If you want the visa, and getting it requires you to ‘open your books’ to prove you meet the qualifications, you open your books. I wouldn’t have a problem with that. It’s not a question of ‘revealing all’, but merely proving you have enough resources that you won’t become a burden on society.
I think this is easily manageable for Taiwan if it wanted to exploit this source of revenue. The Malaysia example is a good one. Chewy posted the financial requirements. Their disclosure requirements appear very reasonable to me.
I agree with you and others that Taiwan is missing out on a great opportunity. Not just Japanese would choose Taiwan, that’s for sure.
[quote=“Enigma”]This idea of a retirement visa has been around for several years. As I recall, the main issue was age upon it could be issued and the assets of the retiree. I have ample of both but I am damned if I am going to open my books to anyone who wants to see them. My SS is probably not enough. Thus, if you apply for this visa showing your retirement income, without revealing all, you would probably be denied anyway.
Also, would you be able to freely freelance as with an APRC combined with your you retirement income.
From friends, these are the issues that are holding it up.
Perhaps, if knowledgeable retirees were to post solutions, it would be noticed.
BTW, Japanese are not the only nationals that would settle here. There are many countries with good folks who would like to call Taiwan their home in their elder years. They may not have a fortune in the account but they spend a lot of money every month and that means more jobs and a better economy. Taiwan is missing out on this opportunity. Think about it. Rent, food, entertainment, etc. Us old folks don’t sit in isolation. We like to go spend some of the funds and Taiwan benefits.