Taiwan opens its borders as Covid-19 restrictions begin to ease, welcoming foreign professional talent recruitment under the Employment Gold Card visa and work permit.
As Taiwan adjusts to the new normal and in its attempt to mitigate the effects of the ongoing pandemic on the employment sector, the nation has opened its border to foreign professionals. The Taiwan Employment Gold Card visa and work permit will facilitate the recruitment of higher calibre foreign workers, aspiring to boost employment and innovation for local establishments, as well as large corporate bodies in the nation.
Once a safe harbour from the influence of the pandemic, Taiwan was left isolated in 2021 as it enforced strict prevention and quarantine measure to safeguard the country. However, witnessing the rise of the Omicron variant around Asian nations, it adopted a co-existence model to display Taiwan’s readiness to rejoin the global competition for talent and stabilise its economy this year. It aims to enhance existing policies to attract foreign work migration to the city.
Under the Act for the Recruitment of Foreign Professionals launched in 2018, the Employment Gold Card offers flexible visas and permits to work and live in the state. It targets the recruitment of high-end professional talents, as means of boosting national competitiveness, among neighbouring as well as international countries. The 4-in-1 card, includes a resident visa, work permit, Alien Resident Certificate (ARC), and re-entry permit, allowing individuals to vacate and re-enter the country over the course of 1-3 years.
Furthermore, the Employment Gold Cardholders can enjoy fast-tracked proceedings to permanent residency, with the shortened requirements of the flexible and open visa, from five years to three years.
The aftermath of the pandemic has prompted talent wars in Asia, hinting at the next Great Migration driven by escalating trends of technological advancements and electronics. Five tech powerhouses in Taiwan announced job opportunities tallying 14,500 positions in just the semiconductor and hardware manufacturing sector. In addition, software giants Google and Microsoft have recently installed new data centres in Taiwan, this alone raised 1,000 listings on Linkedin.
A report from Human Resources service provider Randstad predicted that by 2025, workers in contract, temporary, consultant, or freelance vocations will ascend by up to 70%, highlighting the shift from traditional full-time employment to a preferred gig economy. The Employment Gold Card initiative has both the capability and capacity to accommodate the transformative workforce trends.
Despite expecting Covid-19 cases to peak, instead of closing off again, the nation plans to remain open. Regulations will continue to relax over time, to further drive talent migration to Taiwan this year.
For more information, visit www.goldcard.nat.gov.