We have just harvested a strong recognition from the official: Jin Xin Heng International Business Company Limited, a Hong Kong subsidiary of Enterprise Finance Group, has been successfully approved by the Hong Kong Government's BUD special fund, with a grant amount of HK$510,000.

This is not only a financial support, but also a successful verification of our strategic direction and professional ability. As a provider of "one-stop overseas service", we are the first to run through the whole process with our own projects, and we know every key and detail of the process. Now, we turn this valuable experience into a solid foundation for serving you.

01. What is the BUD Special Fund?

The BUD Fund, known as the "Brand Development, Upgrading and Restructuring and Domestic Sales Fund", is an important funding scheme set up by the Hong Kong Government to support local enterprises to explore the Mainland and overseas markets. It has a cumulative funding ceiling ofUp to 7 million Hong Kong dollarsThe fund is mainly used to assist enterprises in brand building, technology or process upgrading, and expanding the domestic market. In particular, the fund encourages enterprises to enter the mainland China market, but also supports the development of business in a number of overseas economies, such as ASEAN and the European Union, which is a powerful "gas pedal" for Hong Kong enterprises to go global.

02. Key points and process of BUD application

What conditions does your business need to fulfill?

Based on our own successful experience, there are a few core requirements that applicant companies usually need to fulfill:

• Must be registered in Hong Kongunlisted companyand have substantial business operations;
• To have no less than 2 local employees and to have rented physical office space for more than 3 months;
• Financially, it is generally required to have a turnover of not less than HK$3.2 million in the most recent year and to be able to provide a compliant audit report.

What program elements are easily funded?

The BUD Fund tends to finance projects that can effectively enhance the competitiveness of enterprises and open up new markets. Specifically, it covers the following categories:

In terms of branding and promotion

For example, setting up a store on mainstream e-commerce platforms, advertising on social media, creating small programs for promotion, etc. Up to project cost50%of funding.

In the area of upgrading and transformation

This includes the acquisition or upgrading of production equipment, the introduction of enterprise management systems, etc., again up to a maximum of70%Funding.

In expanding domestic sales

For participation in exhibitions and setting up of new business units to develop the Mainland market, the subsidy rate can be up to50%The

Application Process Explained

We go through the entire process from planning to closing in its entirety. A standard BUD application consists of the following six key steps:

1. Planning and submission: Begin by writing and submitting a detailed and specializedPlan for the use of the Fund", which is the basis of the entire application.
2. official review: After submission, the application will proceed to the vetting stage by the Hong Kong Productivity Council (HKPC), a process that usually takes around4 monthsof time.
3. Initial appropriation: Once a project is approved, the first grant, which is the total amount of approved20%The funds will be disbursed to the business account for program start-up.
4. Project implementation: Enterprises that have since had12 monthsof time to implement the project program, during which time all expenditures must be in strict compliance with the Fund's compliance requirements.
5. Audit reports: Upon completion of the project, the enterprise must commission a certified public accountant to issue an independent audit report on the project expenditures and submit it to the Crown.
6. Final payment: Remaining after the audit report has been cleared.80% The final payment of the grant will be completed and the entire application process will be successfully concluded.

03、Why choose Enterprise Finance

We are not only a counseling service provider, but also an applicant who has just won a "real battle". This dual role gives us an unrivaled advantage for your application.

A team of battle-hardened professionals

We have experienced the entire process from qualification matching, material preparation, government communication to audit response. We understand the logic and focus of the approving officials, and can accurately predict and avoid the common risks in the application, thus significantly increasing the success rate of the project approval.

Provide self-proven, full-cycle services

 We offer not just material organization, but "full-cycle project management" based on successful experience. This includes:

• Design a program that has the highest potential for approval and commercial value in the context of your business;
• Lead the writing of professional and persuasive application documents;
• Assist in following up on the approval process and respond to official inquiries in a professional manner;
• As well as guiding compliance operations and bill management during the project execution period for the final audit and collection of the final payment.

Provide ecological empowerment beyond a single application

BUD application is only one part of the cross-border development of enterprises. Our business covers business registration, tax compliance, intellectual property rights, overseas structure construction, etc. We can take the BUD application as a starting point to provide you with coherent one-stop solutions for Hong Kong company maintenance, mainland market landing, mid- and long-term tax planning, etc., and truly accompany enterprises to realize sustainable growth.

The successful approval of the Enterprise Cai Ying subsidiary is the most hardcore proof of our professional competence. We have personally traveled this road and know exactly where there are curves and shortcuts. Now, we are ready to turn this hard-earned experience into a solid help for your enterprise to develop the market. If you're planning a brand upgrade or entering a new market, the BUD Fund is a great place to start, and we're your reliable peers.