Taipei, May 9 (CNA) The Ministry of Labor (MOL) has put on hold a plan to ease restrictions on hiring foreign professionals pending further discussion by the new government that will take office on May 20, Labor Minister Chen Hsiung-wen (陳雄文) said Monday.
Chen told reporters that certain political parties are not in favor of the policy, which was approved by the Cabinet in December 2015, and that his ministry has held several public hearings on the issue but failed to ease their concerns.
For this reason, the MOL has discontinued efforts to promote the plan and decided to pass the issue on to the new government for further discussion, he said.
The MOL had planned to revise regulations that impose restrictions on the hiring of foreign professionals as a way to attract and retain talent.
Under the plan, companies hiring foreign nationals would no longer have to have paid-in capital of NT$5 million (US$152,855) and sales of NT$10 million, and foreign hires would no longer be required to have two years of work experience in their field.
Also, an assessment based on points would be adopted to judge the qualifications of foreign professionals who do not meet the minimum salary threshold set by the government.
Based on a point-assessment system, blue-collar foreign workers who have worked in Taiwan for nine years would be considered "skilled workers," and would be eligible for permanent residency and naturalization after five years.
As for foreign and overseas Chinese students, restrictions involving the paid-in capital and sales of companies hiring them and the existing quota of 2,500 per year would be scrapped.
(By Wu Hsin-yun and Y.F. Low)ENDITEM/ke