Taiwan has launched a Global Elite Card to attract skilled foreign professionals to the country. Unlike the existing Gold Card, this new one will allow professionals to apply for permanent residence within one year of staying in Taiwan. Along with this, the Taiwanese government has also announced its plans to launch a Digital Nomad Visa for remote workers. So, what is prompting Taiwan to take these steps to entice foreign professionals? Read on to find out!
All You Need To Know About Taiwan’s New Global Elite Card
Taiwan is currently facing a labour shortage. As per the country’s National Development Council, Taiwan will witness a workforce deficit of 3,50,000 by 2028. To alleviate this problem, the Taiwanese government has announced a new Global Elite Card. With this new card, the country aims to welcome 2,00,000 international professionals and technical workers.
How will the Global Elite Card help the foreign professionals? Well, as per an Investment Migration Insider report, with this new card, Taiwan will offer permanent residency to the professional within one year of staying in the country. This is much faster than the existing Gold Card which requires three years for the same.
Foreign professionals with an annual salary of more than TWD 6 million (₹1,57,23,074) can apply for this new card. The card will also allow people to get work permits for their spouses and enable unrestricted stays for dependent relatives.
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Remote Workers Can Also Apply For Digital Nomad Visa In Taiwan
The new Global Elite Card isn’t Taiwan’s only step to attract foreign professionals. They have also announced their plans to launch a Digital Nomad Visa for freelancers and remote workers. This visa will allow working professionals to stay in Taiwan for up to six months.
The Taiwanese government hopes that people with this type of visa will also be welcomed to enjoy permanent residency in the country. However, the process for the same hasn’t been announced yet. According to the Investment Migration Insider report, Taiwan aims to welcome more than 1,00,000 remote workers in the country with this new visa.
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It is to be noted that the specifications and process for the applications of Taiwan’s Global Elite Card and Digital Nomad Visa are yet to be announced.
Cover Image Courtesy: Canva (representative image)
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