe in Taiwan, you need to meet certain requirements and follow a step-by-step process.

Requirement	Where To Get It
US-based LLC	Register with a registered agent (Northwest)
EIN/Tax ID	Apply through the IRS website or use a registered agent
US business address	Use a virtual mailbox service or a registered agent
US-based phone number	Use virtual phone number service
US-based bank account	Open a physical bank account in the US (Use Wise or Mercury)

1. A Business Formation In The U.S (LLC)

The first step to opening a Stripe account in Taiwan is to form a Limited Liability Company (LLC) in the United States. This LLC will be the foundation of your Stripe account setup.

You can register with the state government of your choice. Use a registered agent service like Northwest Registered Agent to streamline the process and act receive legal documents.

2. Obtain An Employer Identification Number (EIN) Or Tax ID

Once you have formed your LLC, the next step is to obtain an Employer Identification Number (EIN) or Tax ID.

You can do this by completing an application with the IRS. This unique identifier is crucial for activating your Stripe account.

Using a service like Northwest Registered Agent can expedite the process and save you the complexities of direct IRS dealings.

3. A U.S. Business Address

You will need a U.S. business address for LLC formation and obtaining your EIN or Tax ID.

A registered agent service like Northwest can provide a U.S. address with mail forwarding and handling of legal documents. This ensures that your business maintains a professional presence in the U.S.

4. A U.S Phone Number

Stripe requires a U.S. phone number to verify your account.

You can simplify this by using virtual phone services like Skype or Dingtone, which offer virtual U.S. numbers capable of receiving SMS messages seamlessly. This is a convenient solution for staying connected with your American clientele.

5. A U.S Bank Account (To Be Linked To Stripe For Payouts)

You must link a U.S. bank account to your Stripe account to receive payments.

Stripe supports payouts only to bank accounts from supported countries. As a non-U.S. resident, you can consider virtual bank account services like Wise or Mercury.

Wise provides a borderless account with U.S. routing and account numbers, facilitating payments from Stripe and other U.S.-based entities.

Alternatively, Mercury offers a dedicated U.S. bank account integrated smoothly with Stripe and various payment processors, which is ideal for startups and entrepreneurs.

What’s the Best State to Form Your LLC as a Foreigner in Taiwan?

If you’re a Bahraini entrepreneur looking to form a US-based LLC, consider the state you choose carefully.

Here are the best states to form your LLC as a foreigner in Taiwan:

New Mexico

New Mexico is an excellent choice for foreign entrepreneurs looking to form an LLC.

The state has no franchise tax, low property taxes, and a low cost of living. Additionally, New Mexico offers a streamlined LLC registration process that can be completed online.

This makes it easy for foreigners to set up a US-based LLC without having to travel to the US.

Delaware

Delaware is another great state for foreigners to form an LLC.

The state has a well-established legal system that is favorable to businesses. Additionally, Delaware offers a low corporate tax rate and no sales tax. This makes it an attractive option for businesses looking to minimize their tax burden.

Delaware also has a streamlined LLC registration process that can be completed quickly and easily.

Wyoming

Wyoming is known for being a business-friendly state with a low tax burden. The state has no corporate income, personal income, or franchise taxes.

Additionally, Wyoming has a low annual fee for LLCs, making it an affordable option for foreign entrepreneurs. Wyoming has a streamlined LLC registration process that can be completed online.

Steps On How To Form Your LLC & Open A Stripe Account

Here are the steps you need to follow to form your LLC and open a Stripe account.

Step 1. Sign up For Northwest Registered Agent

The first step in forming your LLC is to sign up for a registered agent service. I recommend Northwest Registered Agent. This registered agent can help you with the entire process of forming your LLC.

To sign up for their services, go to their website at:

https://www.northwestregisteredagent.com

Then click on the “LET’S GET YOU STARTED” button.

Step 2. Choose Your Business Entity and State

Choose your business entity and state once you’ve signed up for a registered agent service. This will determine the type of LLC you’ll be forming and the location.

The total amount will depend on your chosen state and the processing time. For instance, forming an LLC in Alabama costs $334, while New Mexico costs $98.

Step 3. Enter Your New/Existing Details

Enter your new or existing details after selecting your business entity and state. This includes your name, address, and other essential information.

You can choose the physical and mailing addresses you want for the business.

Northwest Registered Agents provides the convenience of using their address as your business address, eliminating the hassle of securing a separate US address for your company.

Step 4. Enter The Management For Your LLC

You’ll need to enter the management for your LLC. This includes the members or managers who will run your business.

If you’re a one-person show in your business, stick with one member and use your name.

Step 5. Fill in Your Contact Details

Next, you’ll need to fill in your contact details, including your email address, phone number, and other information.

Step 6. Setup Your Account with Northwest Registered Agent

After entering all your information, you must set up your account with Northwest Registered Agent using your email and preferred password. This will allow you to access their services and complete the following steps to form your LLC.

Step 7. Get Your Business Identity (Optional)

You can toggle this on to add the Northwest Business Identity option for your LLC. It includes the following, free for 90 days:

• Domain name registration – 1 Free Year
• Website – hosted by us, owned by you
• Business email address
• Business phone

Step 8. Getting Your Tax ID or EIN (Optional)

If you want your LLC’s tax ID (EIN), you can do so through Northwest Registered Agent. They will help you complete and submit the necessary forms to the IRS.

It’s pretty easy to get this on your own, but it’s also great if you’d like to include it in your order!

Step 9. Checkout/Payment (Congratulations!)

Finally, you’ll need to check and make payment to complete the process of forming your LLC.

Congratulations! You can now open a Stripe account and start accepting payments.

Finally, Create Your Stripe Account (With Your EIN & LLC Information)

To start accepting payments through Stripe, you must create a Stripe account. The process is straightforward and can be completed in a few simple steps.

Basic Requirements for Creating A Stripe Account

Before you start creating your Stripe account, ensure you have the following basic requirements ready:

• Your business name and email address
• Your government-issued ID
• Your Employer Identification Number (EIN)
• Your Limited Liability Company (LLC) information

Creating a Stripe Account in Taiwan – Step-by-Step

To create a Stripe account in Taiwan, follow these simple steps:

1. Go to the Stripe registration page at https://dashboard.stripe.com/register and click the “Sign Up” button.
2. Enter your email address and create a password.
3. Click on “Create your Stripe account” to proceed.
4. Fill in your business information, including your name, address, and phone number, and click “Continue”.
5. Enter your personal information, including your name and date of birth. Click on “Continue” to proceed.
6. Verify your email address by clicking on the link sent to your email.
7. Provide your government-issued ID for verification purposes.
8. Provide your EIN and LLC information.
9. Connect your bank account to your Stripe account to receive payments.

Once you have completed these steps, you can start accepting payments through Stripe.

Why I Prefer Northwest Registered Agent For My LLC Formation?

Navigating the legal requirements and paperwork when setting up an LLC in the United States can be overwhelming. That’s why I highly recommend Northwest Registered Agent for LLC formation services.

Here’s why.

Simple and Straightforward Process

Northwest Registered Agent offers a hassle-free and straightforward process for forming your LLC.

They provide a user-friendly interface that guides you through the process step-by-step, making it easy to understand and complete the necessary paperwork.

Affordable Pricing

Northwest Registered Agent offers affordable pricing without compromising on quality compared to other LLC formation service providers.

They offer a range of packages catering to different needs and budgets, ensuring you only pay for the services you need.

Exceptional Customer Service

One of the standout features of Northwest Registered Agent is their exceptional customer service. Their team of experts is available to answer any questions and guide you through the entire process.

They offer a free registered agent service for the first year you hire them to form your LLC.

Trusted and Reputable

Northwest Registered Agent has been in the business since 1998 and has built a reputation for being a trusted and reliable LLC formation service provider.

They have helped thousands of businesses across the United States establish LLCs and maintain compliance with state laws.

Frequently Asked Questions

Is Stripe available in Taiwan?

No, Stripe is not available in Taiwan. However, to use Stripe in Taiwan, you must register or incorporate your business in the US. Doing so will give you a unique Tax ID for US business, allowing you to use Stripe in Taiwan.

What payment methods does Taiwan support Stripe?

Stripe supports multiple payment methods in Taiwan, including credit and debit cards, Alipay, and WeChat Pay. This makes it easy for businesses in Taiwan to accept payments from customers worldwide.

Are there any specific currencies from Taiwan that Stripe supports?

Stripe supports multiple currencies globally, including the New Taiwan Dollar (TWD). This means that businesses in Taiwan can easily accept payments in their local currency.

Does Stripe Atlas support the creation of businesses in Taiwan?

Unfortunately, Stripe Atlas does not currently support the creation of businesses in Taiwan. However, if you are a business owner in Taiwan, you can still sign up for Stripe by registering or incorporating your business in the US.

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