Government grants business to take projects which are beneficial to the business itself, the industry and the society as a whole.
(This page is updated up to Nov 2024) The BUD Fund consists of “Mainland Programme” and “FTA and IPPA Programme“, and supports related projects in Mainland China and FTA and IPPA economies respectively. The FTA and IPPA Programme was originally the ASEAN Programme to supports projects in the ASEAN member states. Later on the Programme … Read more
After the epidemic, the average time to proceed a TVP application is about 5-6 months. Usually, a reply is expected one month after application submission. During COVID peak, the average time to proceed a TVP application is about 6 months. First 2 months to wait for a reply, and 4 months more to approval if … Read more
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
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
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
Cashflow is the blood of a business. It is absolutely troublesome not to get the Account Receivable, especially in Mainland China. The TID SUCCESS invites RMS, 170-year experience in receivable management, to share tips of account receivable management in China. The webinar will cover prevention and debt processing. With real cases, the speak will also … Read more
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