Owners with plans to expand their businesses abroad can do so with a grant from the SME Export Marketing Fund (EMF). There are certain criteria which must be fulfilled by any Hong Kong SME seeking to receive a grant. These criteria must be fulfilled so that the government of Hong Kong will be able to verify that the SME in question is operating in a legitimate manner and is genuinely deserving of an EMF grant.
1) The most important requirement to be fulfilled by any SME which is to receive an EMF grant is that the SME in question must have been registered in Hong Kong.
2) This registration must have been completed according to the specifications of the Business Registration Ordinance which governs all business activities in Hong Kong.
3) The SME must also be able to be officially defined by the government of Hong Kong as an SME. Manufacturing companies are SMES if they employ fewer than 100 employees in Hong Kong. Any other company is an SME is when it employs fewer than 50 employees in Hong Kong.
4) When an SME applies to the authorities in order to obtain the grant, the SME must also be having substantive business operations in Hong Kong at that time.
5) Should the SME have its primary location of business operations outside Hong Kong or hold a shell business registration, it will be denied this privileged status.
If the SME in question has received EMF grants in the past, the total value of all the grants received by that SME must not be in excess of the current upper limit for cumulative grant value received. Enterprises with similar business registration details will be regarded as enterprises which are connected. For such purposes, all such connected enterprises are regarded by the authorities as being the same enterprise.
Therefore, the total value of all the EMF grants received or to be received by each of the connected enterprises are combined, and this combined value is not to exceed the upper limit for cumulative EMF grant value.