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IMPACT – HIGH
What is the change? Taiwan released additional details Tuesday on the “Gold Card,” a combined work-and-residence permit that was introduced Feb. 8.
What does the change mean? The new updates to the Recruitment and Employment of Foreign Professionals Act define “foreign special professionals” and offer clarification on key provisions of the law.
Updates to the law:
Background: The Recruitment and Employment of Foreign Professionals Act introduced the Gold Card, expanded the duration of work permits to five years and relaxed several rules for permanent residency. Full changes are detailed in a previous BAL news alert here. Taiwan’s National Immigration Agency released an update to the law Tuesday to clarify the changes.
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. The added criteria to define foreign special professionals limits Gold Card eligibility to specific industry sectors.
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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