Taiwan EOR Services

Shared Responsibility:

Both employers and employees contribute to the NHI program through monthly premiums deducted from the salary and paid by the employer.

Benefit for Employees:

NHI ensures employees have access to a wide range of medical services, including hospitalization, outpatient care, medication, and preventive care. This reduces their financial burden when seeking healthcare.

Benefit for Employers:

A healthy workforce is a productive workforce. NHI helps keep employees healthy and reduces absenteeism due to illness.

Coverage:

It safeguards employees in case of childbirth, injury, illness, disability, retirement, or death.

Who Pays:

The cost is shared between employers (70%), employees (20%), and the government (10%) for most programs.

Benefits: Depending on the situation, employees may receive financial aid, medical care coverage, pensions, or lump sum payments.

Management:

The Bureau of Labor Insurance (BLI) oversees the program [Bureau of Labor Insurace Website].

Individual Accounts:

Employers contribute a minimum of 6% of an employee's monthly wage to an individual labor pension account managed by the Bureau of Labor Insurance (BLI). This money belongs to the employee and is portable, meaning it goes with them if they switch jobs.

Employee Contributions (Optional):

Employees can voluntarily contribute an additional 6% of their wages to their own account, boosting their retirement income.

Annuity Insurance (Optional):

Businesses with over 200 employees, in collaboration with employees, can choose to offer an annuity insurance program on top of the individual accounts. This provides additional retirement income.

Eligibility:

Most workers under the Labor Standards Act are mandatory contributors, including Taiwanese citizens, foreign spouses, and permanent resident foreigners.

Retirement Benefits:

Upon retirement, employees can access their accumulated savings in the individual account and any benefits from the chosen annuity program (if applicable).

Onboarding Fee

Plan A:

Standard Labor Contract--Use our standard contract that has been vetted by Taiwan’s Ministry of Labor (MOL): US$350

Plan B:

Customized Labor Contract—If you want to work with our team to customize your own labor contract US$1,500

Monthly Hosting Fee

Plan A:

Employees requiring NHI, Labor and Pension: US$350

Plan B:

Employees requiring NHI, Labor, Pension & Tax Withholding: US$450

Offboarding Fee

Voluntary Separation: US$250

Termination: US$500

In addition to the service charges above, we require a refundable deposit of one month worth of salary & payroll taxes every 2 years of service.

National Benefits:

In Taiwan, health insurance, labor insurance, and pensions are provided by the government. Unlike in other countries, private companies do not offer these services.

Requirement for Benefits:

To receive these benefits, employees must be hired by a Taiwanese entity.

Economic Consideration: Starting a Taiwanese entity just to hire staff might not be cost-effective unless you have at least 5-6 employees. Using an Employer of Record (EOR) can help bridge this gap, providing your staff with the benefits and protection of full-time employment without the need for your own entity.

Reimbursement of Out-of-Pocket Expenses:

Expense Management: Employees in Taiwan may have business-related expenses. Complying with Taiwanese accounting laws for reimbursements can be complex.

Our Solution: We offer an additional service to manage reimbursements for your staff, ensuring everything is handled legally and smoothly.