General Explanation of the Act for the Recruitment and Employment of Foreign Professionals
In this era of the globalized knowledge economy, sufficiency of high-quality talent is the core of national competitiveness. However, Taiwan is currently facing an external environment in which countries are competing fiercely to attract international talent, while itself falling short in incentives to attract foreign professionals. As a result, its outflow and shortages of talent are growing more serious by the day. International studies show that Taiwan has a severe talent deficit. For example, Oxford Economics’ Global Talent 2021 report forecast that, owing to its aging population and limited scope for heightening gains from education, Taiwan’s talent deficit in 2021 will be the largest of all 46 countries surveyed. And in the IMD World Talent Report 2016 issued by the IMD’s World Competitiveness Center, Taiwan was ranked 24th among the 61 countries assessed. These findings demonstrate that Taiwan still has a need to strengthen its recruitment of foreign professionals.
Accordingly, this Act has been drawn up to help recruit and attract foreign professionals to come to engage in professional work and live in Taiwan, to fill domestic talent and skill gaps and assist our enterprises to internationalize their positioning, as well as to bolster Taiwan’s political and economic relations with other countries, and boost the expansion of our economic and trade diplomacy. It will also be conducive to Taiwan’s industrial development and technical advancement, helping to foster the international perspective of our own people and improving their job opportunities. Thus, it will promote the transformation of our economy toward high-tech and high value-added orientation, match the goals of the 5+2 Industrial Innovation Plan and the New Southward Policy, and assist our adaptation to industry’s cross-generation, cross-border, cross-field, cross-virtuality, and other such development trends. Under the principle of not changing the employment qualifications and screening criteria for foreign professionals to come to Taiwan, it liberalizes provisions relating to their visas, residence, insurance, tax, retirement and other aspects of their treatment, to make Taiwan’s work environment friendlier and thereby encourage foreign professionals to come to Taiwan and remain here.
The main points of the Act are as follows:
1.Relaxation of regulations on work, visa, and residence:
2.Easing of provisions concerning stay or residence of parents, spouses, and children
3.Providing benefits on retirement, insurance, and tax
The official website of Act for the Recruitment and Employment of Foreign Professionals: https://foreigntalentact.ndc.gov.tw/en/
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