You are very very much mistaken. Ever heard of RM2 companies?

The minimum paid up capital for a Sdn Bhd is RM2. Each director subscribes to 1 RM1 share each. Generally, people form a company as an RM2 company with *authorised* capital of RM100k, and then gradually pump money into it. The cost of setting up a Sdn Bhd company would vary depending on who you engage to set it up for you, but would be around the RM2200 figure.

This post has been edited by badawi_rocks: May 14 2006, 08:04 AM

Yes you can. Every year, you have to pay auditor's fees. You also have to pay secretarial fees of about RM70 a month.

This post has been edited by badawi_rocks: May 14 2006, 08:06 AM

Not really. There are provisions relating to personal liability for directors even in a Sdn Bhd. This usually occurs where there is bad faith or fraud on the part of the director.