Hello, and please accept my apologies if this is something widely know but the latest post I saw about this is from Nov 2000, so I would like to ask the more senior and fellow members of this forum for advice:
Is it legal in Taiwan for a foreigner on an ordinary work ARC (non-APRC) to invest (buy stock, or just go to a bank and buy financial products). I have been living for years here under the impression that we are not allowed to do anything that is not listed in the work permit, and assumed all along that the people investing were on APRCs or other kinds of l/t visas.
If it is possible, does one need to ask for a special investment permit? are there limitations? How does one do it?
legally possible, practically difficult, banks dread opening investment accounts for foreigners for some reason, you might be rejected by your bank because they think it’s too much work, so they will tell you foreigners can’t open an investment account.
many of the posters here find the ui of the local banking platforms difficult and operate through overseas brokerage.
It’s fine as long as you conform to tax regulations.
I also have an account at Yuanta Securities for local investments. Was not difficult to set up. Just one of those things where you sit in their branch for 2 hours and fill in copious amounts of paperwork.
I am a master’s student in Taiwan holding an ARC too. I don’t have much experience in the stock market, cannot speak Chinese and don’t have much money too but I want to get to know more about it? I hope Yuanta staffs is friendly and helpful? What is the minimum investment in Yuanta Securities?
There is no minimum from Yuanta. However, because Taiwanese stocks usually trade in batches of 1000, you’ll need to be able to put in at least a few 10,000 NT$.
Also, if you don’t read Chinese, the app will be challenging to navigate. It might be easier to open an account at an overseas broker and invest in the US or other more internationally accessible markets.