Must the Employing Company Sponsor of My Hong Kong Work Visa Application be Profitable?
Posted in Employment Visas, The Hong Kong Visa Geeza, Your Question Answered /
How important is sponsor-profitability, especially for start up businesses less than 12 months old?
QUESTION
I have been recruited by a newly established company (12 months old as of this week).
They have never hired a foreigner and have tasked me with completing the visa forms, both employee and employer versions.
The Employer-side application requires “proof of financial standing.”
Although registered one year ago, the company has only recently begun making sales, which do not amount to much.
Will the companies lack of profit negatively affect my chances at being approved under this Hong Kong work visa application?
If so, is there anything that can be done to mitigate this?
Thank you in advance for your reply.
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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.
