Incorporated Owners

Since 1970, Hong Kong Government has all along been encouraging and assisting owners of private buildings in forming owners' corporations (OCs) / Incorporated Owners (IOs). As at January 2024, Over 11,000 OCs have been formed in Hong Kong. In accordance with the Building Management Ordinance (BMO), the owners of a private building can form an OC in several ways. (Read Incorporation procedures) or download the brochure here (45Mb - pdf file) as issued by Home Affairs Department - Building Management in 2019.

The Management Committee of the OC/IO shall maintain proper books or records of account and other financial records and shall prepare, not later than 15 months after the date of the registration of the corporation and thereafter every 12 months, an income and expenditure account and a balance sheet, which shall be audited by certified professional accountants.

• Advice on the formation of OC/IO
• Financial advice to Management Committee
• Advice on bookkeeping
• Treatment of surplus fund
• Explanation of accounts
• Statutory audit
• Special area audit
• Accounting on the change from Domestic Management Fund to OC/IO

Our aim is to always provide a comprehensive service to our clients and we tailor our services to their individual requirements.  If you find above helpful, please get in touch.