BUD consultants help firms to apply the BUD Fund and their most valuable is experience.
According to the BUD Fund application guide, the applicant must be a registered Hong Kong company, and if there is local business (BUD Type (ii) project in general), the Hong Kong applicant company should demonstrate its direct investment relation with the local business. Recognized relation should be one of the following: The applicant owns more … Read more
BizMagnet BUD consultants often reach clients from different background, and find out that some fail to apply for the BUD Fund on their own. The $4 million grant is so attractive that companies submit the BUD application without knowing the detail. If enterprises want to get the government funding, it would be better to know … Read more
Everyone of us is talking about business development in China, but how to build our own brand and promote it thoroughly is a big problem. This time we will share a BUD successful story about a traditional dried seafood shop in Hong Kong. Mr Chan is the third generation of a dried seafood shop in … Read more
Eligible firms can get at most HK$ 4,000,000 on a one-to-one matching basis under Mainland Programme and FTA Programme of the BUD Fund. The fund aims at helping Hong Kong companies to brand, upgrade and promote. The hardest part of the BUD application is to write the proposal. Now here BizMagnet BUD consultant introduces 5 … Read more
(Last update: 07/11/2022) Since the launch in 2012, the BUD Fund is so popular for SMEs. The BUD Fund Mainland Programme and FTA and IPPA Programme offers HK$ 7,000,000 on a one-to-one basis to encourage Hong Kong business to brand, upgrade and promote in mainland China, FTA and IPPA economies. BizMagnet BUD consultant consolidates this … Read more
After years of improvement, the BUD Fund “Mainland Programme” and “FTA Programme” (known as “ASEAN Programme” before) pair up at most HK$4,000,000 on a one-to-one matching basis to Hong Kong eligible companies. The following is some common items in the BUD Fund: Extra Staff Staffing is important for a new business development. Please notice that … Read more
No other company structure is qualified to apply the BUD Fund. Some common structures such as holding company or offshore owning company (which is also known as “Sister companies”) are not eligible to the BUD Fund. BizMagnet consultant experiences a lot of unqualified applicant due to the above issue. If you like to know more … Read more
The Free Trade Agreement between Hong Kong and ASEAN (about Indonesia) will be in effect on 4th July, 2020. The SME, HKET news interviewed a consultancy specializing on ASEAN market to explore the potential. Hong Kong products such as watch, toy and jewelry will have reduced tariff, and Hong Kong service providers will have better … Read more
The Free Trade Agreement and Investment Agreement between Hong Kong and Indonesia as an ASEAN member state will be in effect on 4th July, 2020. Benefit to both HK Goods and Services Indonesia will reduce tariff on goods made in Hong Kong, including jewelry, toy, watch and clothes. Hong Kong service providers entering Indonesia can … Read more
Building a brand is not easy, even with the assistance of the BUD Fund. Therefore we have a business model called “Authorized agency”. A Company as an agency of a brand helps the brand to enter a local market. Shun Hing Group founded by Mr William Mong is the sole agency of Matsushita in Hong … Read more
