These Regulations are enacted pursuant to Paragraph 4, Article 4 of the Act Governing Electronic Payment Institutions (hereinafter referred to as the "Act").

Small amount remittance services for foreign migrant workers are governed by these Regulations. Foreign exchange related services that are not prescribed in these Regulations are required to comply with relevant regulations set by the Central Bank.

The terms used in these Regulations are defined as followings:
1. Foreign migrant workers: A foreigner that is employed to engage in the works specified in Subparagraph 8 to 11, Paragraph 1, Article 46 of the Employment Service Act and hold a valid alien residence certificate issued by the Ministry of the Interior.
2. Small-amount remittances services for foreign migrant workers: The outbound remittance and related foreign exchange purchase and sale services that foreign migrant workers transfer their wages to their home countries. The remittance services are based on non-real transactions payment instructions and subject to a certain amount.
3. Foreign migrant worker remittance company: The operator that organized as companies limited by shares and has granted the approval by the competent authority for engaging in foreign migrant workers remittance services.
4. Foreign migrant worker remittance institutions shall mean the following institutions:
(1) Foreign migrant worker remittance companies.
(2) Banks and electronic payment institutions approved by the competent authority for concurrently engaging in foreign migrant workers remittance services.
5. Offshore remittance institutions: The institutions that operate remittance services outside the Republic of China under the laws and regulations of other countries or regions (including Mainland China).
6. Foreign currencies: Currencies issued by foreign countries, Mainland China, Hong Kong, or Macao.
Where a foreign migrant worker remittance company defined under the Subparagraph 3 of the preceding paragraph is a branch of a foreign company in Taiwan, its headquarters shall be approved for operating remittances services under its local laws and regulations.

A foreign migrant worker remittance company shall be permitted and granted a business permission certificate from the competent authority before it commences business.
The validity period of the business permission certificate specified in the preceding paragraph shall be three years; the said period is the same when applying for the expiring certificate renewal. Except as otherwise provided by these Regulations.