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Navigating the Essentials: Understanding BUD Fund Audit

In the realm of international trade and business expansion, securing funding through governmental initiatives can be a pivotal step towards growth and sustainability. Among these opportunities, the BUD (Dedicated Fund on Branding, Upgrading and Domestic Sales) Fund stands out as a crucial support mechanism for Hong Kong enterprises aiming to explore new markets and enhance competitiveness. However, like any government-funded program, adherence to regulations and accountability are paramount, which is where the concept of a BUD Fund audit becomes essential. What is the BUD Fund? Established by the Hong Kong government, the BUD Fund aims to assist local enterprises in branding, upgrading their business operations, and exploring new markets outside Hong Kong. It provides financial support to eligible projects that meet specific criteria, facilitating businesses in achieving higher productivity and competitiveness in the global market. Understanding BUD Fund Audit A BUD Fund audit...
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How to Apply for a Working Visa in Hong Kong Easily

 


While Hong Kong frequently fills job openings with local specialists, it is well known that businesses find it challenging to secure work visas. But, you may prove that your personnel are qualified for the position by learning the appropriate credentials and conducting the necessary research. Also, many businesses benefit from the fact that applying for a visa in the nation is free.

Hong Kong Work Visa Categories

The General Employment Policy is where most persons who relocate to Hong Kong for work apply for work visas. Usually, only a limited number of these sorts of visas are granted. Candidates need to have a job offer from a sponsoring employer that has been confirmed in order to be eligible.

Hong Kong has increased options for foreign nationals to apply working visa in hong kong through the Top Talent Pass Scheme.

Conditions for Obtaining Hong Kong Work Visas

A declaration from you outlining the role is required if your employees are submitting an application for a Hong Kong work visa. The application will be evaluated by the Department of Immigration for:

·         a doctoral degree

·         equivalent to local standards in terms of pay and working conditions

·         involvement in the local economy

·         not having a native occupy that specific post

Particularly if they're hiring people from all over the world, businesses can struggle to demonstrate that they couldn't locate a local to fill a post. Despite this, the immigration authorities frequently accept the evidence they are given.

If your staff want to bring their family to Hong Kong, they will need to fulfil additional conditions. Employees are required to demonstrate their sincere marriage and the existence of dependent children under the age of 18. They must demonstrate their ability to financially support and accommodate a family. An additional work permit can be obtained if a spouse wishes to work in Hong Kong as well.

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