The SME loan services, which are related to The implementation of the Subsidy Scheme for Encouraging Enterprise Upgrading and Development, are provided by Bank of China Limited Macau Branch. The implementation of the Subsidy Scheme for Encouraging Enterprise Upgrading and Development aims to encourage business owners to enhance their enterprises’ competitiveness, facilitate moderately diversified and sustainable economic development, and is particularly for achieving the objectives of industrialization, technological innovation, enterprise transformation, operation and production condition enhancement, and others.

Policy Statement

Interest or rental subsidy is offered to eligible business owners who, by means of bank loan or financial leasing, carry out investment projects in the Macao SAR that benefit the achievement of the aim of this scheme, with a maximum subsidy period of 4 years. The maximum annual subsidy rate, the maximum limit of total loan/rental amount eligible for subsidy each year, as well as the maximum loan/rental amount eligible for subsidy each year for each beneficiary of this subsidy scheme are subject to determination by Chief Executive’s Decision published in the Official Gazette of the Macao SAR.

Loan Interest Subsidy:

According to Chief Executive’s Decision No. 39/2021, the maximum annual subsidy rate for loan interest subsidy is 4%, the maximum total loan amount eligible for subsidy each year is MOP600,000,000.00, and the maximum amount of loan eligible for subsidy each year for each beneficiary is MOP10,000,000.00.

Financial Lease Rental Subsidy:

According to Chief Executive’s Decision No. 39/2021, the maximum annual subsidy rate for financial lease rental subsidy is 4%, the maximum total financial lease rental amount eligible for subsidy each year is MOP200,000,000.00, and the maximum financial lease rental amount eligible for subsidy each year for each beneficiary is MOP10,000,000.00.

Projects Eligibility

Projects eligible for interest subsidy:

1. Purchase of industrial or commercial property facilities

2. Building of new facilities, extension of existing facilities, maintenance and upgrade existing facilities

3. Purchase of new equipment, especially intelligent equipment

4. Purchase of new vehicle, ship, or aircraft

5. Purchase of information software or system

6. Acquire Intellectual rights

7. Acquire franchise agreement

Projects eligible for rental subsidy:

1. Finance lease new equipment, especially intelligent equipment

2. Finance lease new vehicle, ship, or aircraft

Requirements for Applying

Requirements for applying for an interest-subsidized loan:

1. Must be a bank loan provided by a local bank;

2. Minimum Tenor: not less than 1 year, and term loan.

3. The currency unit must be MOP.

4. The minimum loan amount eligible for interest subsidy is MOP600,000

5. The loan contract must specify the purpose of the loan, the date of availability, the payment cycle and period of principal and interest.

Note 1: For loan interest rate lower than 4%, the actual interest rate charged will be subsidized.

Note 2: The tenor of the loan agreed by the Bank will not be subject to the 4-year limit.

Requirements for financial leasing contract applying for a rental subsidy:

1. The Lessor is a financial institution licensed to operate financial leasing business in Macao or a subsidiary of a financial leasing project.

2. Lease period not less than 1 year.

3. The currency unit must be MOP.

4. The total rent for each installment shall not be less than MOP600,000.

5. The rent is the same for each installment, and the delivery of the leased object is the effective condition of the financial lease contract.

Service Target and Application Eligibility:

Basically all sectors of economic activities (industries) may apply for the subsidy, except for enterprises engaging in financial services or carrying out economic activities under a public concession or sub-concession.

Business owners who invest in the Macao SAR for achieving the aim of this scheme and meet the criteria below are eligible to file an application:

• Natural persons or companies that have declared commencement of business in accordance with law;
• Not engaging in economic activities under a public concession or sub-concession;
• Non-financial enterprises;
• Not having any debt that is being collected via the tax enforcement process;
• Being under appropriate financial and operational status;
• Holding the licence or certificate of equivalent nature required by law to carry out the business activity (Written statement is required for those whose said licence or certificate was not available at the time of application due to the business activity was under preparation).

Application Document

1. Fill out an Application form ((Available to download from the Macao Economic and Technological Development Bureau's official website：https://www.dsedt.gov.mo/zh/web/public/pg_ii_pbdve_daf_refresh=true)；

2. he copy of the loan or financial lease contract or other documents with equivalent certification;

3. Copy(ies) of the ID document(s) of the owner or shareholders;

4. Holding the licence or certificate of equivalent nature required by law to carry out the business activity (Written statement is required for those whose said licence or certificate was not available at the time of application due to the business activity was under preparation);

5. Supporting documents for investment projects;

6. Other document(s) and information that can be provided to the Committee as reference(s).

(Information released by the Macao Economic and Technological Development Bureau shall prevail.)

BOC SME Service - Loans

• Easy Money
• Mortgage Easy

Remarks:

1. Please contact our Relationship Managers to confirm the eligibility of the entities∕institutions for this product.

2. All application is subject to the final approval of the Bank. Other terms and conditions apply.