Taiwan authorities are planning to tight immigration requirements for immigrants from Hong Kong and Macau, according to local media.
According to the present regulations, residents of HK and Macau are required to have bank deposits or investments totaling no less than HKD1.28 million.
A report in the media said that Taiwan is planning to increase their investment requirements from the previously mentioned NT$5million (HK$1.28m) to NT$10million (HK$2.56m), an increase of 50 percent.
Immigration to Taiwan became a hot topic in HK last year. The Ministry of the Interior in Taiwan explained that the revision of the regulation has been done in order to avoid any “unpredictable population growth” that it might result in.
In addition, a new rule will allow graduates from the two SARs who obtain working permits to stay in Taiwan. Those who have lived in the region for five years, for no less than 183 days in each respective year, are eligible to apply for residency if their monthly salary exceeds two times Taiwan’s basic salary.
The old rule forbade graduates from staying – they had to return to the SARs and wait for two years before they were allowed to move to Taiwan again.(macaunews)