But various hurdles to achieving foreign talent integration remain.
Conditions for the more than 30,000 foreign white-collar professionals working in Taiwan have drastically improved in recent years, thanks to a combination of new laws, government initiatives, and an increasing demand for foreign talent in innovative industries. Obstacles to obtaining work authorization have been reduced and new opportunities are emerging in a broad range of sectors.
Nevertheless, numerous challenges remain. Outdated criteria for work permit qualification tends to limit the job options for many high-potential junior foreign professionals or recent graduates of overseas universities. High capitalization requirements prohibit certain businesses – especially those in Taiwan’s burgeoning startup scene – from legally hiring foreign talent. A lack of concise, accurate information available to both jobseekers and hiring companies makes the process of integrating foreign talent into Taiwan’s workforce a tough task.
In addition, although Taiwan’s government within the past several years has begun offering some very attractive grant, study, visa, and residency options for foreign professionals, the domestic promotion of these options has been insufficient. Foreign professionals residing in Taiwan are therefore often unaware that many of these opportunities even exist.
The Talent Circulation Alliance, in its 2020 Talent Circulation White Paper, recommends that in order to resolve these issues