APRC For Entrepreneur / Freelancer

[qwert_zuiop]

@yuj97oh0

Assets of $5 million. I won’t be able to satisfy this, sadly.

Do note that it’s NT$ 5 million. And it can include FCY balances at a bank in Taiwan. Not US$ 5 million like some people incorrectly assume.

@yuj97oh0

Or is there any path forward for entrepreneurs/freelancers who have irregular income (satisfying the yearly minimum wage) but not high enough for the $5 million assets?

I think there are quite some people in a similar situation as you in the Gold Card thread who successfully converted to a APRC having only freelance income ( @Andrew ?) :

The Employment Gold Card Super-Thread

From Cabinet approves bill to attract skilled foreigners - Taipei Times Cabinet approves bill to attract skilled foreigners - Taipei Times The Cabinet yesterday approved a draft bill relaxing the restrictions on foreign white-collar workers in a bid to attract skilled foreigners for the government’s “Asian Silicon Valley” initiative. The draft bill would relax the regulatory constraints on residence and work permits, taxation, internships, healthcare and retirement benefits. The bill is aim…

APRC After Gold Card - What are the rules?

If we get the APRC thru the GC route, but stay outside of Taiwan for extended periods ( say 2-4 years), do we still need to do any of these: Keep asking for permission to stay abroad every 6 months ( I read this somewhere for some category of aprc) Contribute financially towards some minimum tax, NHI, etc? Any other thing I don’t know ?

@yuj97oh0

The only option I can think of is to create a local, one-person Taiwan company and then get employed by my own company.

It should also work for an overseas company as long as it can pay you a salary. You can then declare this as salary in Taiwan (it counts as Taiwan-sourced as the work was performed in Taiwan).

Another option would be involving an EOR (Employer of record) solution - either through your own company abroad or directly through your customers. However, this could result in fees of US$300+ per month…

@yuj97oh0

Will this one-person company route cause any issues when it comes to the APRC?

I think @Marco went that route: Started a company in Taiwan and eventually converted to APRC. It’s probably the “safest” (i.e. most straightforward) way as you will have “real” local salary. See this thread for details:

Freelance income and APRC application

Hello folks, I will be eligible to apply for my APRC in late 2024, I am currently teaching English at a public elementary school and would easily meet the requirements for the APRC if I stayed in this position until then. I have, however, developed a blossoming online translation side gig which I’d like to pursue and the full time job is feeling more and more distracting from the translation. Obviously freelance translation won’t get me an ARC to fill the last year before the APRC, but I was w…