New economic immigration bill

  • Date: 2018-05-24

As the population grays rapidly and birth rates remain low, Taiwan’s working-age demographic is projected to drop below two-thirds of the total population by 2027. According to statistics, in August 2017 the nation’s industries (excluding agriculture, forestry, fisheries and animal husbandry) experienced a shortage of 218,000 workers, including 120,000 for mid-level technical positions.

To address these issues, the government has introduced a new economic immigration bill that will recruit the workers and talent necessary for national development without affecting domestic job opportunities or wage levels. In addition to promoting industrial upgrading and growth, the new immigration policy seeks to recover from Taiwan’s declining birth rate crisis and reshape the demographic structure so that national development can continue sustainably into the future.

Targets of recruitment
 Foreign professionals: Recruitment will be intensified for foreign professionals with the skill sets required for national development, including for the “five plus two” innovative industries and digital innovation. Restrictions on occupation categories will be eased and employer capital requirements will be lifted. As for worker qualifications, a points-based system will be adopted to evaluate work experience, language advantages, education, professional licenses and other assets.
 Mid-level foreign technical personnel: These include foreign and overseas Taiwanese students with technical skills who have completed their studies in Taiwan, migrant workers with mid-level technical skills already working in Taiwan, as well as mid-level technical personnel directly recruited from abroad. To be eligible, these workers must have earned above a certain salary threshold and meet certification requirements for mid-level technical work.
 Immigrant investors: These include foreigners who invest at least NT$15 million (US$501,169) in a for-profit enterprise and create at least five local job opportunities, as well as foreigners who invest at least NT$30 million (US$1 million) in central government bonds or other financial products.
 Overseas Taiwanese and their children: This category applies to people residing outside of Taiwan who hold ROC nationality in accordance with the Nationality Act. Holders of valid ROC passports will no longer be required to present entry permits, and those identifying as foreign professionals pursuing work in Taiwan will receive bonus points on their applications.