Chinese employees will be able to work in Taiwan more easily after the relaxing of rules on internal transfers of employees in Taiwanese-owned multinational corporations took effect on Friday.
The Executive Yuan on Friday published the revised rules in its gazette, which will benefit 295 Taiwanese firms, including Hon Hai Precision Industry and Advanced Semiconductor Engineering.
About 6,067 Chinese professionals have been permitted to work in Taiwan via internal transfers since the ban on employment of Chinese workers in Taiwan was lifted for certain multinational firms in 2003.
Under the old rules, foreign-owned corporations were eligible if they met one or more criteria.
The firms must have global assets of US$2 billion or more, have an enterprise headquarters operations certificate issued by the government, employ more than 100 Taiwanese, more than 50 of whom must have at least a junior college degree, generate annual sales revenue of more than NT$1 billion (US$33.37 million) or annual regional sales revenue exceeding NT$1.5 billion.
Under the revised rules, Taiwanese-owned corporations are now also eligible to conduct internal transfers of Chinese employees as long as they have an enterprise headquarters operations certificate issued by the government, but are not subject to the other criteria.
For Taiwanese-owned multinational firms, the new rules could mean an additional 8,850 Chinese workers annually if each eligible company transfers employees from China up to the maximum allowed quota — 10 employees are permitted to stay in excess of one year, and 20 for stays of less than a year.
There is no limit on the number of transfers of Chinese employees for firms owned by investors from other countries such as Macau or Hong Kong.
Taiwan is to grant work permits of up to three years to Chinese employees of Taiwanese-owned firms, extendable by another three years, with no upper limit on the number of renewals, which is in line with the rules for foreign-owned corporations.