In order to support businesses impacted by COVID-19, HKSAR Government launched “Special 100% Loan Guarantee”. Qualified companies can raise bank loan based on wage and rent, and the Government acts as the guarantor of last report.
Financial secretary Paul Chan announced the first financial budget after normalcy. As the deficit is serious, many measures have been cut or cancelled. We have the summary here: BizMagnet government fund consultant helps Hong Kong companies to apply for TVP, BUD Fund and EMF etc. We also recommend quality suppliers to help you to brand, upgrade and sell.
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
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
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
Announced in the 2021-22 Budget, the government will enhance the Special 100% Loan Guarantee of the SME Financing Guarantee Scheme (SFGS) to relieve further SMEs’ cash flow pressure. The improvement measures are as follows: Maximum amount of loan: the total amount of employee wages and rents for 18 months, or HK$6 million, whichever is lower … Read more