Government grants business to take projects which are beneficial to the business itself, the industry and the society as a whole.
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
Under challenges of the globe and the region, the Hong Kong Government upgraded the FTA Programme of the BUD Fund to FTA & IPPA Programme in July 2021. Besides ASEAN and other FTA regions, it extends to Japan and Korea. The upper limit of funding (both Mainland Programme and FTA & IPPA Programme) raised from … Read more
From July 2021, the FTA Programme of the BUD Fund has upgraded to “FTA and IPPA Programme“. Besides the ASEAN and FTA economies, the Programme now supports also Japan and Korea. The total subsidy of Mainland Programme and FTA and IPPA Programme increases from HK$4 million to $6 million. By the BUD Fund, HK enterprises … Read more
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
Vietnam is one of the few Southeast Asian countries that can control COVID-19 epidemic well. In addition, the e-Commerce market keeps boosting in Vietnam and we expect that its scale will be about USD $52 billion in 2025. Many Hong Kong businesses are looking forward to enter Vietnam for more opportunities. The Hong Kong Trade … Read more
There are around 400 million Internet users in the ASEAN countries including Indonesia, the Philippines, Malaysia, Thailand etc. The economy grows rapidly and the e-Commerce atmosphere is quite unique. The Hong Kong Trade Development Council (HKTDC) organizes the webinar “Riding on the E-commerce Bandwagon: ASEAN Opportunities” to discuss the Southeast Asian economy and consumer features, … Read more
Vietnam is one of the fastest growing economy in the Southeast Asia. Google search in Vietnam grows rapidly and it is estimated that the e-Commerce market will have the size of 52 billion US dollar in 2025. In order to help local businesses to better understand Vietnam search market, the Hong Kong Trade Development Council … 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
