How Much Is the Maintenance Fees of a Private Limited Company (Sendirian Berhad) for a Year?

The maintenance fees for a private limited company (Sendirian Berhad or Sdn Bhd) in Malaysia can vary based on several factors, and it's important to consider different costs associated with the ongoing compliance and administration of the company. Here are some common expenses:

1. Annual Compliance Fee:
The Companies Commission of Malaysia (SSM) charges an annual fee for the maintenance of a company. The maintenance fees can range within RM1,000 included submission for Annual Return and Audited Report.

2. Company Secretary Fee:
A company is required to appoint a qualified company secretary. The fee for company secretarial services can vary depending on the complexity of the company's structure and the services provided by the company secretary. (RM80 per month)

3. Accounting and Taxation:
Engaging accounting services to maintain proper financial records and fulfill annual tax obligations is essential. The cost will depend on the complexity of the company's financial transactions and the scope of services provided. The fees of a DORMANT private limited company should be at the range of RM2,500.00 to RM3,000.00. (Include Bookkeeping fee and Tax Agent fee)

4. Audit Fee:
Private limited companies meeting certain criteria are required to undergo an annual audit. The audit fee will depend on the size and complexity of the company's financial records. The fees of a DORMANT private limited company should be at the range of RM1,500.00 to RM2,000.00.

5. Other Compliance Costs (if applicable):
Depending on the nature of the business, there may be additional compliance requirements and associated costs. This could include licenses and permits for specific industries.

It's important to note that fees can vary based on the service providers chosen, and changes in regulations may also impact costs. It is recommended to obtain quotes from different service providers and clarify the scope of services covered by the fees. Additionally, staying informed about any updates to fees and regulations from the relevant authorities is crucial for accurate budgeting.

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