For professionals considering relocation to Taiwan, understanding the local regulations regarding retirement benefits, job search visas, and work permits is essential. This guide outlines key policies to help facilitate a smooth transition.
Retirement Benefits Under Taiwan's Labor Pension System
Workers enrolled in Taiwan's New Labor Pension System become eligible to claim their retirement benefits upon reaching 60 years of age. Unlike traditional pension systems, employees can directly apply for these benefits without requiring employer mediation. The system provides a portable retirement account that follows workers throughout their careers.
Job Search Visa for Foreign Professionals
Taiwan offers a specialized job search visa designed to attract international talent. This visa category allows qualified foreign professionals to enter Taiwan for employment exploration purposes. Applicants must demonstrate professional qualifications in their field but are not required to have secured employment before arrival.
Work Visa Requirements for Foreign Employees
Taiwanese companies seeking to hire foreign nationals must meet specific criteria:
- The hiring company must maintain a minimum capital of NT$5 million (approximately US$160,000)
- Applications are restricted to professional positions requiring specialized skills
- Employers must demonstrate that the position cannot be filled by local talent
These policies reflect Taiwan's efforts to balance workforce development with international talent acquisition. Prospective applicants should verify current requirements with official sources, as regulations may undergo periodic updates.