Taiwan has decided to enforce stricter residency requirements for immigrants from Hong Kong and China, since residency applications have surged in Taiwan from a mere average of 100 applicants between January to August last year to 632 in the month of September alone.
Now, to qualify as an investment immigrant, you need to have a lot more cash — rather than the previous NT$5 million in bank deposits, now, would-be immigrants must have double that amount, or NT$10 million, in bank deposits.
In addition, Hongkongers are no longer able to apply for residency on the basis that their spouse had a sibling or parent with Taiwanese residency — only direct or blood relatives will be able to apply. But if you are a student, good news — you can apply for residency after studying there for five years.
Source: SCMP
Photo: Wikimedia Commons
