What is the "BUD Special Fund"?
Free trade agreement and investment treaty economies in the first phase of optimization measures include:
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ASEAN ten countries
Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam, Australia, Chile,
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European Free Trade Association countries
(Iceland, Liechtenstein, Norway and Switzerland), Georgia, Macau, New Zealand and two investment treaty economies (Japan, South Korea)
Funding Amount & Project Duration
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Enterprises can receive funding for 6 projects in total, and the cumulative funding limit is 6 million yuan
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Funding is provided on a reciprocal basis, that is, the government will subsidise up to 50% of the total approved expenditure of an individual project, and enterprises must bear no less than 50% of the total approved expenditure of the project in cash.
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During the application period of the Fund, each enterprise can receive a maximum of 6 approved projects and a maximum of 6 million Hong Kong dollars in total for the approved projects and the maximum cumulative funding respectively.
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Helped many clients successfully apply
Experienced application, no fee if unsuccessful
Professional technology voucher consultants will provide you with free consultation and tailor-made solutions for you
For example, writing a proposal, looking for multiple quotes, answering the cumbersome questions of the examiner, so you need us to help you solve it
——A new company applies for BUD?
- In principle, the fund does not limit the time for company establishment. "New companies" can also apply, as long as they have substantial business operations. A company does not necessarily have to have "profit", as long as it has "revenue"enter".
——Limited Company vs. Unlimited Company
- Both limited companies and unlimited companies can apply for the BUD special fund. In addition to listed companies, all companies registered in Hong Kong are eligible, even unlisted subsidiaries of parent companies.
- The company information documents required to be submitted are slightly different between the two. A limited company mainly submits BR, CI, NAR1, MPF records and audit reports; an unlimited company mainly submits Form 1a, BR and tax return records.
—— Can I apply for BUD simultaneously if I own several companies at the same time?
- If you own several companies at the same time, in principle, these companies can submit BUD applications simultaneously. However, the companies under your name will share the same cumulative funding amount, which is a total of 6 million for the Mainland Program and the Free Trade Agreement and Investment Agreement Program, instead of each company having a funding amount of 6 million each.
——I mainly want to develop business in Hong Kong, can I apply for BUD?
- In principle, the BUD special fund supports enterprises to expand their business in the mainland or areas with free trade agreements and investment agreements. In other words, the company's goods or services must be sold or provided in the target market. Therefore, funding is not available for business expansion in Hong Kong.
- However, companies can indeed take certain measures in Hong Kong, such as hiring employees and setting up websites, to help expand business in target markets. You are welcome to inquire with us.
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