Total Legal Fees of Starting a Sdn. Bhd.
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 Dec 12 2008, 12:59 AM, updated 18y ago
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#1
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Junior Member
393 posts Joined: Jan 2003 From: Wangsa Maju, KL  
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From here, I calculated the total legal fees of starting a Sdn. Bhd.
Total amound RM3400+ But I heard that I need a lawyer and secretary to handle some registration part. I quote it below. Yearly fee payable to:- Secretary: RM960 Tax agent: RM800+ Auditor: Minimum RM500+ However, I've seen companies that help form Sdn. Bhd charging around RM2000 only to start. There should have a RM3000 fee to register my business. Which one is true? |
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Dec 12 2008, 01:42 AM
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#2
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Senior Member
1,473 posts Joined: Nov 2005
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not sure what you are confused about, you can 'start' with 1k, but every year must pay 2-3k to maintain it.
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Dec 12 2008, 02:34 AM
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#3
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Junior Member
393 posts Joined: Jan 2003 From: Wangsa Maju, KL
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But the registration fee is RM3000, isn't it?
So each year, I need to hire lawyer, secretary and auditor to maintain my business. |
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Dec 12 2008, 04:21 AM
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#4
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Validating
127 posts Joined: Oct 2008
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Enterprise cheaper but more liability
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Dec 12 2008, 01:42 PM
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#5
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Senior Member
763 posts Joined: Oct 2008 From: The place of ORIgin
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normally if ur company transaction turnover is not tat big, then u save some cost to hired proffesionals, wat u need only company sec and accountant for tax submission every end financial year
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Dec 12 2008, 05:00 PM
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#6
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Senior Member
1,488 posts Joined: Oct 2004
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QUOTE(H4RRY @ Dec 12 2008, 12:59 AM) From here, I calculated the total legal fees of starting a Sdn. Bhd. The RM3000 is for registering with authorised share capital of RM100,000 to RM500,000 as quoted below. But you can register for up to RM100,000 which would only cost RM1000, so that's why you get companies for RM2000.Total amound RM3400+ But I heard that I need a lawyer and secretary to handle some registration part. I quote it below. Yearly fee payable to:- Secretary: RM960 Tax agent: RM800+ Auditor: Minimum RM500+ However, I've seen companies that help form Sdn. Bhd charging around RM2000 only to start. There should have a RM3000 fee to register my business. Which one is true?  CODE The registration fee for the authorized share capital is charged the following scale and is payable to the Companies Commission: MYR 1,000 for capital up to MYR 100,000; MYR 3,000 for capital MYR 100,000–500,000; MYR 5,000 for capital MYR 500,000–MYR 1 million; MYR 8,000 for capital MYR 1–5 million; MYR 10,000 for capital MYR 5–10 million; MYR 20,000 for capital MYR 10–25 million; MYR 40,000 for capital MYR 25–50 million; MYR 50,000 for capital MYR 50–100 million; MYR 70,000 for capital over MYR 100 million. |
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Dec 12 2008, 10:24 PM
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#7
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Senior Member
5,989 posts Joined: Nov 2005
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QUOTE(H4RRY @ Dec 12 2008, 12:59 AM) From here, I calculated the total legal fees of starting a Sdn. Bhd. The initial fees for getting a company secretary to set up a Sdn Bhd is about RM2,000 (for authorised capital up to 100k). Maybe can even get RM1,800 if you shop around.Total amound RM3400+ But I heard that I need a lawyer and secretary to handle some registration part. I quote it below. Yearly fee payable to:- Secretary: RM960 Tax agent: RM800+ Auditor: Minimum RM500+ However, I've seen companies that help form Sdn. Bhd charging around RM2000 only to start. There should have a RM3000 fee to register my business. Which one is true? Yeah, the secretary's fees about RM60-80/month (so about RM960 per annum like you said). Normally the company secretary will also have an associate who can handle the tax as your tax agent. As for auditing fees, I think they charge according to your revenue. |
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