Eligibility Criteria

Employers regulated by prescribed statutory bodies are eligible for FIRST.

Regulators Eligible employers
Authorised by the Hong Kong Monetary Authority Licensed banks, restricted licence banks, deposit-taking companies, and stored value facility (SVF) licensees
Licensed by the Securities and Futures Commission Firms with non-temporary non-provisional licence and carrying out any of Type 1 to Type 10 regulated activities under the Securities and Futures Ordinance
Authorised by the Insurance Authority Insurers and insurance intermediaries (including insurance agencies and insurance broker companies; not including individuals)
Approved by the Mandatory Provident Fund Schemes Authority Trustees
Registered with the Hong Kong Institute of Certified Public Accountants CPA firms and corporate practices

Number of subsidised new hires

An eligible employer may apply for subsidy for between one and 25 eligible new hires. The number, if above one, will be capped at 5% of its existing number of employees and such will be rounded off to the nearest whole number, except for number of employees below 30, of which the eligible headcount will be one.

Requirements for new hires

  • Must be a Hong Kong permanent resident
  • Intended to be employed for at least 12 months
  • Must work for at least 30 hours per week
  • Must not have been employed by the same applicant company or its affiliate within the past 12 months
  • Be a net increase in the applicant company’s number of employees against the reference date chosen

    For more details, please read “Position and employee” section under FAQs.

Responsibilities of applicant companies

By making an application for FIRST, the eligible employer undertakes:

  • to monitor for and report promptly any circumstance which has affected or will affect its eligibility or the amount of subsidy it may receive;
  • to ensure that all the subsidy will be applied to pay for the salary of the new hire; and
  • not to apply to more than one job-creation or job support scheme financed by public funds for the same new hire for the same period.

For more details, please read “Application procedures” section under FAQs.