Getting Taiwan’s Entrepreneur Visa in 2020

On July 17th, 2020, Taiwan’s government announced a “fifth and final” automatic extension for foreign nationals stuck in Taiwan due to COVID-19. If you’re looking to stay longer, one way is to find a job. Another way is to work on building your own company, and you can get started on that path by taking advantage of Taiwan’s Entrepreneur visa.

This article is a guide for what to expect when applying for the Entrepreneur Visa.
Our goal is to point you to the right resources, but we remind you to consult with professionals like Futureward,  11th Fleet, EZPermit or ProJoy Immigration if you have any questions.


So you’ve gotten a taste for Taiwan: the beaches, the hot springs, and the tofu. But finding a way to stay in Taiwan to enjoy that tofu can take a good amount of work.

Let’s take a look at some foreigners in that very predicament:

Alex, Ben, and Chris are foreigners recently arrived from the EU who want to set up a business in Taiwan, but want time to work on their business ideas before they formally set up the company, and without the hassle of visa runs. They can apply for the visa either as individuals, or as a group. They can all take advantage of Taiwan’s entrepreneur visa to stay in Taiwan with a valid, multiple-entry visa for one year.

What is the entrepreneur visa?  Do I need to have a company before I apply for it?

The entrepreneur visa was created by the Taiwanese government for the purposes of helping foreigners set up businesses in Taiwan more easily. It allows foreigners to live in Taiwan as they prepare to set up their company. You don’t need to have a Taiwanese company set up before you apply for the visa. And whether you actually do set up that company is up to you – if you don’t, no harm, no foul.

This visa is a good start for our 3 entrepreneurs, Alex, Ben, and Chris. Up to three foreigners can be part of the same entrepreneur application. If they succeed, they can all stay in Taiwan for a year.

Are the requirements for the Entrepreneur visa really strict?

You might think that it might be hard to obtain an entrepreneur visa. But actually, it can be quite easy.

How?

According to the government’s criteria, you have to fulfill just one of the eligibility requirements.

Most of these requirements are pretty heavy-duty. However, if you apply under the fourth requirement, getting the visa is extremely easy:

4. The business was stationed within one year before the application, or is currently stationed in an international start-up park or registered under a project approved by the central government or any local government of the Republic of China.

Basically, that means you just need to work in a government sponsored co-working space to be eligible. So you’ll have to pay a fee to a co-working space or start-up park, so that they’ll agree to “sponsor” your visa, but that’s really the only hurdle!

One good option is Futureward co-working space. They issued the very first entrepreneur visas, so they have the experience and know-how to help you get through the process. Futureward provides 2 options for applying for the entrepreneur visa: 

  • Renting a desk at the co-working space, or 
  • Working from home

There is very different pricing for these two separate options, so please inquire with Futureward for more info.

If Futureward is not close to you, see page 2 of this PDF for a list of other government approved co-working spaces that can help you get the Entrepreneur visa.

What are the costs for getting the Entrepreneur visa?

Depending on your nationality, the Visa and ARC can cost $4,000 – 8,000 NT. On top of that, in order to make use of the co-working space option, you may have to pay $12,000 NT or more for one year of co-working space rental.

What is the timeline for getting the Entrepreneur visa?

The average duration to get the visa (and secure your residency) is 4 – 6 weeks.

Here is a breakdown of the timeline:

  1. 1 day to 2 weeks for a co-working space to approve your rental request and provide you with a rental agreement.
  2. 1 week to get your documents in order
  3. 1 day to submit the documents to BOCA (Bureau of Consular Affairs). Go early to avoid the crowd!
  4. 2.5 weeks for the Ministry of Economics approval process
  5. BOCA will call or email you to notify if you’ve been approved
  6. 1 day to bring your passport to the BOCA office for processing
  7. 1 week until you can come get your passport with your new visa!
  8. You can now stay in Taiwan worry-free
  9. After that you have 2 weeks to get your ARC from the National Immigration Agency. Take your passport, bring a passport photo, the original + a copy of your housing rental contract, and fill out the paper form when you get there.

If my current visa will expire before the Entrepreneur visa process is finished, will I be granted permission to stay until my Entrepreneur visa is processed?

According to Chinese language documentation on BOCA’s website, your visa application will go through the MOEA (Ministry of Economic Affairs) first, in order to check your eligibility. Once you get approval from MOEA, you’ll be called or emailed with the good news. Then you need to submit your passport to BOCA at least 8 days before your visa expires (step f. in the timeline above).

If your current visa expires before then, or if MOEA rejects your Entrepreneur visa application, you will be subject to overstay penalties upon leaving the country. If you overstay less than 91 days, you will be required to pay $2,000 – $10,000 NT, based on your length of overstay, and you will not be granted a visa-waiver or landing visa for one year; this means that you will need to apply for a visa the next time you wish to re-enter Taiwan, if you want to come back within a year.

What else does it take to apply for the Entrepreneur Visa using the co-working space requirement?

It’s quite simple but time consuming to apply for the visa. There are many documents you will need to prepare for the application. The co-working space you work with should be able to help explain them to you if you have questions, but here are the basics:

1) A letter introducing your company and yourself. 

The letter should:

  • Provide info on why you love Taiwan and why you chose Taiwan to open your business
  • Explain how your business will benefit Taiwan (be sure to include any awards you’ve won, newspaper articles, etc.)
  • Explain what your business does that Taiwan doesn’t already have

There is no required format, but you can take a look at our sample letter format here: 

We’ve also included a few real sample letters from successful visa recipients as well. This one is for a digital services provider:

This one is for a consulting service:

Note well: You will also need to get this letter translated into Chinese, so have a friend or professional translator help you with this if you don’t know Chinese.

2) A signed contract from your co-working space indicating that they have agreed to provide you with space.

3) A Letter of Intent (for group applications only) – See this strange sample doc from the government.

4) A General Info Form (for individual and group applications) – Another sample doc from the government

5) You need to fill out the online BOCA Visa Application Form

– When you get to the site click “Confirm & Continue”
– Make sure to choose “General Visa Application”
– Fill out the form, submit it, and remember to print a hard copy for submission

The form asks for your “Planned arrival date” in Taiwan. If you are already in Taiwan, put at least one day in the future. For “Planned date of leaving Taiwan”, it’s a good idea to just put one year from now.

6) Your Passport (also a photocopy of your passport)

7) 2 color passport-size photos (within 6 months)

Take all these forms to BOCA, pay the visa fee, and wait. See the timeline above for timeline details.

If I apply for the visa, will I really get it?

According to government figures, as of Q4 2019, there were ~280 people who applied for the entrepreneur visa: out of those, ~240 people got it. What’s that tell us? With 85% of applicants receiving the visa, it tells us that it’s pretty easy to get. And with such low numbers of applicants over the 4 years the visa has been available, it also tells us that not many people know just how easy it is to get. 

I’ve gotten my entrepreneur visa, what’s next?

Great! You’ve applied via the co-working space requirement or another requirement, and you’ve got your Entrepreneur visa. Congratulations, you can now stay in Taiwan legally for one year! 

You then take your Entrepreneur visa and passport, a passport-size photo, and the original + a copy of your housing rental contract to the National Immigration Agency, and apply for your new ARC. This process takes at least a week. Now you can use your Entrepreneur visa to stay in Taiwan, get started on your own company, possibly work for another company, or do whatever you want, really.  But remember that you’ll most likely need to find another way to stay in Taiwan in one year’s time, unless you can qualify for Entrepreneur visa renewal, which is much harder!

What does the Entrepreneur Visa do for me?

  • Gives you one year of legal residence in Taiwan that counts toward an APRC
  • Allow you to work on your startup in Taiwan legally
  • After 6 months, allows you to enroll in Taiwanese Health Care (get an NHI jianbao card). According to this website:

Those without a fixed employer or family members with whom dependency can be claimed, must, after six months of consecutive residence, enroll through the local administrative office where they reside.

Can I now take money from customers in Taiwan? If so, how?

The best course of action is to get your company set up so that you can invoice customers and pay taxes on your income officially. We recommend you consult an accountant or immigration attorney for more information. 

Can I work for someone else in Taiwan using my entrepreneur visa?

According to section 相關機關 / 一、/ (五) of this Chinese language document:

To sum up, foreigners who are permitted to engage in investment and entrepreneurship activities and provide labor services, or work for others are two different things. Based on the protection of the employment rights of Taiwanese people, even if foreigners hold entrepreneur visas, if they want to be employed in Taiwan to engage in the professional work specified in Article 46 of this Law, the employer shall still apply to this Ministry for permission in accordance with the regulations.

So your potential employer will need to apply for permission, which they may or may not get.

What happens a year from now, when the entrepreneur visas expire?

Let’s say our friends Alex, Ben, and Chris decide to formally set up their Taiwanese company. One year from now, when the 3 entrepreneur visas expire, the team will be faced with a serious situation. They can try to re-apply for the entrepreneur visa, the process of which is very nebulous; to learn more, please read about My Room Abroad’s experience.

If they don’t get their visas renewals approved, everyone is basically on their own. If they’ve set up a Taiwan-registered company by this point, the CEO of the company (in this case Alex) can apply for his own “Company Manager” visa and work permit through the company. In order to do this, the company needs to have 500,000 NTD in the bank.

If Ben and Chris want to get resident visas through the company, the company needs to have 5,000,000 NTD in the bank. In reality, it will be very difficult for a small business to keep this much money in a bank account for a year, and Ben and Chris will have to find another way to stay in the country. They could each set up their own companies (for 500,000 NTD each), but if they don’t have the money to do that, they will most likely have to work under the table if they still want to work on the company.

If the company was set up as a branch office or a representative office, there may be other options available. Hopefully they hired a good accountant and discussed these possibilities with him/her before they started the company.

Is there another, better way for me to stay in Taiwan?

Another type of residency solution that can be easy to obtain is the Taiwan Gold Card, using the Ministry of Economics requirement. The Taiwan Gold Card provides you with:

  • An open work permit (You can work for almost any company without permission from the government, almost like a Taiwanese citizen)
  • Taiwanese healthcare
  • 3 years of legal residence in Taiwan that counts toward the 5 years required in order to gain permanent residency
  • … and more!

Learn more about some real people who have gotten the Gold Card:

The Gold Card can take several months to apply for, so if your visa situation is urgent, you may want to stick to the Entrepreneur visa for now. Most of the requirements for the Gold Card are also very strict, just like the Entrepreneur visa. But there is one slightly easier way to get this visa too.

Check approval method #1: If you made a salary of more than 160K NTD / month in the last three years, you are eligible for the gold card under the “Field of Economy”. This should be very easy for many Canadians and Americans who have real world experience in their home countries. 

2021 UPDATE: It appears that now to be considered under the Field of Economy requirement, you must also have “personal curriculum vitae and document verifying domestic or foreign service relating to employment at an economic company or in an economic field.”
An economic company or economic field is considered to be: “semiconductors, optoelectronics, information and communication, electronic circuit design, biotechnology/medical materials, precision machinery, transportation, systems integration, consultancy, or green energy company in the manufacturing sector or related technology services sectors”.
For more info, please see the Workforce Development Agency’s list of requirements PDF for qualifying under Field of Economics, Sections 1. and 4., or see the related Field of Economics webpage (and click the + symbol next to Section 1. to see the whole list of requirements).

If you meet the requirements for the Taiwan Gold Card, we highly recommend you apply for that instead of applying for the Entrepreneur visa. However, not everyone has extremely specialized experience, or meets the salary requirements. In addition, there is apparently a yearly audit of your finances to see if you still meet the required salary the following year — if you don’t, you may lose your gold card.

 If you live in Taiwan teaching English, or you’re not from North America, it’s unlikely that you meet this requirement. But you could still apply for, and get, the Entrepreneur visa. 

Here’s a list of pros and cons of both residency programs:

Entrepreneur VisaGold Card
+ Takes 4 -6 weeks for the total application process– Can take several months to finish the application process
+ Can live in Taiwan for 1 year, but extending the visa is challenging+ Can live in Taiwan up to 3 years
– Allowed to work for another company if approved by the Ministry of Labor+ Open work permit included (Allowed to work for any company)
– Eligible for Taiwan’s NHI program after 6 consecutive months of residency+ Taiwan health insurance included
+ 3 people can apply together– Only one person at a time can apply
+ Can get easily based on renting space in a co-working space+ Can get easily depending on your previous income, however, there may be a yearly audit of your finances to see if you still meet the required salary
Dependants can join you, but there are no privileges for visiting, non-dependant family+ Dependants can join you, AND visiting parents and grandparents can stay up to one year

The Entrepreneur visa seems very restrictive compared to the Gold Card!

Yes, the Entrepreneur visa really could be modified further to help visa holders build successful businesses. It’s very strange that the visa doesn’t give you more time to bootstrap. As an immigration consultant we contacted noted:

“By the time you’ve got your company set up, you’re so busy trying to gather paperwork to justify your visa renewal, you won’t have time to run your company. I don’t understand why the visa doesn’t give you at least 2 years from the start.” 

Here’s hoping the Taiwanese legislature can extend the Entrepreneur visa length, and provide some extra benefits when receiving the visa, but until then, our newly minted entrepreneurs Alex, Ben, and Chris can still enjoy Taiwan, and its many kinds of tofu, without the need to do visa runs. 

About the Authors

Sean Wilson is Technical Director at All Hands Taiwan.

Claudia Wild is a Managing Director at LemonCube and the head of LemonCube Asia. LemonCube is a digital agency that specializes in E-Learning, Asia Market Readiness, and Digital Strategy.

Carlotta Bertolino, Business Development Manager at Trailit, and Syrena Lin, a Legislative Assistant in Taiwan’s Legislative Yuan, also contributed to this post.

Feedback

  Comments: 29


  1. Can you give insights for foreigners wanting to apply from outside Taiwan? I chose a bad time to do a visa run last year, got locked out.


    • If you’re looking to apply from abroad, you’ll need to get to a TECO or trade office for Taiwan and work with them.


    • Hi ! I am now in Taiwan and working as a migrant worker. (Factory worker). My 12th years working here will due next year June.
      My question is ,as a migrant worker can i apply for an entrepreneur visa?
      Thank you in advance for your answer.


      • That is a fascinating question and it’s the first time we’ve been asked that. The best way to get an answer would be to go to the Bureau of Consular Affairs – where you can apply for the Entrepreneur Visa – and ask them. I would guess that you should be eligible as long as you meet the criteria.


      • Hi! Popping in to see if I can help answer your question.

        I was checking out the BOCA website for more info on the Entrepreneur Visa, and I came across this page: https://www.boca.gov.tw/cp-166-277-41131-2.html

        From the “Notice” section at the bottom:

        “3. Those who currently stay in the R.O.C. (Taiwan) as blue collar workers may not apply for a Resident Visa for Entrepreneur.”

        Seems there are a lot of limitations in place for migrant workers in Taiwan, and this is another example. It’s a shame. But at the end of your employment, perhaps you’d be able to apply? Still worth asking, I think!

        Good luck to you!


  2. Hi thanks a lot for a great article! Got a question pls, I’m about to graduate here and was wanting to set up a company. I do have the initial capital required but the annual revenue of 3 million isn’t applicable for me so I kinda gave up my dream. Now looking for other options to immigrate to Taiwan. Rep. Office was an option too but I know you literally cant do anything nor work on such visa. Then I found your article.
    Now that I’ll graduate I’ll have 1 whole year to stay here and find a job or whatever. Should I wait and fully “use” this privilage and apply for the entrepreneur visa on the last minute at the end of that given year ? Or better I do it now? Thing is I dont want to “waste” that 1 year on another type of visa, cause I can really wait a whole year and find a job and then when no more options apply for the entrepreneur.
    I’m just not sure which option is better?
    In addition, do you know if that time of stay given after graduation (for the purpose of looking for a job) is counted on the 5 years to APRC?

    Thank you!


    • 1. Great question regarding your year after graduation counting towards your APRC. I can’t say for sure (will ask around), but I would think that it does since that’s considered a job seeking visa, correct?

      2. Regarding your timelines, I think it’s really your call. If you want an opinion, yes, I think your idea about working for a year to save a bit more money – but more importantly to network and learn about the market, grants, and other things available to help you in launching your business – is a strong approach. You should then be able to apply for the Entrepreneur Visa with that much more knowledge, experience, money, and market understanding in hand.

      Good luck!

  3. David Edward Lane


    Extraordinarily helpful article. After diligently following all application steps, including securing Futureward’s support, and submitting materials in person at BOCA in Taipei on July 20th, the process seemed move ahead fine. After 10 days, the branch of the MOEA that reviews the application first gave its approval and returned the application to BOCA for further processing. BOCA now informs they’re unable to proceed as normal due to the fact that on July 26th, I reached my 180th day in Taiwan (though I secured an additional special 30 day extension), on a 90-day visa-free entry and three of the subsequent 30 day extensions automatically granted by the government. I specifically obtained an additional 30 day extension via the NIA just prior to applying for the entrepreneur visa in order to have sufficient time for the application process to complete, as well as apply for an ARC. This unfortunately has not proven useful.

    I am here without overstaying, and have submitted all required materials. The fact that 180 days has now been reached appears to be a sticking point, regardless of the added NIA 30-day extension, blocking the visa from processing in normal fashion — that is the best of my understanding from conversations now with BOCA and with the individual in charge of the entrepreneur visa program, a Ms. Cheng, with whom I’ve spoken to directly. BOCA and Ms. Cheng have said they’re unable to provide any details as to what will happen next, including no estimates on when any new information will be available, and seem to have implied (granted there was a bit of a language barrier) they’re waiting on a kind of new directive or such from higher authorities on how to handle a matter such as this. They’ve suggested one option is to return to the US and apply from there, yet this is fraught with added risk at this time when the US postal service is under attack from the Trump administration and office visits to the Los Angeles branch of the ROC representative office are impossible due to its Covid closure (and otherwise unwise as a health risks while California is peaking).

    I’ve suddenly become ensnared in a bit of bureaucracy and am in need of expert consultation on how to proceed. Thank you.


    • Hi David,

      Your situation seems to be in line with what we are also seeing from others posting on Facebook groups about people in your very situation. It’s not yet clear what options you have beyond what you’ve listed. We would recommend that you reach out to EZPermit or ProJoy Immigration to see if they can offer any insights or support.


  4. Is there any downside in applying for both the Entrepreneurship Visa *AND* the Gold Card?


    • It’s probably not possible to hold both as the Gold Card offers you a resident visa and a work permit, but more importantly, there’s no real advantage to having both. The Entrepreneur Visa is a very low-maintenance/low-benefit option. The Gold Card alone gives you more benefits and freedoms.


  5. In the case of entrepreneurs visa, how to proceed if work for another company ?


    • If you legally work for another company, you probably don’t need the Entrepreneur Visa. The point of the Entrepreneur Visa is to help people who are focusing on starting (or have started) their own business and need a visa.


  6. Thanks for the article. It was super helpful.
    I already have my entrepreneur visa, but my accountant is having a hard time understanding how to register my business. Can you share a bit more information on how the business registration paper-workflow works and what I need? I found a government site “onestop.nat.gov.tw” but not sure if it’s reliable. My accountant said I will need to get inspected and the process is not easy? If so, as a startup business what do they actually inspect?

    Any information will help.
    Thanks a lot!


    • Good questions. We don’t (yet) have that kind of instructional guide ready – though you’ve given us the idea – but for you now you might want to check in with the guys who’ve written books about this, Elias Ek and Paolo Lising. Also definitely go to a Taipei Impact Entrepreneur Meetup (they have them every week) and ask around, you’ll surely get answers there.


      • Thanks for the illuminating article!
        There is still something which isn’t clear to me. You mentioned that the applicant should attach a document which introducing his company and the benefits it would bring to taiwan. If I have signed a contract with the incubator and my company isn’t exist, how is it possible?
        Is there a chance that I can omit ‘required document no. 1’ which is introducing my company and still get the visa?

        Thanks!


      • Hi Drory,
        You don’t need to have a company established before you apply for the visa. The point of the visa is to help you start preparing to open your company in Taiwan. In your letter, you should explain to the Taiwanese government what kind of company you wish to open – what you want it to do and how it will benefit Taiwan.

        We believe you will still need all documents as mentioned.


  7. Thank you so much for this article! Do you happen to know what the process should be if there are 4 members of a team attempting to apply for this Visa? Are 2 application allowed for the same company?

    Thank you!


  8. Is this visa available to US citizens with their own companies who are currently outside of Taiwan?


  9. Thanks for this very informative and useful article.

    I’ve actually just got my gold card application approved. I’m not living in Taiwan right now but I’m thinking of relocating there later this year. My intention, after moving to Taiwan, is actually to start my own business (to run a small restaurant) at least during my 3 years of stay provided by my gold card.

    Am I allow to do this with my gold card? What are the things I need to watch out for?

    Thanks in advance,
    Andrew


    • Yes, you can open a company while on a Gold Card. There isn’t much that you necessarily need to ‘watch out for’ so long as you go about setting up your business legally. Having the Gold Card does give you the flexibility to consider whether the company gives you a visa or not, and having the open work permit of the Gold Card would make it easy for you to work for another company while you have your own company, should that become an option for you.


  10. Hi again John,

    Ok its done I’ve graduated and now looking for the right way for me to stay
    I was considering the Gold card or opening a company
    However im afraid I dot have the required conditions or certifications to apply under education or economic fields of the gold card.
    I doubt it since I do have a vast background in these fields and have been working within these environments for the past 10 years or so its just that I dont posses any of those certifications they ask for im kind of clueless now
    Was trying to figure out about registering a company but somehow got to see some info about the required annual revenue which is 3 Million ntd and was kind of shocked as my local friends who graduated with me have also registered companies but they knew nothing about this condition..
    Is it THAT different in case you’re a foreigner or is there some mistake about this detail?
    Do you know about this or can refer me to some accurate-updated information or alternatively to some good CPA with good English…?


    • The Gold Card is a tough option for most. However, anyone can start a company and give themselves a visa through the company. To do this, I believe the stipulation is that you must have at least a NT$500,000 startup investment (which can come from yourself). The revenue stipulations don’t apply for the first few years of your company. The option above does not involve having an Entrepreneur Visa. As the article says, you can apply for and receive the Entrepreneur Visa before you ever start a company, which could be a good option for you as you figure things out. If you did then start a company, you’d probably eventually have to switch over from the Entrepreneur Visa to your company supplying your visa as it is very difficult for most companies to achieve the thresholds needed to extend an Entrepreneur Visa past the first year.


  11. Hello,
    Thank you for this article ! Is the visa available for digital nomad entrepreneurs ?
    Thank you,
    Yéza


    • The visa is available to anyone who qualifies, but you should be aware that it’s quite difficult to meet the requirements to renew the visa after the first year.


  12. Hello!

    Thanks so much for putting all of this information in one place! I’m currently in Taiwan with a work permit supplied by my part-time teaching gig, but I’m hoping to start a business here as well. They’ve been very clear that I am *not* allowed to engage in any work outside of the teaching duties outlined in my work permit, unless I obtain an additional work permit from a new employer.

    My question is—would the Entrepreneur Visa essentially act as an additional work permit for me? I don’t need the visa for residency purposes (I have an ARC from my teaching work permit) but I would like to move forward legally in starting my own business. Do you know whether I am allowed to keep my employment visa and obtain an Entrepreneur Visa simultaneously?

    And if not—do you know who I could ask? 🙂

    Thanks again!


    • The main reason your company says you absolutely can’t work is because they have paid for your work permit (so they think they can command you) but/and even more because they don’t want to lose you to a different employer. A couple of important facts:

      1. You don’t need a work permit for each job that you have. It is true that the company who sponsors your work permit should have first right of refusal if you should ask to let another company use that. But also, the second company may simply be able to piggyback on your existing work permit – this is worth asking the HR people at the second company about.

      2. If you plan to teach and start/run your company at the same time, just keep the ARC and work permit that your company sponsors. For one thing, your new company may not need to employ you, in which case you don’t need to be able to show a work permit to run the company. It would be redundant and unnecessary to apply for the Entrepreneur Visa.

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