No. 1 New Company Registration In Malaysia
Leave the job to us, so you can focus on growing your business.
New Company / Sdn Bhd Incorporation
- Inclusive of SSM registration fee of RM1,010
- SSM Registration service (RM1,430)
- Unlimited name search on proposed company’s name availability (RM100)
- Registered Office Address for 1 year (RM180)
- First board meeting minutes (RM50)
- Inclusive of first 3 months of secretarial retainer fees (RM180)
** Terms & Conditions apply.
FREE
- Complimentary Advisory & Best-run Business Solutions (RM1,599)
- Trademark search – to ensure trademark friendly company name (RM300)
- Logo Design (RM350)
- 1 hour Business Consultation on compliance requirements (Secretarial, Accounts, HR, Tax etc) (RM500)
Total package
RM5,699++
@ RM1,688**
Why Choose Us
We design the best business solution for your company
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Transparent Pricing
Our pricing is transparent - there's no hidden fee involved. We will ensure the delivery of high quality service which is aligned with the industry.
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Trusted By More Than 1,800 Businesses
We have more than 1,800 client base which spread across multiple industries of scales ranging from RM60k to RM100m annual turnover.
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Catch Up Bookkeeping
Couldn’t keep your books up-to-date? We help you bring those books back on track, catching and correcting any mistakes, and getting you prepared and compliant for this and future tax season.
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Team Of Expertise
Our team consists of more than 30 chartered accountants, so you can always count on us to handle your workload. Save up cost of hiring internally!
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Ongoing Bookkeeping
Consistency is as important as accuracy. We’ll make sure your ongoing bookkeeping is completed quickly and correctly, saving you time, money, and worry, and allowing you to keep your focus on growth.
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Regular Reporting And Fast Turnaround
We help you monitor the financial performance of your business by tracking key financial metrics like revenue, profit margin, and cash flow, and make sure you stay in control.
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LHDN Registered Tax Agent
Forget about the hassle of dealing with tax office. Let them to us, we make sure you will never be late with your lodgments again.
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35 Years Of Experience
Our group of associates are certified members of ACCA, ICAEW and MIA. We add value to our world-class clients by providing them with cost-effective and quality solutions to help them accelerate their business growth.
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Flexible, Tailored Solutions
Whether you're looking for Bookkeeping services for a couple of months, full-time company secretarial services or tax filing, we are open to adjust our scope of services based on your specific business needs.
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Knowledge of IT Infrastructure
Is your business currently running on Xero, QuickBooks or other accounting software? System integration is never an issue for us as we're equally experienced and equipped with the latest technology in the market.
Trusted By Thousands Of Companies
Join our clients in saving hundreds of hours per year on managing finances
1,800+
Happy Clients
35+ years
Experiences
3.6 million+
Hours Saved
LHDN Registered Tax Agent
Chartered Accountant Member of ICAEW
Chartered Accountant Member of ACCA
Certified Members of MIA
Here's what we did for our client, Richard Chan, an e-commerce seller.
Richard* has been selling healthcare products on Lazada and Shopee since 2017.
In 2020, he was making around RM 250,000 in annual profits as a Sole Proprietor. This meant paying around RM 45,000 in taxes. After we worked with him to sort out his accounting and taxes, to declare a certain amount of director's fee and compliance cost, as well as incorporated his company, he will only need to pay around RM 18,000 in taxes, which means nearly RM 27,000 (around 60%) in tax savings!
He has since used these tax savings for the downpayment of his new condo near Mont Kiara.
*Name has been changed for confidentiality reasons.
Like what we did for Richard? We can help you achieve the same level of tax savings too.
Frequently Asked Questions
Is it cheaper to manage a Sdn Bhd than a Sole Proprietor / Partnership?
Sdn Bhd is more expensive to manage — you will have to hire a corporate secretary and submit audited accounts to SSM. However, due to the lower flat company tax rate at 15%/17% (for the first RM 600,000 of your chargeable income), if you are earning more than RM 150,000 a year in profit, based on our calculations and reasonable assumptions, and taking into consideration additional costs involved, converting will still save you more money overall.
- For example, if your profits are RM 250,000 a year, you will save around RM 10,000!
Are there any hidden fees I should know?
By setting up Sdn Bhd, you will need to pay compliance costs like audit fees, secretarial fees and tax agent fees. We have considered these in our calculations and we will advise you accordingly based on your situation. You will also need to do bookkeeping according to Malaysia's accounting standards – which we will be able to assist and provide bookkeeping services depending on the volume of business transactions you have.
What are the requirements to set up Sdn Bhd?
You need a minimum paid-up capital of RM 1.
At least one director residing in Malaysia and is at least 18 years old. All directors should not be bankrupt nor have been convicted in Malaysia within the last 5 years.
What are the procedures like?
If you set up a Sdn Bhd with us, it's as easy as 3 simple and easy steps and we will manage the rest for you:
Choose a package or discuss with us if you want an ala carte service
Choose a name for your new company (We will need to get SSM Approval)
Sign the company incorporation documents (which we will send you)
Once the above is completed, we will incorporate your new Sdn Bhd with SSM immediately. After SSM approves the incorporation, within 3 months, the following will have to happen:
We will be appointed as your company secretary within 30 days of successful incorporation.
You will need to decide on your company's fiscal year-end, which can be any date within 18 months from the date of incorporation and we will advise you accordingly.
The entire Sdn Bhd set up process can be as fast as 2 days if all goes well.
If you currently have an existing Enterprise, reach out to us and we will help you ensure smooth transition when setting up your Sdn Bhd
Besides tax savings, what are the benefits of Sdn Bhd?
By incorporating Sdn Bhd, you enjoy the following benefits and advantages:
Limited liability – It protects you from risks and protects your personal wealth.
Greater access to capital – It's easier to apply for bank loans through Sdn Bhd and you are often able to borrow money at lower rates than Sole Proprietorship and Partnership.
Easier access to bigger contracts – Depending on your paid-up capital, you are able to tender for bigger contracts.
Better branding – Sdn Bhd is often perceived to be more trustworthy by others than Sole Proprietorship or Partnership.
Easy transfer of ownership – You can easily pass your business to your heirs, families, or friends through the transfer of your shares.
What Our Clients Say About Us
*Name has been changed for confidentiality reasons.
Yong
vCFO provided us with a seamless one-stop solution to have our accounting, secretarial and tax services all taken care of hassle-free. They are amazing in advising us on ways to optimise our taxes.
Sim
We have been working with vCFO for more than 10 years and have always trusted them to take care of all our corporate affairs efficiently and professionally. Their personalised service is definitely what we appreciate the most. Knowing that we are in good hands allows us to focus on our business growth.
Desmond
This is a professional team with decades of experience in the industry providing attentive service and working with them is stress-free because everything is taken care of. The real bonus of working with vCFO is their service to go above and beyond to provide valuable financial advice to us.
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