Government grants business to take projects which are beneficial to the business itself, the industry and the society as a whole.
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
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
