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 Enterprise vs Sdn Bhd, Taxes question.

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post Jun 6 2020, 10:09 PM

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Just in general but you don't need to have anyone you know personally become a Director in case you don't trust them. From what I've seen long-term staff of your Company Secretary can fill in as a sleeping Director. Sdn Bhd also has significant expenses though even for dormant companies. Expect to pay at least a few thousand per year for Income Tax Agent/Secretary/Audit fees even if you're not doing business. If you're not serious about running the business then Sdn. Bhd. is a bad choice because you have regulatory requirements under the Companies Act 2016 and the Income Tax Act 1967 which require filings every year and that costs certain roughly fixed amounts. If you fail to do so then you'll get fined by SSM and IRB for not-insignificant amounts. Most small-time Audit firms have a related Secretary firm which makes it easier for them to handle your affairs.

 

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