Immigration investor scheme not for China
By John Liu, The China PostTAIPEI, Taiwan -- Mainland Chinese people are not eligible to enroll in the immigration investor program or apply for permanent residency, but may obtain a permit to enter and exit Taiwan multiple times within a year, the Ministry of Economic Affairs' (MOEA) Investment Commission said yesterday.
August 22, 2013, 12:04 am TWN
An advertisement with the slogan “Immigrate to Taiwan easily with a 3-million-yuan investment” appeared online recently, placed by mainland immigration brokers.
Democratic Progressive Party Legislator Chen Chi-mai (陳其邁) has expressed concern that mainland Chinese immigration may take a toll on the local job market and the nation's health care system.
Immigrant Investor Program
In order to qualify for the immigrant investor program, foreigners have to make an investment of at least NT$15 million and create five or more jobs in Taiwan for three consecutive years.
During the first half of the year the government approved three immigrant investor programs, allowing a total of 11 foreigners from the U.S., Canada and South Korea to enter Taiwan, according to Interior Ministry statistics.
Rules for Chinese Investors
Mainland Chinese people have been allowed to make investments in Taiwan since June 2009, according to the Investment Commission, which added that the number of Chinese workers allowed to enter Taiwan depends on their investment amount and their firms' revenues. Within a year of the firms' establishment, the National Immigration Agency will issue multiple entry and exit permits to mainland Chinese workers that are good for one year.
From the second year on, mainland workers may apply for new permits, only if the invested firms maintain normal operations with revenue reaching NT$10 million. The entry and exit permits cannot be extended without restrictions, the Investment Commission said.
Close Inspection of Firms
The National Immigration Agency and the Investment Commission will pay both scheduled and unscheduled visits to mainland Chinese companies to check if they are in any way conducting activities that may influence national security or public interest. Chinese executives, managers, supervisors and technicians will also be examined to ensure they are not engaging in any unlawful deeds.
If any Chinese firms are found to be engaging in unlawful activities, their investment immigration status will be revoked, while related personnel will be forced to leave the country.
Some scholars from China previously said that with such a stringent verification process, Taiwan can only attract limited investment from China, and that the government of Taiwan should further loosen up the regulations.
Chinese scholars said that only a few areas are open to Chinese investors, which is affecting the scale of investment from across the strait. In addition, the government of Taiwan usually takes extended period of time to verify the identity of Chinese executives coming to Taiwan, slowing down the application process.