Latest news about business, commerce and government policy. Government business grants such as BUD Fund, TVP Fund etc change rapidly in recent years.
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
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
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
In accordance with the fifth outbreak of COVID-19 Omicron variant in Hong Kong, the city has taken number of urgent social distance tightening measures including no dinner dine-in, shutdown of gyms and beauty houses etc. The HKSAR Government announced the launch of the 5th round of Anti-epidemic Fund on 14th Jan 2022 to offer one-off … Read more
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
2021 is an extraordinary year to both Hong Kong and the World. BizMagnet wish you a Merry Xmas and a Happy New Year. Please don’t hesitate to ask us any questions in Government Funding. Phone: +852 3611 5707WhatsApp: +852 9449 8909
From 30th July 2021, the BUD Fund enhances again as below: The FTA Programme now extends to Japan and Korea (Economies of “Investment Promotion and Protection Agreement”, IPPA) and renames to “FTA and IPPA Programme” The total subsidy of “Mainland Programme” and “FTA and IPPA Programme” increases from $4M to $6M BizMagnet government funding consultancy … Read more
From 8th June, 2021, Hong Kong Productivity Council (HKPC) will be the Secretariat of the Technology Voucher Programme (TVP). More capital services Besides the Special 100% Loan Guarantee application, BizMagnet provides also variety of capital services, such as government fund consultation and MPF referral etc. Flexible cash-flow is essential nowadays business. Remember that cash-flow is the blood of an … Read more
Due to the poor economic condition in Hong Kong, the Trade and Industry Department announced temporary measures to the Export Marketing Fund (EMF). The followings will be in effect for two years from 30th April, 2021. The supporting scope extends to large-scale exhibitions staged by organizers with good track record targeting the local market, as … Read more
The Hong Kong Trade Development Council organized the very first major exhibition since the COVID-19 pandemic – “HK Lifestyle ShoppingFest 2021”. There are 8 main themes: baby, smart product, jewelry, health, household, pet, learning and food. Exhibitors can enjoy “Convention and Exhibition Industry Subsidy Scheme” and gain 50% sponsor with maximum amount HKD $10,000 for … Read more