Taiwan shortens continuous permanent residency requirement to 3 years for foreign talents
Taiwan's Cabinet approved the National Development Council's draft amendments to the Act for the Recruitment and Employment of Foreign Professionals on April 15.
According to Taiwan News mentions, at a Cabinet press briefing on April 15, Premier Su Tseng-chang (蘇貞昌) said the 5+2 Innovative Industries Plan and Taiwan's Six Core Strategic Industries are in great need of foreign talents.
Cabinet Spokesman Lo Ping-cheng (羅秉成) then announced the Cabinet has approved a draft amendment to the foreign talent act that includes three new components: relaxed requirements for foreign teachers, shortened criteria for permanent residency, and expanded tax reductions and health insurance access.
According to Executive Yuan, the Main proposed changes to the act are as follows:
1. Relax work conditions: Ministry of Education approved schools for children of foreign professionals may employ foreigners as subject teachers.
2. Ease permanent residency requirements: The residency requirement for foreign special professionals applying for permanent residency will be shortened from five to three years. Foreign professionals and foreign special professionals who earn a master's or doctorate degree in Taiwan may shorten their continuous residency requirement by one to two years when applying for permanent residency.
3. Extend tax breaks and social benefits: Tax breaks for foreign special professionals will be extended from three to five years. The six-month waiting period to qualify for National Health Insurance will be waived for foreign special professionals or foreign senior professionals who employ others or operate their own businesses, as well as for their dependents.
Taiwan News adds, foreign professionals and their family members will immediately be eligible for Taiwan's National Health Insurance (NHI). Normally, foreigners must wait six months before they can qualify.
Devised by the National Development Council (NDC), the draft bill had originally also included a provision specifying that graduates of the world's top 500 universities would be exempt from the two-year work experience requirement for a work visa. However, Deputy Minister of Labor Shih Keh-her (施克和) said this exemption was removed from the draft, as it can be arranged via administrative order and will be considered by the Ministry of Labor in the future.