What are the yearly charges to maintain a sdn bhd company?
It is important to know the yearly charges to be spent on maintaining a sdn bhd company before making decision to register sdn bhd company in Malaysia.
First of all, every company (sdn bhd) needs to hold an AGM (annual general meeting) every year. You are required to submit annual return and audited financial statements (audited accounts/reports) to SSM within one month from the date AGM held.
4 professional partners for a sdn bhd company
Thus, you will need the following professional people to help you to meet the compliance requirements:
- Company Secretary – to organise AGM & submission of annual return to SSM
- Tax agent – to compute the tax figures & submission of form C to LHDN (Inland Revenue Board)
- Auditors – to conduct audit on the management accounts & prepare audited financial statements.
- Account person – to prepare full set management accounts for audit purposes
Estimated yearly charges for company having sales less than RM100,000
- Company Secretary – RM1,200
- Tax agent – RM1,200
- Auditors – RM1,500
- Outsourced account person – RM1,800
Total estimation = RM5,700
Estimated yearly charges for company having sales of RM500,000
- Company Secretary – RM1,200
- Tax agent – RM1,500 (or may up to RM2,000, depending on profits)
- Auditors – RM2,700
- Outsourced account person – RM4,800-RM8,000
Total estimation = RM10,200-RM13,400
Estimated yearly charges for company having sales of RM1,000,000
- Company Secretary – RM1,200
- Tax agent – RM1,700 (or may up to RM2,500, depending on profits)
- Auditors – RM3,700
- Outsourced account person – RM7,800-RM14,400
Total estimation = RM14,400-RM21,000
Estimated yearly charges for company having sales of RM2,000,000
- Company Secretary – RM1,200
- Tax agent – RM2,000 (or may up to RM5,000, depending on profits)
- Auditors – RM4,700
- Outsourced account person – RM9,600-RM18,000
Total estimation = RM17,500-RM25,900
Advice from Us:
All the above are merely GENERAL estimated fees & disbursement based on our past years’ experiences handling with our clients cases. However, final fees & disbursement may be increased if additional time & technical skills are required for us to perform on the assignment.
Example of cases require additional time & technical skills are those companies having their business activities as Construction, Developer, Marine, Offshore Oil & Gas, etc.
