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How Easy (Or Hard) Is It For A Second Foreign National Business Partner To Get A Hong Kong Investment Visa For An Unprofitable Company?

April 14th, 2025

Posted by / in Investment Visas, Your Question Answered / No responses


 

What will the Hong Kong Immigration Department make of an application for a second partner to join in an existing business and secure a business investment visa (or) Hong Kong investment visa for an unprofitable company – easy or hard?

Hong Kong Investment Visa for an Unprofitable Company

QUESTION

My business partner is moving to Hong Kong soon.

Until this point, we had no need for him to be resident in Hong Kong but soon he will  play an active role in developing the European part of our business.

Our company has not yet turned a profit so I am wondering if it would be a problem when I make him a contract and apply for his working visa as the other shareholder and director of the company?

What can you suggest?

ANSWER

For foreign nationals looking to establish a new business or join an existing one in Hong Kong, obtaining a residency visa is crucial. To engage in business affairs, applicants must pass the investment visa approvability test, demonstrating that they can make a substantial contribution to Hong Kong’s economy. While the specific requirements for the investment visa can be found in detail on our site, it’s important to note that if a foreign national is sponsored by a Hong Kong company, their incoming partners must also show their potential contributions. This can be through their skills, resources, or finances, indicating their ability to positively impact the local economy. If you’re considering bringing a partner to Hong Kong to assist in business operations, here’s what to keep in mind:
– You should have a well-defined business plan and operational premises.
– Evidence of local employment and business turnover is essential, even if you are not yet profit-making.
– Your updated business plan should outline how your partner’s involvement will lead to business growth, job creation, and ultimately profitability.
However, if your business is struggling or not meeting its potential, it may be challenging to gain approval for an investment visa. Understanding the parameters of the investment visa approval test will provide clarity on the challenges ahead. This process requires careful consideration, but with the right preparation, you may secure residency for your partner and strengthen your business in Hong Kong.

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Hong Kong Investment Visa for an Unprofitable Company

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The Hong Kong Visa Geeza (a.k.a Stephen Barnes) is a co-founder of the Hong Kong Visa Centre and author of the Hong Kong Visa Handbook. A law graduate of the London School of Economics, Stephen has been practicing Hong Kong immigration since 1993 and is widely acknowledged as the leading authority on business immigration matters here for the last 24 years.

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