Taiwan, a tiny island nation off the coast of China, is considered one of the best places to live for expats. Utilising a highly developed free-market economy, Taiwan is ranked as one of the wealthiest countries in the world, and it provides a whole host of opportunities and perks for foreign businesses and investors.
Taiwan’s capital city, Taipei, is a major economic hub in East Asia, and many of the nation’s expats are drawn to it. Alongside its business landscape, Taiwan is also home to a vast amount of unique natural beauty. Incredible volcanos, mountains and coastlines are all major elements of Taiwan’s environment.
While expanding a business into Taiwan can pose some challenges, partnering with a Taiwan PEO partner like Procorre Global can expedite and simplify the process.
Taiwan has been subject to a vast range of foreign investment and high productivity, helping it to achieve its position as one of the world’s wealthier nations. Taiwan’s rapid industrial and economic growth in the late 20th century was so unprecedented that is has even been dubbed the ‘Taiwan Miracle’.
Some of Taiwan’s biggest industries include electronics, communications, semiconductors, petroleum refining, chemicals, and more. Many of the world’s top communication and technology firms are regularly establishing branches in Taiwan (Google is one such example), and many expats relocate here every year to find work with leading organisations.
Employees in Taiwan cannot work more than eight hours a day (unless overtime has been agreed) and cannot work more than 40 hours per week. At least two days of rest per week must be provided by employers in Taiwan. Usual business hours in Taiwan are 9:00am till 17:30pm for office staff, and 8:00am till 17:00pm for factory staff. At least an hour’s lunch break must be provided.
Paid annual leave in Taiwan is generally accrued based on an employee’s length of continuous service. This usually works in the following way:
Taiwan celebrates a range of public holidays where employees are not permitted to work. These holidays include:
Taiwan’s culture is heavily influenced by its Confucian Chinese and indigenous Taiwanese roots. The prevalent religious beliefs in Taiwan include Buddhism and Taoism, and the official language spoken is Mandarin.
The business culture is Taiwan in non-confrontational, professional, and polite. Taiwanese people are hard-working and generally work longer hours than most workers in other large economies.
Taiwan, like other countries around the world, was impacted by the COVID-19 pandemic. In terms of public health, Taiwan navigated the pandemic well and managed to curb deaths and infections throughout the country. Economically, Taiwan was impacted negatively by the pandemic, however as of late 2021 its economy began rebounding and growing.
Taiwan, a tiny island nation off the coast of China, is considered one of the best places to live for expats. Utilising a highly developed free-market economy, Taiwan is ranked as one of the wealthiest countries in the world, and it provides a whole host of opportunities and perks for foreign businesses and investors.
Taiwan’s capital city, Taipei, is a major economic hub in East Asia, and many of the nation’s expats are drawn to it. Alongside its business landscape, Taiwan is also home to a vast amount of unique natural beauty. Incredible volcanos, mountains and coastlines are all major elements of Taiwan’s environment.
While expanding a business into Taiwan can pose some challenges, partnering with a Taiwan PEO partner like Procorre Global can expedite and simplify the process.
Taiwan has been subject to a vast range of foreign investment and high productivity, helping it to achieve its position as one of the world’s wealthier nations. Taiwan’s rapid industrial and economic growth in the late 20th century was so unprecedented that is has even been dubbed the ‘Taiwan Miracle’.
Some of Taiwan’s biggest industries include electronics, communications, semiconductors, petroleum refining, chemicals, and more. Many of the world’s top communication and technology firms are regularly establishing branches in Taiwan (Google is one such example), and many expats relocate here every year to find work with leading organisations.
Employees in Taiwan cannot work more than eight hours a day (unless overtime has been agreed) and cannot work more than 40 hours per week. At least two days of rest per week must be provided by employers in Taiwan. Usual business hours in Taiwan are 9:00am till 17:30pm for office staff, and 8:00am till 17:00pm for factory staff. At least an hour’s lunch break must be provided.
Paid annual leave in Taiwan is generally accrued based on an employee’s length of continuous service. This usually works in the following way:
Taiwan celebrates a range of public holidays where employees are not permitted to work. These holidays include:
Taiwan’s culture is heavily influenced by its Confucian Chinese and indigenous Taiwanese roots. The prevalent religious beliefs in Taiwan include Buddhism and Taoism, and the official language spoken is Mandarin.
The business culture is Taiwan in non-confrontational, professional, and polite. Taiwanese people are hard-working and generally work longer hours than most workers in other large economies.
Taiwan, like other countries around the world, was impacted by the COVID-19 pandemic. In terms of public health, Taiwan navigated the pandemic well and managed to curb deaths and infections throughout the country. Economically, Taiwan was impacted negatively by the pandemic, however as of late 2021 its economy began rebounding and growing.
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