Private School Act Article 82

Foreigners or foreign legal persons recognized and permitted by law may establish private senior high schools or higher-level institutions in the territory of the Republic of China in accordance with the Act.
中文原文 私立學校法第82條
外國人或依法律認許之外國法人得依本法之規定,於中華民國境內設立私立高級中等以上學校。

English translation for reference only; the Chinese text prevails. Not legal advice.