Taiwan
Resident visa for investment
You must invest $200,000 in Taiwan in an active business, investment fund or any investment that is deemed to contribute to the country’s economy. You will keep your residency permit as long as you maintain the investment and live 183 days per year in Taiwan. Your dependents may also obtain residency, tied to your residence permit.
After 5 years of consecutive legal residency, you may apply for a permanent residence permit. To qualify, you must have been physically present in Taiwan for at least 183 days each year, your monthly income must be at least twice that of the minimum wage set by the council of Labor Affairs and your net worth must be valued at over NTD5,000,000.
Alternatively, you may apply for Permanent Residency if you have invested NTD15,000,000 in a business and created 5 full-time jobs for ROC nationals over 3 years, or have invested NTD30,000,000 in ROC government bonds for over 3 years. Under this scheme, you will not be required to be physically present in Taiwan during your residency.
After 5 years of consecutive legal residency, you can also apply for naturalization. Each application is handled on a case by case basis, but usually you will be required to be a tax resident for at least 5 years, have no criminal background, as well as pass an exam of the Chinese-Mandarin language, Taiwan's laws and regulations, be a skilled professional and demonstrate an ability to support yourself financially (with twice the minimum wage and a net worth over NTD5,000,000).
Requirements
Original and one photocopy of proof of investment issued by the Investment Commission, Ministry of Economic Affairs.
Restricted Nationalities
No nationality is officially restricted
dual citizenship
Dual citizenship is recognized in Taiwan. You are not required to renounce your previous nationality to become a citizen of Taiwan.
Documents Required
- Two passport-size photos
- Original and photocopy of passport
- Professional and academic certificates
- Medical Certificate
- Original Police Clearance Certificate
- Documents certifying Business Investment
- Statement of Source of Funds
- Investment Plan
- Business Plan
- dual citizenship Yes
- Family members included No
- land ownership Yes
- Physical residence required Yes
- Personal visit required Yes
- Language skills required No
- Interview required No
- Investment Single $200,000
- Investment Family 4 $200,000
- Minimum annual income -
- Time to citizenship 60
- Time to permanent residency 60
- Visa-free countries 143
- Financing available No
Benefits
citizenship benefits
permanent residency benefits
temporary residency benefits
Country details
The state has about 23 million inhabitants. Its capital is Taipei, and its most populated city is New Taipei City, which surrounds the capital. Its official language is Mandarin Chinese, along with other recognized languages such as Hokkien, Hakka, Formosan languages and Yami. Its official currency is the New Taiwan Dollar (TWD).
Visa Free Travel
Taxes
Individuals who have a domicile in Taiwan and spend at least 31 days in Taiwan are considered tax residents. In addition, foreign individuals who stay at least 183 days in Taiwan are also considered tax-residents, regardless of their permanent domicile.
Tax-residents and non-residents are subject to tax on their Taiwanese-source income.
Tax residents’ income is subject to personal income tax at progressive rates up to 45% on income exceeding NTD 10,310,001. Non-residents are taxed at a flat rate of 18% on income derived from salaries and wages and 20 % on the rest.
Foreign source income may be subject to tax at a flat rate of 20%, if foreign-sourced income is equal to or more than NTD1 million, with basic income exceeding NTD6.7 million. A tax credit may be available for foreign tax paid.
Interest income is usually subject to a final withholding tax of 15%. Dividends received by a tax resident are taxed only once, at the personal level.
Capital gains from the sale of real estate are usually treated as ordinary income and subject to normal personal income tax rates. However, if a taxpayer fulfills certain requirements, taxable income under NTD4,000,000 may be tax-exempt and over NTD4,000,000 may be subject to a reduced rate of 10%. Capital gains from the sale of shares are not subject to taxation.
Taiwan's Executive Yuan announced plans to vote Controlled Foreign Company (CFC) rules into legislation in 2018, however as of 2019, details have not yet been announced and the law has yet to be promulgated.
Taiwan levies a land value tax at progressive rates from 1% to 5.5% on urban and rural lands. A transfer tax between 4% and 6% is levied on the transfer of real property deeds. There is an estate and gift tax on worldwide assets of Taiwanese-domiciled individuals. There is no tax on net worth in Taiwan.
V.A.T. standard rate is 5%. Certain products and services are zero-rated.
Regarding corporate taxation, resident entities are subject to a 20% tax on their worldwide income, irrespective of source. Taxable income up to NTD120,000 may be tax exempt and undistributed profits may be subject to a surtax of 5%.
To learn more about Taiwanese corporate taxation, legal framework and tax treaties, check out incorporations.io/taiwan.
This should not be construed as tax advice. We have access to a global network of qualified attorneys and accountants who can give you the proper advice for your particular circumstances. Contact us for further information.
- Property tax Yes
- Transfer tax Yes
- Inheritance tax Yes
- Net worth tax No
- CFC law Yes
- Tax residency days 183
- Personal income tax rate 45%
- Capital Gains tax rate 45%
- Investment income tax rate 45%
- Territorial taxation Yes