Taiwan is a prosperous country with a thriving economy, exceptionally skilled workforce, and one of the world’s most educated populations–the average IQ is 106!
English literacy is high, especially with younger people and in metropolitan areas. Taiwan is approximately the same size as Belgium and 143% larger than Maryland.
Taiwan is an island in the Pacific Ocean with a subtropical climate and a dynamic entrepreneurial spirit. The country ranks highly in terms of freedom of the press, healthcare, public education, and economic freedom.
Local culture values family, face (i.e., respect), and first impressions. Suits are common business attire. Outside of work, golf, ping-pong, basketball, soccer, softball and badminton are popular recreational activities.
The economy is largely export-oriented, so many Taiwanese business people are familiar with global business etiquette. And considering the primary industries are semiconductor manufacturing, information technology, and electronics, it’s not surprising global giants Google, HTC and Asus have major operations in Taiwan.
The World Bank classifies Taiwan as a high-income economy with the following agreements and alliances:
Taiwan’s Ministry of Labor (MOL) created the non-binding Guiding Principles for the Identification of Labor Contracts (the Principles) November 19, 2019
Taiwan labor law references two types of contracts: fixed and non-fixed terms. Both are optional but if preferred, both types must include:
USD equivalent median salaries based on Role:
National Health Insurance
Note: employees may distribute two years of unpaid parental leave as they choose
Holidays (Taiwan celebrates 14 national holidays a year. Some have fixed-dates set on the Gregorian calendar and others are based on the Lunar calendar and thus observed on different dates each year.)
The most important fixed date holidays are
The most important Lunar calendar holidays are