BUD Special Fund: "Special Fund for Brand Development, Upgrading and Transformation, and Expanding into Domestic Markets"
Funding of up to HK$7 million is available

What is the BUD Special Fund?

The Hong Kong Special Administrative Region Government launched the "Special Fund for Brand Development, Upgrading and Transformation, and Expanding into Domestic Markets" (referred to as the "BUD Special Fund") in June 2012, to help enterprises develop their brands, upgrade their operations, and expand into domestic or foreign markets. Through this program, enterprises can receive funding of up to HK$7 million, with the government subsidizing 25% of the project costs, while the remaining 75% is borne by the enterprise.

Am I Eligible to Apply for the BUD Fund?

Application Requirements for BUD
Application Requirements for BUD
If the application involves local entities executing project measures, the applicant enterprise must have a direct investment relationship with the local entity, meeting one of the following conditions:

1. The applicant enterprise holds more than 50% ownership of the local entity.
2. A shareholder (individual) holding 30% or more of the applicant enterprise also holds more than 50% ownership of the local entity.
3. The applicant enterprise and the local entity are 100% owned by the same group of shareholders (individuals).
Required Application Documents
Required Application Documents
  • Completed BUD Special Fund application form
  • BRC Business Registration Certificate
  • NAR1 Annual Return
  • Sales invoices or receipts of the applicant company
  • Lease agreements
  • Purchase orders
  • Copy of shareholder/applicant’s identity card
  • MPF contribution records for employees in Hong Kong
  • Proof of the direct investment relationship between the applicant enterprise and the local business entity
  • Copies of documents proving the total business turnover for the previous year
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