The News Lens
By: Philip Liu
Taiwan’s planned new legislation would make tax and other incentives available to
To remedy the serious brain drain in Taiwan and counter aggressive talent poaching by neighboring countries, the government has proposed legislation to help attract and retain foreign white-collar workers. The main provisions would relax current restrictions on the hiring of foreign professionals, improve their living conditions, and offer them tax and other incentives.
Now being reviewed by the Legislative Yuan, the bill – known as the Act for the Recruitment and Employment of Foreign Professional Talent – will make it much easier for foreign professionals to be employed in Taiwan or to serve here as interns. If the law is enacted as proposed, for example, foreign professional talent would be able to stay in Taiwan for up to one year for job-seeking, whereas currently they must already have a job to qualify for residence. [FULL STORY]