For those people who are the serious long-termers in Taiwan (with no intention of returning to the old country [wherever that may be]), what are the disadvantages of becoming a citizen? Why not give up your original citizenship to become Taiwanese?
I look at my case as a Canadian, and what I would lose if I became a Taiwanese citizen vs staying on an APRC - not much really:
- I lose my passport and whichever countries Canadians can visit visa-free that Taiwanese cannot
- I can’t flee to Canada if China invades
- I lose healthcare in Canada (personally I think Taiwan’s healthcare is on par with Canada’s, and the wait times are much, much shorter)
Things I wouldn’t lose as a new Taiwanese citizen (contrary to what is believed by some):
- My Canadian government CPP (Canadian
- You get money from this pension based upon what you put into it from working
- My Canadian government OAS (Old Age
- You get the basic OAS as long as you have lived in Canada 20 years after the age of 18
It can be a bit of juggling act to maintain some things as a non-resident of Canada (bank accounts, etc.), but the banks don’t care if you are a non-resident or a non-citizen - in Canada residency is all that matters. My work pension still has to be deposited somewhere in Canada, as does (eventually) my CPP and OAS money. Some banks have no issue with allowing current non-residents who were previous residents to maintain a bank account, some will not allow it.
I know that this topic can stir up a whole lot of strong feelings in people, but let’s try and ignore the dual citizenship elephant in the room, please?