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Friday, November 22, 2024
CEOWORLD magazine - Latest - CEO Advisory - How To Become A Resident Of Taiwan

CEO Advisory

How To Become A Resident Of Taiwan

Having a residency permit in any country is like acquiring a golden ticket that lets you avail yourself of various rights and benefits. However, every nation grants a permanent residency card to foreigners only if they are willing to participate in the welfare of the province. Thus, the requirements and other procedures slightly differ from country to country.

If you plan to move to a nation with lower living costs, great food, an excellent medical and education system, a higher standard of living, and greater technology, then Taiwan is one of the best choices. Although the nation is a small independent island of ROC (Republic of China) in East Asia, it offers tremendous benefits for all immigrants, which makes it stand out from the rest.

Types Of Residency Visa

From a pleasing subtropical climate, splendid natural habitat, and friendly atmosphere, to heavenly places, Taiwan is a great place to live in. However, If you are interested in acquiring residency permits in the country, then there are a few protocols to follow. For starters, applicants have to reside in the country for five consecutive years and approximately 183 days annually to obtain their residency card. Apart from this, a foreigner can get various residency visas to enter Taiwan and then appeal for a residency permit only after living for several interrupted years.

Now, let’s look into the ways to become a Taiwan resident. 

    • Resident Visa
      An individual can live in Taiwan for more than six months with a Resident Visa. Foreigners need to apply for a Re-entry Permit and a special Resident permit, i.e., an Alien Resident Certificate, 16 days before their arrival. Also, the ARC permit allows a person to live and freely work in the nation till it is valid. 
    • Visitor Visa
      The visitor visa is a short-term visa for one who wants to visit Taiwan for tourism, inspection tours, short-term working or study, visiting relatives, conducting business, transit, and other reasons. The usual validity of a Visitor Visa is for three months, and some specific visa holders can apply for their visa extension. However, the limit of stay and application fees may differ depending on other conditions. 
    • Short-Term Business Visitor Visa For APEC
      APEC is an Asia-Pacific Economic Cooperation that allows member countries to get a short-term visa for less than six months. A short-term business visa is applicable for all APEC foreigners who are willing to conduct business in Taiwan. 
    • Temporary Business Residency Visa For APEC
      An individual from an APEC member country can get a Temporary Business Visa and stay for up to six months for investment, employment, and other work purposes. Foreigners can also apply for a visa extension, and they are required to apply for a Resident permit. Hence, they reside there as long as their ARC is valid.  

Requirements For Permanent Residency

As discussed above, an individual must get a visa to enter Taiwan to apply for Permanent Residency. However, PR permits come with the following requirements, which are mandatory for every individual to follow:  

    • If a person wants to get a residency permit by investment, they need to invest in an active business or other economies in Taiwan for about $200,000. Furthermore, the permit is valid until one stays in Taiwan for 183 days annually and maintains their investment. 
    • A person must qualify for their monthly income, which must be twice the minimum wage set by the Ministry. Moreover, one should also live in Taiwan for 183 days a year. 
    • An applicant must apply for their APRC permit after a living duration of two years in Taiwan. 
    • An applicant must have a clean criminal record.

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CEOWORLD magazine - Latest - CEO Advisory - How To Become A Resident Of Taiwan
Ayushi Kushwaha
Ayushi Kushwaha, Staff Writer for the CEOWORLD magazine. She’s spent more than a decade working for various magazines, newspapers, and digital publications and is now a Staff Writer at The CEOWORLD magazine. She writes news stories and executive profiles for the magazine’s print and online editions. Obsessed with unlocking high-impact choices to accelerate meaningful progress, she helps individuals and organizations stand out and get noticed. She can be reached on email ayushi-kushwaha@ceoworld.biz.