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IMPACT – HIGH
What is the change? Taiwan’s new law that significantly eases rules for foreign professionals and their family members will take effect Feb. 8.
What does the change mean? Among the numerous changes detailed below, the Recruitment and Employment of Foreign Professionals Act introduces a “Gold Card” work-and-residence permit that does not require a sponsor, expands the duration of work permits to five years, and relaxes several rules for permanent residency.
The key provisions of the law are listed below.
BAL Analysis: The law relaxes several rules for expatriate employees and their families and provides a number of financial and social benefits to foreign professionals seeking to work and live in Taiwan.
This alert has been provided by the BAL Global Practice group and our network provider located in Taiwan. For additional information, please contact your BAL attorney.
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