On Apr.20, the Executive Yuan passed a draft bill that significantly relaxes restrictions and improves the working environment for international professionals in Taiwan. Under the draft bill, regulations on taxation and permanent residence for foreign professionals and their family members are revised to incentivize more foreign talents to work in Taiwan.
==NATALIA Russian exchange student ==
If I will be able to find a job which will be...about my education is not easy now.
Natalia, who came to Taiwan to study international finance, will be graduating this June with a master's degree. However, like other international students, she does not consider working in Taiwan after graduation because it is difficult to find a job in the country before the student visa expires.
==YEH CHU-CHEN Dir., Graduate Inst of Int'l Human Resource Devt., NTNU==
It is very difficult for these international students to find a job within a month after graduation. Their employers have to be willing to apply for a work visa for them in a rather short time.
According to National Taiwan Normal University's Graduate Institute of International Human Resource Development, less than 10 percent of international students were able to find a job in Taiwan after receiving their degree. Therefore, it is even more doubtful that international professionals would have the motivation to seek employment in Taiwan. Moderate salary, high taxes, and strict residency regulations have prevented Taiwanese companies from recruiting overseas talents.
==WU PI-SHENG General Manager of ManpowerGroup==
A tax benefit for those earning over NT$2 million per year will be of great help to companies seeking overseas talents.
To raise national competitiveness and attract overseas talents to Taiwan, the Executive Yuan approved the "Draft Act for the Recruitment and Employment of Foreign Professional Talent". Special professionals earning over NT$2 million per year will be eligible for a 50-percent income tax cut for their first three years in Taiwan. Foreign income will also be exempt from basic income tax in Taiwan. In addition, a four-in-one Employment Gold Card, combining work permit, resident visa, foreign resident certificate and re-entry permit valid for at least three years will be introduced. Foreign skilled workers will be allowed to change jobs without the permission of their employers.
==LIN CHIH-MEI Director, National Development Council==
We will cooperate with other departments to set up regulations for qualifications. Every industry has its own criteria.
To hold on to these skilled workers, residency rules are relaxed. Foreign white-collar workers can now stay for up to five years, instead of three. They will be no longer required to reside in Taiwan for at least 183 days per year to maintain their residency status. Moreover, for those who have obtained permanent residence in Taiwan, their spouses and minor children will be eligible to apply for the permanent residence permit after living in Taiwan for five years. It is hoped that relaxation of several restrictions will help encourage more foreign talents to work in Taiwan, and help upgrade Taiwan's industries.
TRANSLATED BY：ARIEL HSIEH
RELAXATION IN TAXATION AND RESIDENCE REGULATIONS TO ATTRACT FOREIGN PROFESSIONALS|吸引外籍專業人才 居留.租稅法規大鬆綁
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