That's certainly good news, however the law still says the savings needs to be there for one year, so it may be you were just lucky or that the examination of this will change in the future.

It depends how you interpret the law (and as we know, in Taiwan government departments have a ludicrously wide scope for how they interpret the laws). At first I read it as meaning that you needed to make that sum in your total number of deposits over a year. Anyway the Household Registration people have their own internal regulations, and they just require a proof of bank balance form from a bank (for which a deposit for a day will suffice).

what I want to know is, can i just renounce my US citizenship now and live in Taiwan while i wait to qualify for citizenship (length of time). I have a JFRV/ARC.

Well for one thing, your ARC is limited by your passport validity. You won't be able to renew your ARC if you no longer have a passport.

No way.

Why would you want to give up your South African passport?

You have to renounce your citizenship in order to become an ROC citizen.

I know that, but why would Battery 9 want to give up his/her SA citizenship? If there's only one thing useful about having an SA passport, is that it is more useful than a Taiwanese passport.

Getting back to the topic of Financial requirements for citizenship, I also can confirm you only need the cash for one day, cos its the call of household registration people. As an unmarried Brit, I had to show NT$5m. That part of the process was probably the easiest part.

The Household Registry office only looked at my tax statement from the previous year. I remember it was either $731,000 or $713,000. I really don't remember needing a bank statement. Perhaps it is how much you report on your tax form in a year and not "minimum deposit".

The only non-government documents I needed were proof of employment with the company's stamp, and a copy of my passport.

There is bound to be someone who is in the process of becoming a citizen and makes frequent visits to a HR office who will eventually ask, find the truth and post it here.

(In the above requirements, it does seem odd that he/she meet ANY of the following" and then the last one is "Anything else as recognized by the MOI." It sounds like the MOI could randomly describe your requirements, nullifying the "any" in their top statements.)