Foreigners, with the exception of Chinese nationals, who invest a certain amount of money in Taiwan would be eligible for permanent-residency status, according to the Executive Yuan's preliminary review of the draft immigration law (
Currently, only foreigners who make a special contribution to the nation or high-technology specialists are eligible for permanent-residency status
The draft would also adopt a more lenient approach toward foreigners who fail to carry their picture identification.
According to a Cabinet official who asked not to be named, no annual quota would be set for investment-related immigration.
"Interested people meeting certain criteria could file their application," the official said, adding that the criteria would be specified in a separate regulation.
Those wishing to emigrate to the US are required by the US government to invest US$1 million, the Canadian government requires C$400,000 (US$299,267), the Australian government A$1 million (US$689,100), the New Zealand government NZ$1 million (US$597,200) and the Singaporean government S$1.5 million (US$870,171).
While the US government sets an annual quota of 10,000 people, the other countries do not have a quota.
Taking human rights into consideration, the official said, the draft would loosen regulations requiring foreigners to show their picture identification.
"The draft stipulates that only those refusing to show their identification would be punished," the official said.
Foreigners who fail to show their visa or residence permit to authorities are subject to a fine of between NT$2,000 and NT$10,000.
As the Cabinet has approved the draft organic law of the immigration office (
While the immigration office would improve the downstream management of immigrants, the immigration law and the guidelines on immigration policy would outline upstream foreign population policies.
The Cabinet approved the draft bill of the organic law of the immigration office early last month. If approved by the legislature, the immigration office will be established under the Ministry of the Interior to handle the screening of potential immigrants from China, Hong Kong and Macao as well as overseas Taiwanese lacking household registration records.
The office would consist of nine divisions and 1,640 staffers. The investigation squad, encompassing 10 teams and 25 sub-teams, would be responsible for investigating and deporting people for violations.
The Ministry of Transportation and Communications yesterday inaugurated the Danjiang Bridge across the Tamsui River in New Taipei City, saying that the structure would be an architectural icon and traffic artery for Taiwan. Feted as a major engineering achievement, the Danjiang Bridge is 920m long, 211m tall at the top of its pylon, and is the longest single-pylon asymmetric cable-stayed bridge in the world, the government’s Web site for the structure said. It was designed by late Iraqi-British architect Zaha Hadid. The structure, with a maximum deck of 70m, accommodates road and light rail traffic, and affords a 200m navigation channel for boats,
PRECISION STRIKES: The most significant reason to deploy HIMARS to outlying islands is to establish a ‘dead zone’ that the PLA would not dare enter, a source said A High Mobility Artillery Rocket System (HIMARS) would be deployed to Penghu County and Dongyin Island (東引) in Lienchiang County (Matsu) to force the Chinese military to retreat at least 100km from the coastline, a military source said yesterday. Taiwan has been procuring HIMARS and Army Tactical Missile Systems (ATACMS) from the US in batches. Once all batches have been delivered, Taiwan would possess 111 HIMARS units and 504 ATACMS, which have a range of 300km. Considering that “offense is the best defense,” the military plans to forward-deploy the systems to outlying islands such as Penghu and Dongyin so that
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest foundry service provider, yesterday said that global semiconductor revenue is projected to hit US$1.5 trillion in 2030, after the figure exceeds US$1 trillion this year, as artificial intelligence (AI) demand boosts consumption of token and compute power. “We are still at the beginning of the AI revolution, but we already see a significant impact across the whole semiconductor ecosystem,” TSMC deputy cochief operating officer Kevin Zhang (張曉強) said at the company’s annual technology symposium in Hsinchu City. “It is fair to say that in the past decade, smartphones and other mobile devices were
‘CLEAR MESSAGE’: The bill would set up an interagency ‘tiger team’ to review sanctions tools and other economic options to help deter any Chinese aggression toward Taiwan US Representative Young Kim has introduced a bill to deter Chinese aggression against Taiwan, calling for an interagency “tiger team” to preplan coordinated sanctions and economic measures in response to possible Chinese military or political action against Taiwan. “[Chinese President] Xi Jinping [習近平] has directed the People’s Liberation Army to be ready to invade Taiwan by 2027. China has a plan. America should have one too,” Kim said in a news release on Thursday last week. She introduced the “Deter PRC [People’s Republic of China] aggression against Taiwan act” to “ensure the US has a coordinated sanctions strategy ready should
RSS