How much does the Hong Kong Trade Development Council subsidize a booth for participating in an exhibition in Hong Kong?
The Hong Kong Trade Development Council provides 50% of the cost of each exhibition booth to local or overseas companies participating in exhibitions organized by it. The subsidy is capped at HK$10,000, with a maximum of 10 booths or HK$100,000.
The Hong Kong Trade Development Council (HKTDC) is a department of the Hong Kong Special Administrative Region government dedicated to promoting trade and investment in Hong Kong. In order to help small and medium-sized enterprises expand into the international market, the HKTDC will provide booth subsidies for exhibitions held in Hong Kong. So, how much is the booth subsidy for participating in the exhibition? This article will explain it to you in detail.
1. Subsidy Amount
The amount of booth subsidies provided by the Trade Development Council to small and medium-sized enterprises participating in exhibitions varies depending on the type and scale of the exhibition. Generally speaking, the rental subsidy for each standard stall ranges from 50% to 80%. This means that if an SME rents a standard stall at an exhibition, it only needs to pay part of the rent, and the rest will be borne by the HKTDC.
2. Application conditions
1. To apply for the HKTDC booth subsidy, small and medium-sized enterprises must meet the following conditions:
2. Must be registered in Hong Kong Company or organization;
3. The exhibition participating must be an international trade show held in Hong Kong;
4. The applicant must be an exhibitor displaying products at the exhibition;
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5. Applicants must meet other relevant requirements of the HKTDC.
3. Application process
1. To apply for booth subsidies from the Trade Development Council, small and medium-sized enterprises need to follow the following steps:
2. Before the exhibition , go to the official website of the Trade Development Council to download and fill in the booth subsidy application form;
3. Prepare relevant supporting documents, including company business license, exhibition contract, etc.;
4. Fill out the application form Submit the application form and relevant supporting documents to the HKTDC;
5. Wait for the review results. If the application is successful, the HKTDC will notify the applicant to receive the subsidy.
In summary: The Hong Kong Trade Development Council provides certain booth subsidies to small and medium-sized enterprises participating in the exhibition to reduce the cost of participation. The amount of the subsidy varies depending on the type and scale of the exhibition, and can reach up to 80% rent reduction. To apply for stall subsidies, small and medium-sized enterprises need to meet certain conditions and submit applications in accordance with the prescribed procedures. By understanding the booth subsidy policy of the Trade Development Council, you can better help small and medium-sized enterprises expand the international market. Legal basis: Article 28 of the "Social Insurance Law of the People's Republic of China"
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