Tue, Mar 25, 2014 - Page 4 News List

TRADE PACT SIEGE: Agency disputes claims in ad about PRC immigration

Staff writer, with CNA

The government does not allow People’s Republic of China (PRC) nationals to immigrate to Taiwan based on investment, the Ministry of Economic Affairs’ Investment Commission said.

The commission made the statement to counter a recent advertisement claiming that PRC nationals can immigrate to Taiwan for a fee of 48,000 Chinese yuan (US$7,740) and receive benefits such as National Health Insurance coverage and 12 years of state-funded education for their children.

Dismissing the advertisement as a scam, the commission said Taiwan accepts investment-based immigration applications from some foreign nationals, but not from PRC citizens.

Meanwhile, PRC nationals who own real estate in the nation are allowed to stay no more than four months per year, it said.

Chinese companies with investments in Taiwan can assign executives and technical staff to Taiwan who can obtain only one-year multiple exit and entry permits. These would be renewable in the second year only if their employer achieves sales of NT$10 million (US$326,500), it said.

As of the end of January, Chinese companies had invested in 495 projects worth US$879 million in Taiwan, it said. There were 264 executive and technical staff and family members of PRC nationality in Taiwan, it added.

On concerns that allowing PRC nationals to buy real estate in Taiwan would drive up property prices, the Ministry of the Interior (MOI) said the government has imposed strict restrictions on such purchases, which would have to be jointly screened by the MOI, the Mainland Affairs Council, the Ministry of National Defense and the National Security Bureau, and could only be made based on residential or business needs, the MOI said.

To prevent housing speculation, resale would be permitted only after three years, it added.

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