Home / News


Bud Fund In Hong Kong, What Is It About?

Bud Fund In Hong Kong, What Is It About?

From early 2020 to 2022, the Hong Kong government issued their support to open their branch, entering Hong Kong, and then later for Mainland China and South East Asia. This includes the release of Bud Fund which was launched way back then in 2012, as the funding for foreign companies to open their company on Hong Kong, South East Asia, and Mainland China soil.

So, what is Bud Fund and how does it work? Well, BUD is an acronym for Branding, Upgrading, and Domestic Sales, so the Bud is funds that have been launched to support the Branding, Upgrading, and then Domestic sales for a foreign private company that wants to establish their company in Hong Kong soils, or later into Mainland China. 

These funds were used to support several non-listed Hong Kong companies and enterprises to open their market to the growing sales and productions in Mainland China. These funds would help support the Hong Kong enterprises to create their projects, develop their brands, promote domestic sales growth, and promote their sales into Mainland China, supported by the Bud Fund. 

What Is The Bud Fund?

So what are exactly Branding, Upgrading, and Domestic sales fund? Between 2018 and 2020 the Hong Kong government issued a verdict to boost their economic and geographical scope, especially among the ASEAN (Association of South East Asian Nations), alongside many other countries that comes and signed the Free Trade Agreements, with Hong Kong. 

Thus, there have been created two parallel programs that were created to boost Hong Kong's international economy, as well as the geographical strength among these countries, and this agreement is named the Mainland Programme, and FTA (Free trade agreements) program. From these two initial programs, the government then issued the Bud Fund to further boost the productivity of Hong Kong enterprises. 

Bud Fund Application and Its Markets

bud fund

This fund are created and is now available for most of the Hong Kong enterprises that are looking for a way to undertake projects, in foreign soils, but only for those who had Free Trade Agreement or FTA with Hong Kong, alongside Mainland China that included in the Mainland program. 

This includes many ASEAN countries' markets, including Singapore, Indonesia, Thailand, Brunei, Malaysia, Laos, Cambodia, Vietnam, Myanmar, and the Philippines. 

Outside of the ASEAN countries, the BUD also included the funding for projects and trade agreements for many FTA countries' markets, including the four European states included in Free Trade Association: Iceland, Norway, Liechtenstein, and Switzerland. Many other FTA countries such as New Zealand, Macao, Chile, and Georgia.

In the newly released Hong Kong budget, per February 2021, the Bud Fund Hong Kong now covers more countries, including a total of 37 countries that have been newly added to the FTA with Hong Kong. This included but was not limited to the investment promotion, signed pacts, and trade treaties with the FTA countries such as Austria, Belgium, Canada, Luxembourg, Denmark, France, Finland, Germany, Italy, Japan, Korea, Kuwait, Indonesia, UAE, UK, Mexico, Mainland China, and many other including ASEAN nations.

Bud Fund Programs and What They Provide

The initial funding program provided most of the matching basis that covers a maximum of 50% of the total Branding, Upgrading, and Domestic sales project cost. The enterprise alone has to contribute at least 50% or no less than it has to make its projects approved by the Hong Kong government. 

The total cumulative costs of the projects that have been contributed by the company are approximately around HKD 4.000.000. These are the funds required for the company to be included in the Bud Fund lists, for their projects to be approved to create foreign projects, mainly on the ASEAN trade, Mainland pacts, and the FTA country projects.

Limited Company and Unlimited Company in Hong Kong

Limited Company and Unlimited Company in Hong Kong

There are many kinds of different companies, other than what they sell or produce, the company is also divided based on its ownership and the type of its company shareholder liabilities. In many parts of the world, a private company, and sometimes a state company is divided into Limited Company and Unlimited Company. What are their differences, and what is the definition for each of them?

In this article, we will show you the definition of both Limited company and Unlimited Company alongside their differences, and how you set up a company in Hong Kong. We will take Hong Kong as an example of how you should set up a company in Hong Kong, especially for both Limited and Unlimited companies. 

What Is The Definition of Limited Company and Unlimited Company?

Most of the time, the differences between a Limited Company and Unlimited Company lie in the position of their shareholder, alongside their liability and obligations to the company. Some of us might have heard about the Limited Company because it is one of the most popular types, however, it might be quite rare to find or hear about the Unlimited Company.

The Limited Company is a company model where its shareholders aren’t responsible and are liable for the company's debts, or obligations. Meaning that any debts or obligations owed by the company aren’t the responsibilities of their shareholders. However, the company itself is still liable for every obligation and debt that it owes from third-party contracts. 

As for the Unlimited Company, The unlimited company shareholders have unlimited liability, meaning that shareholders are responsible for every debt, liability, and obligation of the company, even when the company when bankrupt and cannot pay. The nature and responsibilities of the shareholders are determined based on the company’s constitution.

The Differences between Limited Company and Unlimited Company

Limited company and Unlimited Company

From the point of view of the shareholders themselves, we can see the difference here. One of the key differences is in the shareholder position and liabilities. Normally, unlimited company shareholders have more power, but at the cost of more liabilities and responsibilities, whereas the limited company shareholders have less power, but they don’t have many obligations and liabilities from their company.

Here are key differences between Limited and Unlimited Companies, especially for privately owned companies.

  • Minimum Capital requirement – For both private limited and unlimited companies, there has no minimum capital requirement to become shareholders, but for Public limited companies, there will be a minimum capital requirement.
  • Limited liability for their shareholders – Private limited company will have limited liability and obligations for its shareholders, whereas an unlimited company has unlimited liability for its shareholder. 
  • Needing Publishing account – For the limited company, they will need a publishing account, but for the private unlimited company, usually, they won’t need it.
  • Several maximum shareholders, and directors – Both Limited and Unlimited Company have their maximum number of directors with a minimum of one, and the shareholders also minimum of one shareholder.



















需到民政事務處民 政諮詢中心,於指定時段辦理。一般而言即日可以辦妥



·離婚證明文件副本;如在香港辦理離婚的人士,須提交絕對離婚令(例如表格 6 或表格 7B)副本

·與未滿 18 歲的子女一同申請,申請者須附上已獲法庭判予擁有子女管養權令副本





需到民政事務處民 政諮詢中心,於指定時段辦理。一般而言即日可以辦妥


懷孕滿 16 週或以上










·如未能提供《僱員薪金證明書》,則須提供遞交申請表前 12 個曆月的糧單或入息證明文件副本。

· 若申請者及相關家庭成員居住在僱主提供的宿舍,須繳付宿舍租金證明文件副本。







·有效的商業登記證 / 小販牌照(如適用)及有關稅務記錄等副本。`


·如屬攤販業務 / 漁民 / 無限公司 / 沒有商業登記人士 / 未能提供證明文件人士,須提交收入及支出證明文件,房委會亦會於審查其申請時將要求相關人士簽署聲明書。


申請者及成年的家庭成員如退休、失業 或沒有從事任何工作





其他收入(股息、紅利、保險計劃收益、 定期利息、長俸、親友餽贈等)









房產:擁有或已協議買賣的物業,例如: 外地住宅、本地或外地商業舖位/工業物業/停車位等














例如互惠基金、單位信託基金、 上市股票、經紀投資按金、商品期貨、 紙黃金、存款證、保險計劃和債券等


經營業務:例如獨資、合夥經營的商號 或有限公司的權益及其業務所擁有的各項資產





例如銀行活/定期 存款包括儲蓄/來往帳戶、港幣和外幣 定期存款、港幣和外幣可動用現金及借 出的港幣和外幣貸款

·銀行存摺(連顯示戶口號碼的首頁)或最近一期帳戶月結單及網上銀 行畫面擷取(必須顯示戶口號碼)