WHAT IS THE EMDG GRANT?
The Export Market Development Grants (EMDG) scheme is a key Australian Government financial assistance programme for small to medium aspiring and growing export-ready businesses.
It encourages businesses to increase international marketing and promotion expenditure to achieve more sustainable international sales.
It also provides businesses with an opportunity to enter and embed themselves in global value chains – something that encompasses 80 per cent of global trade.
EMDG recipients include many of Australia’s best known exporters. The vast majority of recipients report that the scheme is invaluable in helping them access new markets, and develop better international business and cultural understanding.
THE KEY INFORMATION
WHO CAN APPLY?
An Australian individual, partnership, company, association,
cooperative or statutory corporation that has:
Carried on business in Australia
Promoted the export of goods
Promoted the delivery of services outside Australia
Promoted certain services in Australia to non-residents
Promoted inbound tourism
Promoted the export of intellectual property and know-how outside Australia
An income of less than $50 million for the year
Spent at least $15,000 on eligible export promotional activities.
A trustee may also apply on behalf of a trust.
WHat do you get?
Up to 50 per cent reimbursement of eligible expenses,
Less the first $5,000
Each applicant may receive a grant of up to $150,000
Per application, to a maximum of eight annual grants
Grants are regarded as assessable for income tax
The Australian Taxation Office has confirmed that GST will not apply to EMDG grants.
SPECIAL APPROVAL APPLICANTS
Industry associations and joint ventures are able to seek ‘special approval’ status from Austrade to enable them to apply for a grant. Special approval status is effective for five years from the approval date.
If you would like further information about how to apply for these special status categories please contact us & we can step you through the process & grant .
When to Apply
You must complete and submit your online application, including the required documents, between 1 July and close of business 30 November, or you can use an approved EMDG Consultant who can lodge a claim on yourbehalf until 28 February.
WHAT CAN BE CLAIMED
The expenses that can be claimed through the EMDG Grant are:
Overseas representation expenses
Marketing consultant expenses
Marketing visits expenses
Free samples expenses
Trade fairs, seminars, in-store promotions
Promotional literature and advertising expenses
Overseas buyers expenses
Registration and/or insurance of eligible intellectual property expenses.
what can not be claimed?
Relate to trade with New Zealand and North Korea, and with Iran up to and including 17 January 2016
Are of a capital nature
Relate to sales or product development
Are fraudulent, unsubstantiated or related to an illegal activity.
The GST component of incurred expenses cannot be claimed under EMDG.
the application process
The E&C Process:
EMDG pre-qualification meeting
Data collection- qualitative & quantitative
Estimate of benefit
Delivery of Service