I called the Banchiao Branch of the National Immigration Agency at 2:20pm on 12-4-2009. I spoke to Miss Cho (周小姐), the person in charge of processing APRCs at 8964-7960 extension #403. Here are the answers she gave regarding income requirements for APRC applicants.
She stated that in August 2008 the policy regarding income requirements for APRC’s had changed. The new policy is as followed:
- You no longer need to show your official tax certificates for the past 3 years before applying for the APRC. Now, you only need to show your official tax certificate for the past 1 year before applying. So, if you apply in 2010, you will only need to show the official tax certificate for 2009! Keep in mind that you won’t be able to apply before May 2010 because the taxes for 2009 won’t have been filed and the official income tax certificates required won’t be available, yet.
a. For employment based ARC applicants, you are still required to show at least 2X the basic wage or higher for the past year. That currently would work out to be $17,280(basic wage) x2=$34,560/month x12 months = [color=#FF0000]$414,720/year or more.[/color]
b. For JFRV based ARC applicants, you are required to show your official tax certificate for the past year, but there is no required income threshold. Spouses get a break on this one. However, if your past year’s income tax certificate is very low, you will be required to show a bank savings of at least $200,000. She didn’t stipulate how low “very low” was for the past year’s income tax certificate to be in order to require the $200,000 savings. Additionally, she didn’t say whether that amount had to be in the account every day for the past year or just had to show that the applicant has $200,000 in savings.
- Employment based ARC applicants and also JFRV ARC applicants are also allowed the option to show $5 million in cash savings, or property, or businesses or a combination of these as long as they have a value of $5 million or higher. JFRV applicants are allowed to use their Taiwan spouses and/or their Taiwan spouse’s family’s property and land holdings as well in the quest for the $5 million in assets if the applicant decides to pursue this avenue. This policy isn’t a change, but a reiteration of the $5 million asset policy.