Is a company profit needed for work permit renewal?

For example if a company in the first 3 years has net losses but plenty of cash for all expenses and there is only one workpermit for the foreign director is that OK?

At what point if ever is a company profit required for the work permit to still be renewed?

Note all VAT and wage withholding etc are being paid in this example and will continue to be paid.

In general, a company must show, in their accounts, either gross revenue or net profit equivalent to and not less than the the foreign employees salary to obtain an extension of non-b visa. However, while it is not law, Labor Officers may also require that the company achieve a profit in order to renew a work permit.

If the company is active but not making a profit the officer may give a 6 month period with a check on profitability at the 6 month mark or they may go ahead and give the one year work permit.

Again, it is all up to the officer's discretion

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