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Invigorate the domestic economy and relax the conditions for Hong Kong and Macao entrepreneurs to apply for entry to Taiwan

Published: 2024-11-06 Author: mysheen
Last Updated: 2024/11/06, In order to promote domestic economic development and attract outstanding Hong Kong and Macao talents to start businesses in Taiwan, the Ministry of the Interior approved the draft amendment to the measures for Hong Kong and Macao residents to enter Taiwan and stay and settle down on June 11, adding Hong Kong and Macao entrepreneurs.

Invigorate the domestic economy and relax the conditions for Hong Kong and Macao entrepreneurs to apply for entry to Taiwan

In order to promote domestic economic development and attract outstanding talents from Hong Kong and Macao to start businesses in Taiwan, the Ministry of the Interior approved the draft amendment to the measures on permits for Hong Kong and Macao residents to enter Taiwan and stay and settle in Taiwan on June 11. it is added that entrepreneurs from Hong Kong and Macao can apply for residence and settlement in Taiwan for a continuous period of five years, and those who meet the requirements should apply for settlement, so as to attract Hong Kong and Macao residents to come to Taiwan to start a business.

The Ministry of the Interior said that in coordination with the Executive Yuan's "Promotion of Entrepreneurship Visa Program", in order to improve the incentives for entrepreneurs to come to Taiwan, combine international creativity with local resources, and activate domestic entrepreneurial activities and economic growth momentum, amend articles 17, 26 and 30 of the measures on permits for Hong Kong and Macao residents to enter Taiwan and stay and settle in Taiwan, giving Hong Kong or Macao residents a source of residence and settlement for innovation and entrepreneurship in Taiwan. To facilitate Hong Kong and Macao residents to come to Taiwan to start businesses and invigorate the economy.

In this amendment, new Hong Kong and Macao residents have been examined and approved by the Ministry of Economic Affairs for innovative entrepreneurial reasons, and may apply for residence in Taiwan. In addition, in order to balance the retention period with foreign entrepreneurial homes, the initial approved residence retention period is one year, and the subsequent residence can be extended for two years according to entrepreneurial achievements. in addition, those who have been allowed to stay for five consecutive years and have resided in Taiwan for more than 183 days a year can apply for settlement.

The Ministry of the Interior pointed out that the draft amendment will be submitted to the Executive Yuan for approval and promulgated in accordance with the legal procedures.

▲ invigorates the domestic economy and relaxes the conditions for Hong Kong and Macao entrepreneurs to apply for entry to Taiwan

 
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