Taiwan is to extend work permits for Chinese high-tech professionals by two years in an effort to lure talent from China, officials said yesterday.
"Work permits for Chinese professionals in high-tech industries will be lengthened to a maximum of five years from the current three years," an economic ministry official said.
"It is a friendly gesture towards China in hopes to entice more talents from the mainland to help make Taiwan a high-tech research and development center."
The extension, one of many ideas put forward by the Economic Development Advisory Conference (經發會), will apply to Chinese professionals in 18 industries including telecommunications, information technology, aviation, semi-conductors and biotechnology, the official added. The new permits will be available from October.
"The amendment of the new regulation is required to be completed by the end of September, so it is expected to go into effect from October once the Cabinet gives its final approval," a Bureau of Immigration spokesman said.
Other proposals put forward by the national economic conference include easing investment rules and forming direct postal and shipping links with China.
The government-established economic panel, which concluded on Aug. 26, decided to scrap a blanket ban on investment projects on the mainland valued at more than US$50 million in favor of a case-by-case evaluation.
The "no haste, be patient" policy banned single investments worth more than US$50 million and outlawed any investments in infrastructure and advanced technology, although such investments are often made through foreign subsidiaries of Taiwan companies.
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