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Taiwan is a country in east Asia located in the northwestern Pacific Ocean, consisting of 168 islands. The main island is Taiwan has mountain ranges dominating the eastern 2/3 of the island, and the western 1/3 has plains where its urbanized population is concentrated.
Taiwan is claimed by the People’s Republic of China, which refuses diplomatic relations with countries that recognize Taiwan, but the country maintains official diplomatic relations with 13 out of 193 UN member states.
The minimum wage is TWD 26,400 per month or TWD 176 per hour, and a standard workweek is 40 hours at 8 hours per day. Overtime work is usually paid between 134%-267% of the regular salary.
Pregnant employees are entitled to 8 weeks of maternity leave, which is normally taken as 4 weeks before the due date and 4 weeks after the birth. Fathers are entitled to 7 days of paid paternity leave.
Employees in Taiwan are entitled to 2 types of sick leave. Regular sick leave can be taken for up to 30 days, and is paid at 50% of the regular salary. For serious health issues requiring hospitalization, employees can take up to 1 year of unpaid leave.
Taiwan has 15 public holidays, and employees are entitled to paid time off each year, the length of which depends on how long they have worked at their company.
Employees can also take leave for marriage, civic duty, bereavement, and others.
Employment contracts can be terminated with just cause, as long as a notice is provided before the termination comes into effect.
Notice periods for terminations depend on how long an employee has worked at their company:
Employees in Taiwan are usually entitled to 0.5 months of wages for every year of continuous employment at their company.
It is customary to pay a 13th-month salary bonus in Taiwan, generally during the Lunar New Year.
★ 7.35% - Labor Insurance
★ 6% - Pension Fund
★ 1% - Employment Insurance
★ 3.1% - Health Insurance
★ 0.2% - Accidental Insurance
You've sourced a full-time employee or contractor located in a country where your company is not incorporated.
Pass us the details of your candidate and we will let you know exactly what it costs to employ your candidate in that country.
Sit back and relax as we onboard your new team member and take care of all the local compliances and admin work.
It can be prohibitively expensive to establish an entity in every country you want to hire talent in, so Remofirst will hire and pay your employee on your behalf while you manage their daily duties. Remofirst will handle formal HR procedures and employment contracts that adhere to local laws, so that you can simply approve invoices via our platform. When you work with an Employer of Record (EOR) you can compliantly hire the best employees around the world.
Unlike full-time employees, contractors work on projects with multiple companies at a given time and are technically self-employed. Full-time employees are solely focused on their employer and usually receive benefits (such as health insurance, equity or stock options, and time off) as an additional form of compensation. While it can be cheaper to work with international contractors instead of paying benefits to a full-time employee, you run the risk of misclassification. It's recommended to work with an EOR for contractor onboarding and payments, so you can know that your international contractors are paid compliantly and on time.
