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Kyiv mayor Vitali Klitschko was a "core shareholder" and participant in a Hunter Biden-chaired Burisma subsidiary, Burisma Geothermal, according to emails.
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Klitschko's involvement opens new questions about alleged Biden family corruption in Ukraine and makes Klitschko a potential witness for investigators.
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Hunter Biden proposed connecting with Klitschko in 2014 due to his "legitimacy across reformist factions" in Ukraine after the ouster of the former president.
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The relationship between Burisma and Klitschko was established by August 2015 when the Burisma Geothermal subsidiary was launched.
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Republicans are demanding more information about Klitschko's ties to Hunter Biden and Burisma amid questions over Joe Biden's push as vice president to fire a Ukrainian prosecutor investigating the company.