50% ownership of an Asian Restuarant in Helsinki

[babyloner]

Hi,

I am selling away 50% ownership of a restaurant in helsinki.
Due to some personal reason, I am unable to continue my partnership.

The restaurant has just started its operation in Nov 2015.
Restn has 50seats. 121sqm. location konala Helsinki. long term contract.
rental is ard 3000++ +Vat.
current lunch customer is between 55-65persons and its gradually building up.
selling price is 60k. neg. (6.5k deposit with the landlord)
You can apply for resident permit with this purchase as you hold 50% ownership

My business partner is a hardworking and responsible person and she holds finnish citizenship, formerly Chinese nationality.

Interested parties, please send email to chiukahmei@yahoo.com

[betelgeuse]

I am selling away 50% ownership of a restaurant in helsinki.
Due to some personal reason, I am unable to continue my partnership.

What's the legal form of the business (osakeyhtiö, kommandiittiyhtiö etc)?

You can apply for resident permit with this purchase as you hold 50% ownership

I am not aware of any percentage based requirements for a residence permit.

http://www.migri.fi/working_in_finland/ ... yed_person

[babyloner]

What's the legal form of the business (osakeyhtiö, kommandiittiyhtiö etc)?
OY

I am not aware of any percentage based requirements for a residence permit. -
http://www.migri.fi/working_in_finland/ ... yed_person

Listen
Residence permit application forms
Residence permit application forms

A residence permit application may be submitted to a Finnish mission (embassy or consulate) abroad or to the local police in Finland. The police departments of some of the larger cities in Finland can have their own units for permit matters concerning foreign nationals. Contact your local police to find out which service point in the area deals with permit matters.

Check that nothing is missing before you submit your application
Make sure that you have all the necessary attachments and documents before you start filling in your application. A list of required attachments is at the end of the application form.
Fill out the application form carefully. If you are using a paper form to apply for a permit, remember to sign the form.
If any details or attachments are missing, it will delay the processing of your application and your application can be rejected.
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Instructions for filling out the application form can be found under Frequently asked questions.

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Appendices to residence permit application

Appendix to residence permit application; passport photo, OLEL_PK
Response to possible refusal of entry and prohibition of entry; Residence permit application attachment form, MP_1
Request to record personal information in the population information system, HETU_P
Other clarifications that you need to append to your application are listed at the end of the form.

Family ties

Residence permit application for the spouse

Residence permit application for the spouse of a foreigner resident in finland, OLE_PH1
Residence permit application for the spouse of a Finnish citizen

Residence permit application for the spouse of a Finnish citizen, OLE_PH2
Residence permit application for a guardian

Residence permit application for a guardian with a child in Finland, OLE_PH3
Residence permit application for child

Residence permit application for child, OLE_PH4
Residence permit for adoption, OLE_ADO
Residence permit application for other family member

Residence permit application for other family member, OLE_PH5
Working

Residence permit application for self-employment, OLE_EHA
This application form is for you if you intend to come to Finland to be a self-employed person. As a rule,
a self-employed person must register his/her business with the Trade Register at the National Board of Patents and Registration before a residence permit can be issued.
The following are considered self-employed persons for the purposes of this application:
−a self-employed private entrepreneur incorporated as a toiminimi
−a partner in a partnership (avoin yhtiö)
−the general partner in a limited partnership (kommandiittiyhtiö) (not a sleeping partner)
−a member of a cooperative (osuuskunta) who has unlimited liability for refinancing (the unlimited liability for refinancing must be entered in the Trade Register)
For the purposes of this application, a person is not considered self-employed if he or she is employed in the service of a limited company of which he or she is the owner, not even when in possession of the entire share capital. If you own shares of a public limited company (osakeyhtiö, oy) and you work in this company, you will need a residence permit for an employed person (form OLE_TY1).
http://www.migri.fi/services/faq/reside ... employment

Yes there is a certain percentage involved. if you have any friends in the insurance industry kindly check with them. if you hold less then 27 % of the shares, you are considered as a employee. There are many steps and procedures to go thru.

Whomever is interested can either 1. change from student permit , related field of course, Food and beverage , Hospitality management etc ,and file an Application for work permit/residence permit. Or an asian chef whom has been here for 1 year under work permit and would now like to be in a partnership and use this job opportunity.

[betelgeuse]

OY

From your own quote of Migri material:

For the purposes of this application, a person is not considered self-employed if he or she is employed in the service of a limited company of which he or she is the owner, not even when in possession of the entire share capital. If you own shares of a public limited company (osakeyhtiö, oy) and you work in this company, you will need a residence permit for an employed person (form OLE_TY1).

Which you then contradict yourself:

Yes there is a certain percentage involved. if you have any friends in the insurance industry kindly check with them. if you hold less then 27 % of the shares, you are considered as a employee. There are many steps and procedures to go thru.

What do people in the insurance industry have to do with anything? Yes there are percentage limits (30%) for pension insurance purposes but that has nothing to do with residence permits.

Whomever is interested can either 1. change from student permit , related field of course, Food and beverage , Hospitality management etc ,and file an Application for work permit/residence permit. Or an asian chef whom has been here for 1 year under work permit and would now like to be in a partnership and use this job opportunity.

Since it's an OY owning the shares is not what entitles to the residence permit, it's actually working in the restaurant that does it.

[cors187]

babyloner wrote:
Yes there is a certain percentage involved. if you have any friends in the insurance industry kindly check with them. if you hold less then 27 % of the shares, you are considered as a employee. There are many steps and procedures to go thru.

If the company is an OY
Doesnt matter how many shares you own. you are considered a shareholder who works in the company.Smaller shareholdings can change the way your company is forced to pay YEL OR TyEL(pensions) for you.
This business opportunity needs an employment residence permit