Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund)
Purpose
The funding supports individual Hong Kong enterprises in implementing projects related to brand development, upgrading and transformation, and marketing expansion, thereby enhancing their competitiveness in the mainland and in economies with which Hong Kong has signed free trade agreements and investment agreements, promoting their development in the mainland, free trade agreement, and investment agreement markets.
Funding Amount
Max. HK$800 Thousand
Application Requirements
Business Registration Certificate registered in Hong Kong
Proof of substantial business operations
Non-listed companies, government agencies, or public organizations
Registration Process
Confirm Eligibility: Verify whether the enterprise meets the BUD application criteria.
Prepare Documents: Prepare application documents, including a business plan.
Submit Application: Submit the application and relevant supporting documents through the online system.
Await Preliminary Review: Wait for the relevant department to assess the validity and compliance of the application. Enterprises will receive a preliminary review notification via email within 2-4 weeks.
Supplementary Information and Document Submission: Respond to any requests within 14 days. The relevant department may also call the enterprise to inquire about related matters.
Obtain Approval: Once the application is approved, complete the subsequent procedures according to the guidelines.
Project Implementation: Begin implementing the funded project, which must be completed within 24 months.
Progress Reporting: Submit regular project progress and financial reports as required.
Why Choose First Group?
- Professional and Efficient：With years of experience and familiarity with regulations in various regions, we ensure smooth business processes.
- One-Stop Service：Whether it's company formation, tax consulting, accounting services, or auditing, we handle everything for you, saving you time and effort.
- Customized Solutions：Whether you are a startup or expanding your business, we can tailor solutions to meet your needs.
Contact us now for a free consultation and the latest pricing information! Just prepare the basic information, and First Group will simplify the cumbersome procedures, allowing you to focus on realizing your business blueprint. Start today, succeed tomorrow!
