IMPACT – MEDIUM
What is the change? A proposed law that eases work and permanent residency rules for foreign nationals has passed the initial round of legislative review and may receive final passage by the end of the year.
What does the change mean? The Recruitment and Employment of Foreign Professional Talent Act would introduce a 4-in-1 multi-use work and residence permit that foreign professionals could apply for without approval by an employer. Other provisions would lengthen the maximum duration of work permits, eliminate minimum annual residency rules to maintain permanent residency, expand eligibility for permanent residency of dependents under age 20, and give permanent residents greater access to retirement and health care benefits.
Background: The proposed law contains the following provisions that would benefit companies and expatriate employees:
BAL Analysis: The new law is aimed at expanding opportunities for foreign professionals to fill labor shortages and skills gaps and to help improve Taiwan’s economy.
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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