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What are the requirements for a Hong Kong company to apply for BUD Grant Funds?

Released Date: Mar 08,2022 Article Source: HUANZE

The Hong Kong Government's Special Fund to encourage the SME Marketing Fund in Hong Kong to develop their brand, upgrade, transform and expand the domestic market is a new optimisation measure introduced after the SME Marketing FundBUDSpecial subsidies.

The SME Marketing Fund is a new optimisation measure launched by the Hong Kong Government to encourage the SME Marketing Fund to develop its brand, upgrade, transform and expand its domestic market. Apply forBUDSpecial subsidy, then the following conditions should be met to apply for subsidy:

1The shareholders of the domestic company and the shareholders of the Hong Kong company must be the same person and hold the shares51%Above;

2The turnover of the shareholders of the domestic company is not less than that of the Hong Kong company300Ten thousand Hong Kong dollars;

3Hong Kong company has a physical office and employees in Hong Kong;

4, employees should purchase MPF in Hong Kong and at least two or more employees should purchase MPF;

5The Hong Kong company has been established for more than one year, with actual operation and active business.

It should be noted that some industries or companies cannot applyBUDSpecial subsidyFund, such as Insurance, finance, listed companies, state-owned enterprises.

Therefore, enterprises can refer to the above requirements to see whether your Hong Kong company meets the applicationBUDSpecial subsidyThe relevant criteria of the fund.

Hong Kong company applicationBUDWhat are the requirements for grant funds?

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