Wilson Accounting Limited
Government Funded Consultancy Services
Our CPA team is familiar with various professional fields, including e-commerce systems, information technology systems, etc. Rich experience in applying for government funding, including Technology Voucher Programme (TVP), BUD Fund and SME Export Marketing Fund (EMF), to help you obtain government funding in the fastest time to implement your development plan.
BUD Fund - Enterprise Support Scheme in the Mainland
To encourage Hong Kong enterprises to enter the Mainland market, the Government provides SME funding through the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD) of the Hong Kong Productivity Council to help Hong Kong enterprises explore business opportunities and enhance their competitiveness in the Chinese mainland market and the ASEAN market.
To strengthen the competitiveness of enterprises and develop more diversified markets, the Government has raised the cumulative funding ceiling for each enterprise under the BUD Fund to $7 million and the maximum number of approved projects for each enterprise to 70 with effect from November 2022.
Eligibility:
- All non-listed enterprises registered in Hong Kong under the Business Registration Ordinance (Cap. 310) and having substantive business operations in Hong Kong are eligible to apply for authorisation.
- Unless it is a forced manufacturing or service industry, or whether it already has business operations in Chinese mainland and ASEAN, it is eligible to apply for funding.
- Software file of the application form (MS word format, Chinese or English version)
- 1 original copy of the application form signed by the authorized person of the applicant enterprise and stamped by the company
Application Documents:
- A copy of the business registration certificate of the applicant enterprise
- Copies of supporting documents supporting the particulars of the substantial shareholders of the applicant enterprise (e.g. Annual Return Form NAR1 issued by the Companies Registry)
- A copy of the documentary proof that the applicant enterprise has substantive business operations in Hong Kong
- A copy of documentary proof that the applicant enterprise has a direct investment relationship with a business unit in the Mainland
Maximum number of projects to be funded:
Each enterprise can receive funding support for a maximum of 70 approved projects (including the Mainland Scheme and the FTA and Investment Agreement Schemes). The funding ceiling (including audit fee) for each project is HK$1,000,000.
Maximum Funding Amount:
The subsidy is provided on a matching basis, i.e. when the applicant enterprise spends $1 million, the Government will also provide a subsidy of $1 million, and with effect from 7 November 2022, the funding amount of the two BUD schemes will be increased to a total of $7 million.
Scope of application:
- Branding
- Website design/programming
- Marketing planning and execution
- Hire new employees
- Purchase of new machinery/tooling
- Social platforms, such as Weibo, Youku, etc
- Exhibitions and promotional activities
