Sdn Bhd Set-Up Cost in Malaysia for an Online Business

Government fees listed by SSM

• Name reservation: RM50 per name applied for. An approved reservation is held for a limited period, then must be used or extended.
• Incorporation of a company limited by shares: RM1,000.

Other costs to expect

• A company secretary must be appointed within 30 days of incorporation, and the secretary must be a qualified person.
• A registered office address in Malaysia.
• Company constitution and director details. A constitution is optional for a company that adopts the model rules.
• Professional fees if you use an agent to incorporate.
• A business bank account, which banks usually require the SSM documents to open.

Ongoing Annual return filing with SSM, tax return (Form C), accounts preparation and, unless a statutory exemption applies, an audit. Tax and compliance costs depend on turnover and complexity.

SSM updates its fee tables and processes, so use the live fee table before budgeting. Source: SSM Table of Fees (companies).