EMPLOYER OF RECORD IN TAIWAN
Expand your orbit in Taiwan.
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Taiwan at a glance
NT
Currency, New Taiwan Dollar
8M
Population
1.7T
Economy
Mandarin
Language
15th
Ranked Ease of Doing Business
Monthly
Payroll cycle
Benefits of hiring in Taiwan
Taiwan is one of the Four Asian Tigers and is the 11th most free economy in the world, according to the 2020 Index of Economic Freedom. The Taiwanese government recently simplified the foreign investment process, making it easier for international companies to set up and operate. The World Bank ranks Taiwan 15th in the world in terms of ease of doing business.
Taiwan has seen steady GDP growth for the past five years, earning top marks for macroeconomic stability in the most recent WEF (World Economic Forum) Global Competitiveness Report. The WEF ranks Taiwan as the 12th most-competitive economy in the world.
Known for its culture of innovation, Taiwan boasts a tech-savvy workforce. Global tech leaders like Microsoft, IBM, and Google rely heavily on Taiwanese workers, who make 90% of the world’s laptops and 70% of the world’s integrated circuits. Taiwan also ranks third globally in patent applications and fifth in research and development.
Taiwan has seen steady GDP growth for the past five years.
Wages and salaries in Taiwan
As of January 1, 2021:
Minimum hourly wage is NT $160.
Minimum monthly wage is NT $24,000.
Leave entitlements in Taiwan
Female employees who have completed more than six months of service are guaranteed eight weeks of maternity leave.
Female employees with less than six months of service are guaranteed eight weeks of maternity leave at half their regular salary.
The Act for Gender Equality in Employment provides pregnant employees with increased rights at work. Pregnant employees can request to be reassigned to lighter work. For breastfeeding employees with children under two years of age, employers must grant an extra 60-minute break per day, along with an additional 30-minute break if overtime work exceeds one hour.
Termination and notice periods in Taiwan
The LSA requires that employers provide employees with due notice before terminating employment. The notice periods are as follows:
Notice Period | Employment Time |
|---|---|
None | Less than three months |
10 days | Between three months and one year |
20 days | Between one and three years |
30 days | More than three years |
Employers can avoid notice period requirements when an employee:
- Commits acts of violence against the employer, other employees, or the employer’s family
- Falsifies information that led to his or her hiring
- Breaches his or her employment contract
- Intentionally damages or abuse employer property
- Disclose the employer’s confidential information
- Take excessive and unjustified time off work (either three consecutive unexcused days or six unexcused days per month)
- Commit illegal acts which result in imprisonment
Employers are required to pay employees severance. Employees are entitled to one month of severance pay for each year they have continuously worked for an employer. An employer must provide severance pay proportionate to the months worked for employees who have worked for less than one year.
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