There a lot of advantages to set up a Sdn Bhd Company as compared to a type of Sole Proprietorship or Partnerships. However, there are some annual maintenance service fees that a company has to incur. The annual maintenance service fees are different from one company to another company and it mainly depends on business turnover or sales, volume of business transactions and total assets of that particular company for a particular financial year.
The followings are the estimated annual maintenance fees for a company which has a turnover or sales ranging between RM100,000 to RM500,000:
- Annual Secretarial Fee of RM780.
- Annual Documentation and Filing Service Fee of RM350 to prepare and submit Annual Returns to SSM (inclusive of SSM Fee of RM150).
- Annual Documentation and Filing Service Fee of RM200 to submit Audited Financial Statements to SSM (inclusive of SSM Fee of RM50)
- Annual Accounting Service fee of RM1,200 to RM3,000 to prepare management accounts and financial statements to be audited. The fee is only applicable to those companies which do not have accounting personnel to manage and prepare their financial statements to be audited.
- Annual Audit Service Fee of RM800 to RM3,000.
- Annual Tax Filing Service Fee of RM500 to RM1,200 for Computation of Company's Income Tax and submission of Tax Returns to LHDN.
The estimated annual maintenance service fees payable as mentioned above are the only estimated cost which are only applicable to those companies that decide to choose our firm's services. Of course the fees are still negotiable. Please call us for free consultation and quotations.