Law of Recruitment and Employment of Foreign Professional Talents
2017-10-31 11:10:58
Being passed today (2017/10/30) in the Third Reading by Legislative Yuan, the Law of Recruitment and Employment of Foreign Professional Talents loosens restrictions on the applications for the employment visa, residence, Insurance of the foreigners coming to Taiwan, and also entitles them benefits of taxes and retirement. At the same time, the regulation that foreign professional talents must stay 183 days every year in Taiwan while being employed is abolished. The employment period is also extended from 3 years to 5 years.
The Law of Recruitment and Employment of Foreign Professional Talents regulates that the foreign professional talents themselves may apply for “employment gold card”, which includes the Work Permit allowing changing jobs freely, Resident Visa, ARC, Re-Entry Permit. In addition, those foreign professionals who earn 3 million or above are entitled to enjoy 3 years’ tax privileges that half of the annual gross income is exempted from the individual income tax computation.