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 3 | 15 days | Upon the shareholders approving liquidation statements | The court being notified about completion of liquidation |
Under Taiwn law, post-liquidation files shall be safekept in Taiwan for a period of 10 years.
Liquidation procedures in Taiwan involves 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 aliciahsulawyer@gmail.com. (August 2020)