Taiwan and Entrepreneurs: The Spirit of Startups
Taiwan has taken a few new steps towards further engaging foreign workers and foreigners in general. With the development of the entrepreneur visa, Taiwan has been doing a good job at attracting entrepreneurs to the island. The entrepreneur visa allows the holders to reside in Taiwan for one year, allowing them to set themselves up to do business. This comes at a time Taiwan is trying to attract foreign talent to the island. There have also been significant changes in employment law for foreign talent to work and gain employment in Taiwan.
Taiwan is expecting international corporations to set up offices in Taiwan given the stability and capability of managing the COVID-19 pandemic. It has been said that Taiwan offers a great business environment, the rule of law as well as efficiency that will attract people to migrate to the island. Taiwan has been managing the pandemic very effectively, so it has seen an increased interest in people wanting to relocate to the island.
There has been an increase of applications for residency permits in Taiwan the South China Morning Post has reported. According to the SCMP, a total of 792,401 foreigners had obtained residency in 2020. This has been an increase compared to previous years.
Taiwan has developed its new entrepreneur visa, which allows for one year of residency to set up a business. It can be applied from within Taiwan on a visitor visa or visa free entry permit. It can be very easy to get and the success rate of applications is actually quite high. It is a great way to enter Taiwan to set up a business or to gain residency on this friendly island.
Taiwan can do more to attract foreign talent. The most obvious way is to modernize Taiwan’s immigration law to make it easy for migrants to relocate, specifically the ability to apply for additional benefits such as permanent residency. Access to the same governmental and financial services as citizens would give foreigners more of a safety net to stay in Taiwan for a longer period of time, perhaps for their entire lifetimes.
Why do people choose Taiwan?
It can be surely said that Taiwan offers a safe, stable and friendly working environment. In addition to great infrastructure, it offers a vibrant culture and stable economy that is still churning every day despite the ongoing pandemic. With this in mind, more and more migrants are choosing Taiwan to do business. It has been previously reported that international corporations are moving from mainland China to Taiwan. This is good news for the island as it is now talent hungry and eager for people to come and do business with the island.
Taiwan offers a lot of opportunities and comforts for startups. Taiwan does a lot of this catering as it provides a safe environment, plenty of infrastructure, fast and reliable internet access and efficiency. Taiwan offers a safe legal system for startups and corporations to operate within.
