Wed Sep 25 04:07:18 UTC 2024: ## Taiwan Unveils New Policy to Attract Foreign Talent Amid Labor Shortage

**Taipei, Taiwan** – Facing a shrinking workforce and an aging population, the Taiwanese government is implementing a new policy aimed at attracting highly qualified foreign talent to fuel economic growth. The Executive Yuan has approved the National Development Council’s (NDC) “Enhancement of National Talent Competitiveness Policy,” which includes several key measures to attract both professionals and digital nomads.

**Global Elite Cards for High Earners:**
Foreigners earning over NT$6,000,000 (US$187,513.5) annually will be eligible for “Global Elite Cards,” offering a pathway to permanent residency after one year of living in Taiwan.

**Work Permits for Top Graduates:** Graduates from globally ranked universities will be eligible for work permits regardless of prior work experience. The government aims to recruit 120,000 foreign professionals by 2028.

**Digital Nomad Visas:** Recognizing the post-pandemic trend of remote work, the government is introducing digital nomad visas with a three-month validity and the option for a one-time extension. These visas will allow remote workers to work for both foreign and local companies. They will also be eligible for Taiwan Employment Gold Cards and entrepreneur visas.

**Support for Foreign Talent:** The government plans to offer a one-stop service for digital nomads, providing assistance and strengthening cooperation with local authorities.

**Focus on Six Core Industries:** Premier Jung-tai Cho stated that the policy aims to attract talent and bolster Taiwan’s six core strategic industries, including AI, green technology, and digital humanities. The government plans to cultivate 450,000 talents by 2028, including 120,000 foreign professionals and 80,000 foreign technicians.

**Expanding Global Perspective:** To enhance Taiwan’s talent pool, the government will also be recruiting international students and providing support for local youths to study abroad.

The NDC will be submitting revised recruitment regulations to the Legislative Yuan for review. This comprehensive policy aims to position Taiwan as a hub for global talent and contribute to the development of a “prosperous new Taiwan,” as envisioned by President William Lai.

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