Part 1. Your business entity has received Taiwanese or foreign venture capital investment of NT$ 2 million (USD 63,000) or more.
Q: Should this investment be related to the purpose of my Entrepreneur Visa?
A: Yes, it has to be related to the purpose of your Entrepreneur Visa.
Q: Is it enough that one of the team members have previously ever been invested by a professional VC?
A: Unfortunately that’s not enough, it has to be your team that received the investment. And the investment has to be related to the purpose of your Entrepreneur Visa.
Q: Which Venture Capital firms (VC) are qualified?
A: There is no one way to qualify an investor. In Taiwan, a VC usually has terms such as “Venture Capital, “VC” or “investment” in their formal company name. This would be the easiest way to identify a qualified VC. If it’s hard to tell from the company name, another way to prove it is to show from their business license that they are approved by the government to make investments in Taiwan.
Other ways to prove the information could be to provide MOEA with news articles or other documents. It is up to MOEA to decide if they are convinced.
Part 2. Your team has received domestic or foreign venture capital or funding via a qualified crowdfunding platform of at least NTD2 million.
Q: Does the entity receiving the crowdfunding have to be the one related to the purpose of the Entrepreneur Visa?
A: Yes, it has to be related to the entity used to apply for the Entrepreneur Visa.
Q: Is it enough that one of the team members have previously received crowdfunding?
A: No, has to be THIS team.
Q: What are the recognized platforms?
A: There is no specific list, just apply and introduce the platform you have used.
Part 3. Your new entity gets selected into a government approved incubators, accelerators or national entrepreneurial park.
Q: Is this entity supposed to be related to the purpose of the Entrepreneur Visa?
A: Yes, has to be the entity used to apply for the Entrepreneur Visa.
Q: What are the qualified incubators/accelerators?
A: View the list here: http://www.moeaic.gov.tw/businessPub.view?lang=en&op_id_one=6
Part 4. You or one of your partners are holding patents from outside of Taiwan
Q: I am the inventor but not the owner, am I qualified?
A: No, you and your team have to own the patent.
Q: If I were granted the patents a long time ago, does it count?
A: Yes, there’s no specific regulations about time, as long as it’s related to your Entrepreneur Visa.
Q: If I apply as a team but only one person owns the patent, does it count?
A: No, it’s has to be owned by the team applying for the Entrepreneur Visa.
Q: Who is going to assess the eligibility of my patents?
A: Intellectual Property Office, Ministry of Economic Affairs – https://www.tipo.gov.tw/
Part 5. You or one of your partners have won an international startup or design competitions such as IDG Demo Show, Red Dot, iF design.
Q: Does it have to be related to EV entity?
A: No, as long as the winner is one of the team applying for the Entrepreneur Visa it is enough.
Q: If I apply as an individual, is it enough to show that I am the winner?
A: Yes, if you are only one person applying, then if you ever received such an award, it would qualify you for the Taiwan Entrepreneur Visa.
Q: If I apply as a team, should I prove it’s the team that won?
A: Yes, if you are a team, your TEAM has to received an award for a product you developed.
Part 6. Renewing the Entrepreneur Visa.
Q: What are the requirements for renewals?
- 1) If your revenues of the first year is at least NT$3 million.
- 2) If your operating costs of the recent three years is at least NT$1 million.
- 3) Hire more than 3 Taiwanese employees
Q: How long should I stay in Taiwan to get renewals?
A: For every year, you have to stay at least 183 days in Taiwan to be eligible for renewals.
Q: What happens to me if I failed to reach the requirements for renewals?
A: You could consult with Investment Commission, tell them about your situations and they will decide.
Part 7. Working and getting paid in Taiwan.
Q: Am I allowed to work in Taiwan? Can I get paid?
A: You are allowed to work for as long as it’s related to your purpose of your visa. However, you couldn’t get paid unless you have work permit which allows you to receive money inside Taiwan.
Q: How can I get paid?
A: First, you should apply for work permit.
Part 8. If I wish to start a business in Taiwan?
Q: Am I allowed to be the legal responsible person (fuzeren) of my company?
A: Yes, one of the requirements for EV holders to register a business in Taiwan is one of the team members have to be the legal responsible person (fuzeren) of your company.
Q: What should I know when I start a business in Taiwan.
A: The Dos and Dont’s of Starting a Business in Taiwan.(sources : http://www.startabusinessintaiwan.tw )
Q: Should all of the team members join the company?
A: Depends on their role in your company. Whether they will be fuzeren, chief officers of each departments or employees.
Q: How can I hire foreign employees?
A: It’s easier for entrepreneur holders and companies to hire foreign employees. You may refer to the chart below.
Full instruction on how to hire foreign entrepreneurs are in here:
|Requirements for companies||Revenue requirement: NTD 10millions
Paid-in capital: NTD 5 millions
|Requirements for foreign employees||Minimum salary: NTD 47,963
Hold at least a bachelor degree
At least 2 years of working experiences
|Minimum salary: NTD 47,963
Hold at least a bachelor degree
Part 9. Others
Q: Can I change to another visa while holding entrepreneur visa?
A: Yes, you can. As long as you fit the requirements for another and apply through the responsible authorities. See more about Taiwan visas here: https://www.boca.gov.tw/np.asp?ctNode=776&mp=2
Q: What happens after the 3 years of Entrepreneur Visa?
A: After the third year, you hopefully have built up your start-up so it can hire you and provide you with a work permit and a visa. After two more years in Taiwan, a total of five years, you can apply for Permanent Residency.
Q: 3.How about family members?
A: After getting Entrepreneur Visa, the holder’s spouse and children (under 20) can apply for the Dependent Visa.
Q: Can my family find schools or jobs in Taiwan?
A: There are some information you could refer to.
Q:How to extend the Entrepreneur Visa?
A:Meet at least one of the criteria below:
(1)The sales revenue of the business for the most recent year, or the average for the most recent 3 years, is at least NT$3 million.
(2)The operating expense of the business for the most recent year, or the average for the most recent three years, is at least NT$1 million.
(3)Employ at least 3 full-time Taiwanese nationality employees.
(4)Contribution to Taiwan’s development.