Home Knowledge Hong Kong Investments in Hong Kong Guide to Hong Kong Distance Business Programme (“D-Biz Programme”)
1. |
Funding Scope |
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The Programme covers 12 categories of IT solutions relating to distance business:
* Application projects should be commenced within one month upon the signing of funding agreement and completed within six months. |
2. |
Eligibility |
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Applicants must meet the following conditions: |
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(1) |
All private enterprises (excluding publicly listed companies, statutory bodies and non-government organisations funded by the Government) with a valid Business Registration Certificate or the Notification of Commencement of Business by Corporation (IRBR200) which specifies its business commencement date. |
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(2) |
Ongoing business commenced before 1 January 2020 |
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(3) |
Substantial business operation in Hong Kong, which is related to the project |
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(4) |
Related entities (setting up as different legal entities but having the same individual(s) [up to the ultimate level of natural person(s)] each holding 30% or more ownership in such entities) would be treated as one single entity. Applicants are required to indicate and declare in the funding application as to whether any of their related entities have applied for or received funding support under the D-Biz Programme at the time of application. |
3. |
Amount of Subsidy |
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Each enterprise could submit only one application which contains at most three IT solutions. The funding ceiling for each IT solution is HKD100,000 and the total funding ceiling of each enterprise is HKD300,000. *Related entities (setting up as different legal entities but having the same individual(s) [up to the ultimate level of natural person(s)] each holding 30% or more ownership in such entities) will be regarded as the same enterprise when calculating the cumulative funding ceiling. |
4. |
Materials Required for Application |
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The following documents and information are required in the application of D-Biz Programme: |
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(1) |
A copy of Business Registration Certification or Notification of Commencement of Business by Corporation (IRBR200) which specifies its business commencement date. |
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(2) |
A copy of the latest Annual Return of the Companies Registry (Form NAR1). |
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(3) |
A copy of the Hong Kong Identity Card of the individual(s) holding 30% or more of the ownership of the applying enterprise. |
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(4) |
A copy of documents evidence proving that the enterprise has substantive business operations in Hong Kong (ie. Invoices/ receipts issued within three months, the latest audited account, Profits Tax Returns and Profits Tax Assessments) |
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(5) |
Copy of documents evidence showing the employees’ information (ie. MPF contribution records, salary payment records) |
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(6) |
Bank statements |
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(7) |
Copy of quotations (must include the details contact information of the bidders) |
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(8) |
Copy of signed probity and non-collusive quotation / tendering certificate(s) |
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(9) |
Quotation(s) for audit fees (if applicable *) |
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*Projects with approved funding more than HKD30,000 could include audit fees (capped at HKD3,000) in the project expenditure. |
5. |
Application Period |
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Application is open from 9 am on 18 May 2020 (Monday) to 6 pm 31 October 2020 (Saturday). |
6. |
Application Process |
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The D-Biz Programme only accepts online application. Upon receipt of application, Hong Kong Productivity Council will conduct eligibility check and preliminary screening. The process time is approximately 10 working days. Eligible applications will be considered by the “D-Biz Programme Vetting Committee”. Application will be assessed based on the relevance of the proposed project to the applicant’s business, reasonableness of the budget and implementation details, capability of the service provider(s). |
7. |
Disbursement of Grant |
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Upon approval of an application, the applicant enterprise will receive 30% of the subsidy amount after signing the funding agreement. When the project is completed, the enterprise must submit the following documents within two months for the disbursement of the final payment.
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8. |
Audit and Application Services |
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Kaizen is a public accounting firm licenced in Hong Kong and is equipped with adequate expertise to prepare and issue the CPA certification/assurance report for the purpose of application for the funding. In addition to the audit/assurance service mentioned above, we can also handle the application for the D-Biz Programme funding for and on your behalf. Our application services include: (1) Providing advices regarding the application, and (2) Filling in and submitting the application. We also provide services assisting you in the preparation of final report of the subsidy IT solutions. |
Disclaimer All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage. |