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 aimed at attracting three categories of workers: general specialists, including freelance workers, artists and teachers; specialists of designated fields, including science, economics, education, culture, sports and others; and senior specialists, including highly skilled professionals, university professors, Olympic medalists and coaches of national sports teams.
The 3-year 50% tax cut is only for wealthy folks, but other items look nice. What I don’t get so far is the “residency period” - what does that mean, and how is extending it good?
The act would also extend the residency period for foreign employees from three to five years and scrap a regulation requiring workers with permanent residency to stay in Taiwan for at least 183 days every year.
More here (I guess): https://join.gov.tw/attachments/e0812f68-9435-4cdc-a16e-cdd9aa053b68/download/%20Act%20for%20the%20Recruitment%20and%20Employment%20of%20Foreign%20Professional%20Talent%20(Draft).pdf
edit, thanks to afterspivak: even more here http://focustaiwan.tw/news/aeco/201704200011.aspx