By: Ta Ya-Chen and Lilian Wu
Taipei, Dec. 2 (CNA) The Executive Yuan on Wednesday decided to ease restrictions on hiring or retaining foreign professionals, students and laborers in Taiwan, which is expected to keep an additional 6,000 to 7,000 foreign nationals in Taiwan a year.
Premier Mao Chi-kuo (毛治國) approved the easing of restrictions proposed by the Ministry of Labor at a meeting of the Cabinet.
Under the new regulations, which will take effect at the beginning of next year, companies hiring foreign nationals will no longer have to have paid-in capital of NT$5 million (US$152,855) and sales of NT$10 million, and foreign hires will no longer be required to have two years of work experience in their field. [FULL STORY]