When purchasing property in Taiwan, the required documents depend on whether you are a local resident or a foreigner. Below is a general list of essential documents for both groups:
1. Identification documents
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For Taiwanese residents:
- National ID Card
- Household Registration Copy to confirm residency
-
For foreigners:
- Valid Passport
- Alien Resident Certificate (ARC) (if applicable)
- Proof of Legal Residency Status (work, study, or family visa)
2. Financial documents
- Bank statements:
- Recent bank statements showing sufficient funds for the down payment (typically 10–30% of the property price)
- Income tax forms:
- Form 109 (employee income) or Form 99 (self-employed) for income verification
- Credit report:
- Required for mortgage applications (provided by banks)
3. Property purchase contract
- A signed purchase contract with details such as:
- Property address and price
- Payment schedule and down payment amount
- Responsibilities of buyer and seller
- The contract must be notarized by a notary public
4. Property ownership proof
- Title deed:
- Confirms the seller’s legal ownership of the property
- Real estate registration certificate:
- Shows property details and ownership history
5. Legal and tax documents
- Deed tax payment receipt:
- Paid to the local tax authority (typically 1–4% of the property price)
- Real estate registration fee:
- Paid to update the property title in your name
6. Additional requirements for foreigners
- Approval from the ministry of the interior:
- Required if purchasing land (not usually needed for apartments)
- Submit proof of residency status, identity, and financial capability
- Power of attorney:
- If working through a legal representative or agent
7. Mortgage-Related Documents (if applicable)
- Loan application forms from the bank
- Appraisal report:
- Conducted by a licensed appraiser to determine the property’s value
8. Sales agency contract
If using a real estate agent, a commission agreement specifying fees and terms
Notes
- Language Requirements:
- Contracts and documents are typically in Chinese. Consider hiring a bilingual lawyer or agent to review terms
- Legal Registration:
- Final ownership transfer must be completed at the local Land Administration Bureau
- Visa Restrictions:
- Some visas (student or tourist visas) may restrict property purchases. Ensure your status allows it
Tips
- Consult a real estate attorney to avoid legal pitfalls
- Verify the property’s status (no liens or disputes)
- Budget for additional costs like deed tax, stamp duty, and agent fees (typically 1–3% of the property price)
