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Bud Fund In Hong Kong, What Is It About?

Bud Fund In Hong Kong, What Is It About?

From early 2020 to 2022, the Hong Kong government issued their support to open their branch, entering Hong Kong, and then later for Mainland China and South East Asia. This includes the release of Bud Fund which was launched way back then in 2012, as the funding for foreign companies to open their company on Hong Kong, South East Asia, and Mainland China soil.

So, what is Bud Fund and how does it work? Well, BUD is an acronym for Branding, Upgrading, and Domestic Sales, so the Bud is funds that have been launched to support the Branding, Upgrading, and then Domestic sales for a foreign private company that wants to establish their company in Hong Kong soils, or later into Mainland China. 

These funds were used to support several non-listed Hong Kong companies and enterprises to open their market to the growing sales and productions in Mainland China. These funds would help support the Hong Kong enterprises to create their projects, develop their brands, promote domestic sales growth, and promote their sales into Mainland China, supported by the Bud Fund. 

What Is The Bud Fund?

So what are exactly Branding, Upgrading, and Domestic sales fund? Between 2018 and 2020 the Hong Kong government issued a verdict to boost their economic and geographical scope, especially among the ASEAN (Association of South East Asian Nations), alongside many other countries that comes and signed the Free Trade Agreements, with Hong Kong. 

Thus, there have been created two parallel programs that were created to boost Hong Kong's international economy, as well as the geographical strength among these countries, and this agreement is named the Mainland Programme, and FTA (Free trade agreements) program. From these two initial programs, the government then issued the Bud Fund to further boost the productivity of Hong Kong enterprises. 

Bud Fund Application and Its Markets

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This fund are created and is now available for most of the Hong Kong enterprises that are looking for a way to undertake projects, in foreign soils, but only for those who had Free Trade Agreement or FTA with Hong Kong, alongside Mainland China that included in the Mainland program. 

This includes many ASEAN countries' markets, including Singapore, Indonesia, Thailand, Brunei, Malaysia, Laos, Cambodia, Vietnam, Myanmar, and the Philippines. 

Outside of the ASEAN countries, the BUD also included the funding for projects and trade agreements for many FTA countries' markets, including the four European states included in Free Trade Association: Iceland, Norway, Liechtenstein, and Switzerland. Many other FTA countries such as New Zealand, Macao, Chile, and Georgia.

In the newly released Hong Kong budget, per February 2021, the Bud Fund Hong Kong now covers more countries, including a total of 37 countries that have been newly added to the FTA with Hong Kong. This included but was not limited to the investment promotion, signed pacts, and trade treaties with the FTA countries such as Austria, Belgium, Canada, Luxembourg, Denmark, France, Finland, Germany, Italy, Japan, Korea, Kuwait, Indonesia, UAE, UK, Mexico, Mainland China, and many other including ASEAN nations.

Bud Fund Programs and What They Provide

The initial funding program provided most of the matching basis that covers a maximum of 50% of the total Branding, Upgrading, and Domestic sales project cost. The enterprise alone has to contribute at least 50% or no less than it has to make its projects approved by the Hong Kong government. 

The total cumulative costs of the projects that have been contributed by the company are approximately around HKD 4.000.000. These are the funds required for the company to be included in the Bud Fund lists, for their projects to be approved to create foreign projects, mainly on the ASEAN trade, Mainland pacts, and the FTA country projects.

必看 !【香港BUD專項補貼】常見問題集錦

必看 !【香港BUD專項補貼】常見問題集錦

Q1:企業申請「BUD專項基金」的資助需要符合甚麽資格?

申請「BUD專項基金」資助的公司必須符合以下的資格:

(a) 按照《商業登記條例》(310 )在香港登記,

(b) 非上市公司

(c) 在香港境內有實質業務運作。

實質業務運作是指有真實營運及生意交易,需要考慮相關因素,包括企業在香港有否聘用員工、繳納稅項或進行產品/服務買賣交易。空殼公司不會被視為在香港有實質業務運作。

公司在提交申請表時須提供以下有關文件以作證明:

(a) 公司員工記錄;

(b) 公司財務報告記錄;

(c) 公司商業交易及營運記錄。

Q2:香港或海外上市公司旗下的香港公司(非上市)可否申請資助?

由於上市公司的子公司與母公司為獨立的法律實體,即使母公司在香港或海外是上市公司,只要該子公司在香港及海外是非上市公司,並按照《商業登記條例》(310 ) 在香港登記及在香港境內有實質業務運作,便符合申請資助的資格。 

Q3:資助計劃是否只限於中小企?

本資助計劃不限於中小企,申請之公司只要是非上市公司,按照《商業登記條例》(310 ) 在香港登記及在香港境內有實質業務運作,便符合申請資助的資格。 

Q4:哪些行業可申請此計劃的資助?

此計劃不設行業限制。申請的項目須透過發展品牌、升級轉型及/或拓展內銷市場以發展中國內地/東盟業務為目的。 

Q5:在中國內地暫時沒有業務或營運的公司可否申請資助?

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中國內地暫時沒有業務或營運的公司,只要是根據《商業登記條例》(310 ) 在香港註冊及在香港境內有實質業務運作的非上市公司,而有意發展中國內地業務,便符合申請資助的資格。 

Q6:合資格申請的企業不包括上市公司,原因為何?於本港創業板或外地交易所上市的公司是否符合資格?

BUD專項基金」旨在透過向個別企業提供財政資助,協助他們推行有關發展品牌、升級轉型和拓展營銷的項目,以開拓及發展中國內地/東盟業務。由於上市公司在籌集資金方面有較多選擇,為求讓更多有實際需要的企業受惠,所有上市公司,包括於本港的主板和創業板,以及香港以外地區上市的公司,均未能符合申請資格。 

Q7:如企業在中國內地是註冊上市公司,附屬的子公司是香港註冊的非上市公司,子公司在香港申請計劃的資助,但項目則在中國內地的公司(上市公司)實施,這是否可行?

若資助項目是由中國內地上市的公司執行及受益,由於上市公司在籌集資金方面有一定的能力,為求讓更多有實際需要的企業受惠,有關資助申請將不獲批。

【BUD 專項基金】最新申請資訊

【BUD 專項基金】最新申請資訊

「BUD專項基金」最新消息

2021年3月更新

為支援企業發展更多樣化市場,財政司司長在2021至2022年度《財政預算案》宣布建議向「BUD專項基金」再度注資十五億元,以增加每家企業的累計資助上限,由四百萬元增至六百萬元;以及進一步擴大資助地域範圍至所有與香港簽署自貿協定及/或促進和保護投資協定(投資協定)的共三十七個經濟體。如獲得立法會財務委員會的批准,政府計劃按以下時間分階段擴大「BUD專項基金」的資助地域範圍:

第一階段
(2021年7月)

涵蓋日本及韓國

第二階段
(2022年第一季)

涵蓋奧地利、比利時—盧‍森堡經濟聯盟、加拿大、丹麥、芬蘭、法國、德國、意大利、墨西哥、荷蘭、瑞典及英國

第三階段
(2022年第二季)

涵蓋科威特及阿拉伯聯合酋長國

2020年4月更新

「BUD專項基金」的進一步優化措施已於2020年4月9日推出。在「BUD專項基金」方面,每家企業用以推行於內地的項目,或於其他與香港簽署自由貿易貿易協定(自貿協定)的經濟體的項目的個別上限(各自的累計資助上限為200萬元)將會取消,讓企業能靈活運用合共400萬元的資助,推行內地項目或於其他與香港簽署自貿協定的經濟體推行項目。此外,企業如參與由政府有關機構或有良好信譽及往績的展覽上舉辦的虛擬展覽,將可受惠於「BUD專項基金」下的資助。

 

BUD
BUD專項基金-資助範圍
  • 於國內設立業務單位、廠房
  • 樣辦製作
  • 品牌定位及形象設計,如宣傳品設計及印刷等
  • 品牌推廣,如廣告、代言人、網紅、公關服務、拍攝等
  • 新產品設計及開發
  • 管理體系提升
  • 購買或租賃設備
  • 推廣國內銷售渠道,如天猫、京東、Alibaba等
  • 專利 / 商標 / 設計 / 實用新型專利註冊
  • 產品或服務推廣
  • 參加內地展覽會 (香港則要視乎展覽性質)
BUD專項基金-申請資格

按照香港商業登記條例(第310章)登記,須符合香港政府訂明的中小企業定義及在香港有實質業務運作。中小企是指在本港聘用少於一百名員工的製造業公司或聘用少於五十名員工的非製造業公司。

BUD專項基金-申請次數

內地及自貿協定計劃最多40個核准項目,每個項目須於24個月內完成。

BUD 專項基金-評審流程

先由BUD秘書處 (由香港生產力促進局執行)作初步評估,再交由計劃管理委員會審批,該委員會由一名政府官員擔任主席(一般是工業貿易署署長),成員包括來自政府、及在發展品牌、升級轉型及拓展營銷市場方面具有專業知識或經驗的工商專業界人士。審批結果由BUD秘書處向申請企業通知。