TVP FAQ 2022

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Technology Voucher Programme launched as a pivot programme in 2016. It became regular in Feb 2019. Local businesses which fulfill the basic requirement (e.g. substantive operation, non-listed etc) can submit TVP application to the Innovation and Technology Commission (ITC). Successful applicants can enjoy the matching fund for 75% of their IT project cost, with a … Read more

Update: 100% Guarantee Loan

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In Budget 2022, the Financial Secretary extended the application of “SME Financing Guarantee Scheme” and lifted the maximum amount of “Special 100% Loan Guarantee“. However, the scheme is limited to business started on or before 31st March, 2020. Businesses started in last two years are not qualified to apply. The authority announced a good news … Read more

“100% Loan Guarantee” fraud

TVP trap

In order to lower the impact of the fifth epidemic wave on local SMEs, the HKSAR Government launched “Special 100% Loan Guarantee” scheme to provide low-rate credit. However, fraudsters made false instrument such as bank statement and MPF records etc. They obtained around HKD 280 million already and planned to apply for HKD 100 million … Read more

Budget 2022 support for commerce

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Financial secretary Paul Chan announced the last financial budget of his term. Due to the serious impact of the 5th wave of COVID-19, the budget provides a series of support to local commerce and this is the brief: Reduce 100% of profit tax for the year of assessment 2021/2022 (Maximum: HKD 10,000) Reduce non-residential rate … Read more

BUD Fund 2nd phase extension 2022

International Trade

From 14th Feb 2022, the 2nd phase extension of the BUD Fund will be in effect as below: The FTA & IPPA Programme will extend to Austria, Belgo-Luxembourg Economic Union, Canada, Denmark, Finland, France, Germany, Italy, Mexico, the Netherlands, Sweden and the United Kingdom. The total subsidy remains unchanged as HKD 6,000,000 on one-to-one basis. … Read more

Happy Chinese New Year

BizMagnet government funding consultants wish you a Happy Chinese New Year, good health and good wealth. Please don’t hesitate to ask us any questions in Government Funding. Phone: +852 3611 5707WhatsApp: +852 9449 8909 Background vector created by freepik – www.freepik.com

Happy 2022

Happy 2022

BizMagnet government funding consultants wish you a Happy 2022, good health and good wealth. Please don’t hesitate to ask us any questions in Government Funding. Phone: +852 3611 5707WhatsApp: +852 9449 8909