Posted: Wed May 03, 2006 5:08 pm Post subject: Advisory Warning for Banking on Taiwan
Advisory Warning for Taiwan
Non-Republic of China nationals on Taiwan or the occupied islands are strongly advised to avoid opening or using banks on, or associated with Taiwan.
The following warning/advisory specifically applies to banking for all non-Republic of China nationals living, working or traveling on Taiwan or other occupied territories of the Republic of China.
The occupational authority of the Republic of China, as part of an ongoing effort to promote greater racial superiority of Republic of China nationals, decreed that non-ROC nationals with banking or financial accounts in banks or financial institutions in ROC territory, be denied access to any funds or monies locally or abroad held by banks in the territory of the Republic of China, if they do not posses a residency document (ARC) or ROC passports issued by that authority.
Non-ROC nationals who fail to withdraw monies or assets in a specified time may forfeit those accounts or assets to confiscation by the the occupational authorities without notification or re-numeration of non ROC nationals.
Further more, that same occupational government has initiated policies to arbitrarily and through extra judicial means, revoke Alien Resident Certificates (ARC) and deport from the territory any foreign national without right of appeal or judicial oversight thus, depriving minorities on Taiwan of their basic human rights and effectively stealing any assets non ROC nationals may have in local banks.
This warning/advisory specifically applies to immigrants, migrants, foreign spouses, laborers, teachers, domestic helpers, foreign engineers, business executives and dependents numbering 500,000 to 1,000,000 people or approximately 2% to 5% of the population on Taiwan who do not posses Republic of China passports or ROC national identification cards.
This advisory has been issued by SSETT the defacto foreign teachers union and advocacy group on Taiwan.
You got it Mike.... Hit the nail right on the head.
The
W orld
T rade
F ederation
is telling all that they are going to nationalize all the bank accounts just like the oil fields in Bolivia and the government will own all the money in the banks. This is just to finance the upcoming war as outlined by Mr. George Bush the , " War President", as reported by an UP UR's reporter from the Presidents's part time dentist's office in Selma Alabama
No doubt both China's are filled with terrorists.
Then again maybe thats not what you meant by "WTF" _________________ AIR ASIA & NOK AIR Discriminate against the Disabled
It's about thousands of migrants workers including westerners losing everything in there bank accounts on Taiwan because their employer has revoked their work permits (ARC) and blacklisted them from getting another.
You got it Mike.... Hit the nail right on the head.
The
W orld
T rade
F ederation
is telling all that they are going to nationalize all the bank accounts just like the oil fields in Bolivia and the government will own all the money in the banks. This is just to finance the upcoming war as outlined by Mr. George Bush the , " War President", as reported by an UP UR's reporter from the Presidents's part time dentist's office in Selma Alabama
No doubt both China's are filled with terrorists.
Then again maybe thats not what you meant by "WTF"
holy dog doo
gonzo the disgrace you gotta get your act together and get a like
wtf in this context means "where toast fizzles" cabiche??
what does revokoing work permits have to do with bank accounts?
if my work permit was revoked here in thailand it would have no relation to my bank account
That's because Thailand tries to maintain at least a semblance of fairness and is a multicultural society.
On Taiwan you will not be granted access to your bank account unless you have a valid Alien Residency Permit (ARC) in hand. Employers have the authority to revoke ARCs unilaterally and deport any foreign national without appeal through extra judicial punishment known locally as a deportation order. Once the ARC is revoked a "foreign national" is given between 10 to 14 days to leave or face arrest and the ARC is immediately invalidated.
Welcome to Taiwan where Cash is King!!
what does revokoing work permits have to do with bank accounts?
if my work permit was revoked here in thailand it would have no relation to my bank account
Same here ... work permits have got nothing to do with bank accounts as far as I know here in China.
Ditto for the ARC stuff ... all one needs is an ATM card and pin numbers to access/control/otherwise have fun with one's bank account.
Apparently Taiwan's different, but first time I've heard about this.
Brings up an interesting question - where do foreign nationals in Taiwan prefer to keep their $$? HK?? _________________ Dongguan Expat - Your online Community!
Is it "plebeian" ... Though I dont see why posting more than 50 times would classify me as vulgar ... _________________ Dongguan Expat - Your online Community!
Looks like the PRC/CCP online Revolutionary Comrades are hard at work.
Don't fall for their crap.
Why is it every time someone criticizes the corrupt regime in Taipei it has to be a PRC plot?
I suppose several hundred thousand demonstrators outside the presidential palace 24/7 protesting corruption is a PRC plot as well.
Simply because you haven't been deported does not mean it is a PRC plot.
Open your eyes !!!
This is Taiwan where state sponsored racism is the national policy and the right of self determination is reserved for gangsters, corrupt government officials and a few select members of presidents family.
On Taiwan you will not be granted access to your bank account unless you have a valid Alien Residency Permit (ARC) in hand. Employers have the authority to revoke ARCs unilaterally and deport any foreign national without appeal through extra judicial punishment known locally as a deportation order. Once the ARC is revoked a "foreign national" is given between 10 to 14 days to leave or face arrest and the ARC is immediately invalidated.
Welcome to Taiwan where Cash is King!!
Ok, I don't know much about the ARC/deportation part, BUT ...
It doesn't make sense that you can't have access to your bank account without the ARC. What about ATM cards What about online banking
It also doesn't make sense that your saying "cash is king", but that you need an ARC to do anything with your bank account. For example, what if someone from Europe wanted to open an account in Taiwan, and just leave his/her money there - and then leave, maybe just visit occasionally
It doesn't make sense that you can't have access to your bank account without the ARC. What about ATM cards What about online banking
You are right about that. It doesn't make much sense.
ATM cards will and all accounts will be frozen as soon as the expiration date on the ARC you opened the account passes date.
You then have two years to get a new ARC. If a non ROC nationals account is past due and has not been accessed in two years the banks are supposed to turn over the funds to a government administered fund. If the account is held by a migrant worker the funds are embezzled by the bank, such as recently happened to hundreds of migrant workers banking with China Trust Bank in Taiwan.
Don't take my word for it. Go open an account with Taiwanese bank in Taiwan and watch what happens.
If you haven't noticed we are having a slight problem with widespread corruption and human rights abuses here on Taiwan.
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