Your family can also immigrate to Taiwan with you
No nationality is officially restricted
Dual citizenship is recognized in Taiwan
Washington, March 11 (CNA) The United States Senate passed the Taiwan Allies International Protection and Enhancement Initiative (TAIPEI) Act of 2019 Wednesday with unanimous consent.
The TAIPEI Act, which is aimed at supporting Taiwan's international presence, is now expected to be presented to President Donald Trump for review. The passage comes just one week after the legislation cleared the House floor March 4 with an unanimous vote of 415 to zero.
According to the website of the U.S. Senate, unanimous consent is a situation in which no member present objects to a proposal. A senator may request unanimous consent on the floor to set aside a specified rule of procedure so as to expedite proceedings. First introduced in the Senate by Cory Gardner last May, with Republican Congressman John Curtis unveiling a similar version in the House in October, the bill is aimed at expressing U.S. support for Taiwan's diplomatic alliances around the world amid pressure from Beijing.
The Act authorizes the U.S. State Department to consider "reducing its economic, security and diplomatic engagements with nations that take serious or significant actions to undermine Taiwan." It also calls on the U.S. government to help Taiwan gain participation in international organizations, either as a member or an observer, and expresses its support for Taiwan's international participation when it interacts with Beijing.
Taiwan currently maintains full diplomatic relations with 15 nations. Since 2016, when Taiwan’s pro-democracy president Tsai Ing-wen came to power, eight countries have severed diplomatic relations with Taipei in favor of Beijing, which Tsai described as “part of a series of diplomatic and military acts of coercion” by China. After being re-elected in January by a historic landslide, Tsai told the world that China must face the reality of Taiwan’s independence and that Taiwan deserved the mainland’s respect. “We have a separate identity and we’re a country of our own,” she said in an interview with the BBC.
Taiwan had been an observer at the World Health Organisation (WHO) under the name “Chinese Taipei” since 2009 when the cross-Taiwan Strait relations
were improved under the Ma Ying-jeou administration. However, the status was revoked after Tsai’s election in 2016.
Amid the global health threat of Covid-19, the disease caused by the coronavirus that started in the central Chinese city of Wuhan, the US and China have clashed over Taiwan’s exclusion from WHO meetings. Taiwanese experts did manage to attend a WHO meeting in mid-February, without giving their nationalities.
In addition to the support from the United States, Japanese Prime Minister Shinzo Abe and Canadian Prime Minister Justin Trudeau have expressed their support for Taiwan's involvement as a WHO observer. In January, the US House voted overwhelmingly to approve a bill in support of human rights and environmental protection in Tibet, a measure that awaits a vote in the Senate.
Measures calling for strong US sanctions against Chinese officials over the mass internment of Uygurs and other ethnic Muslim minority groups in Xinjiang have been passed by both chambers and await reconciliation. And in late November, lawmakers in both chambers overwhelmingly approved a bill, which is now law, in support of Hong Kong’s pro-democracy movement.
Your family can also immigrate to Taiwan with you
How to apply Taiwan investment immigration?
Taiwan has a Residency by Investment program. Anyone of any nationality may apply for it. Once you legally reside there for a consecutive five year period, you can apply for citizenship.
The details are as follows;
You need to invest $200,000 in an active business, investment fund in Taiwan or any investment that is deemed to contribute to the Taiwan’s economy. You need to keep the investment and you reside 183 days annually in Taiwan in order to upkeep your residency status. Along with you residence permit, your dependents may also obtain residency.
After 5 years of consecutive legal residency, you may apply for a permanent residence permit. To qualify, you must have been physically present in Taiwan for at least 183 days each year and your monthly income must be at least twice of the minimum wage set by the council of Labor Affairs and your net worth must be valued at over NTD 5,000,000.
Alternatively, you may apply for Permanent Residency if you have invested NTD 15,000,000 in a business and created 5 full-time jobs for ROC nationals over 3 years or have invested 30,000,000 in ROC government bonds for over 3 years. Under this scheme, you will not be required to be physically present in Taiwan during your residency.
After 5 years of consecutive legal residency, you can also apply for naturalization. Each application is handled on a case by case basis,usually you will be required to be a tax resident for at least 5 years, no criminal background, as well as pass an exam of Chinese-Mandarin language, laws and regulations, be a skilled professional and ability to support yourself financially (twice of the minimum wage and net worth over NTD 5,000,000).
TAIWAN Residence by investment
Option 1: Investor
Applicant who invest at least USD 200,000 should apply to the Investment Commission, MOEA, for a certificate of investment first
Option 2: Entrepreneurial Team
An investor team has two options to fulfil the conditions for an entrepreneur visa. If an investor team has not established a business in Taiwan, but fulfils one of the following conditions;
acquired over NT 2 million (USD 65,000) in investments in domestic/overseas investment business; an international funding platform recognized by the Taiwanese government; obtained acceptance into an innovative incubation centre operated directly or in collaboration with the Investment Commission, MOEA
An investor team that has established a business in Taiwan must meet the innovative capabilities criteria set by MOEA and have invested over NT 1 million (USD 33,000) to be eligible for the entrepreneur visa.
If you wish to invest and settle in the Republic of China (ROC, Taiwan), you can apply for a Resident visa for Investment. You must invest $200,000 in Taiwan in an active business, investment fund or any investment that is deemed to contribute to the country's economy.
Taiwan offers a great Taiwan citizenship by investment program that is internationally competitive. Any nationality can apply for it and obtain residency but residents from Hong Kong and Macau are in a special immigration category and can potentially obtain Taiwanese citizenship in as little as 18 months without giving up their original passport.
Benefits of the Taiwan Citizenship by Investment Program:
To qualify for the Taiwan citizenship by investment program you need to invest at least NTD 6 million (~USD 200,000 / ~HKD 1.5 Million) in a private Taiwanese company. There are several choices for your investment targets. Pamir has pre-screened a number of companies that we can introduce to you or you can visit our beautiful island and identify a private company to invest in. Taiwan has a bustling startup community with incubators and accelerators where you might find your new business partners. Another method would be to start a brand new company. All three methods come with pros and cons. What you can’t do is to simply buy an apartment or invest in a company that only have passive income from real estate investments. Investments in publicly traded companies also won’t qualify you for the investment visa.
You need to reside in Taiwan for one year without leaving more than thirty (30) days during that period or reside in Taiwan over two-hundred seventy (270) days for each of two consecutive years. Thankfully, Taiwan is a fantastic country to live in and has been ranked number 1 country in the world for expats to live in for several years. It is common to meet foreign-born residents or citizens who say “I came to live here for just one year and fell in love with the place.
You also need to find a Taiwanese guarantor. This is perhaps a trickier requirement if you do not already have great friends or family in Taiwan. The great news is that any employed adult Taiwanese citizen with their residence registered in Taiwan can act as guarantor. This is a great reason to visit Taiwanese to make new friends.
Your family can also immigrate to Taiwan with you:
Bring your whole family under the Taiwan Citizenship by Investment programYour spouse and children under 20 years old can also obtain residency, tied to your residence permit. They would receive the exact same benefits and rights as the main applicant, as long as they also meet the residence requirement. If you were wondering, pets can also move with you but the process can be complicated and require the animals to be quarantined.
Unfortunately, your parents would not qualify for residency under this program. They could of course make an investment of their own and also put themselves on track to citizenship.
Taiwan has great schools and great healthcare so it offers a friendly and comfortable environment for the whole family, young and old alike.
Benefits of the Taiwan Citizenship by Investment Program:
