Enterprises(1) which meet the following criteria are eligible to apply for guarantee under the SGS:
- registered under the Business Registration Ordinance (Cap. 310) and with substantive business operation(2) in Hong Kong;
- an SME(3) under the definition of the Government of Hong Kong Special Administrative Region;
- not an associate of the lender; and
- not carrying on the business of a lender.
“Enterprise” refers to a legal entity which is engaged in any form of business for the purpose of gain. Non-profit-making or non-profit-distributing organisations are not eligible.
(2) Substantive Business Operation
To be eligible for the SGS, an enterprise should have substantive business operation in Hong Kong. A business holding a shell business registration or having most of its main business operation outside Hong Kong will not be regarded as having substantive local business operation.
For details about the requirement, please refer to the "Guidelines on the requirement of "substantive business operation"" issued by the TID.
An SME is a manufacturing business which employs fewer than 100 persons in Hong Kong; or a non-manufacturing business which employs fewer than 50 persons in Hong Kong.
“Number of persons employed” shall include proprietors/partners/shareholders actively engaged in the work of the business, and all salaried employees of the enterprise at the time of submitting applications. Such employees, including full-time or part-time salaried personnel, both permanent and temporary, must be directly paid by the enterprise.