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PrestoOffice | Malaysia’s #1 Digital Corporate Secretarial Services

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Corporate Secretarial Services

Malaysia’s #1 Digital Corporate Secretarial Services

Why Digital Corporate Secretary?

We provide an online platform to help entrepreneurs effortlessly register their company in Malaysia. Here are the key features of our platform.

Online incorporation

  • No more manual interactions and visits. Just access the portal and get started!
  • The online incorporation procedure is simple. All you need to do is fill out an online incorporation form and sign the relevant documents.

Cloud corporate secretarial services

  • We store all the statutory forms on the portal.
  • You’ll have easy access to your company’s information from anywhere at any time.

Reduced paperwork

  • We accept both electronic and wet ink signatures.
  • Reduces unnecessary paperwork and speeds up the process.

Time-saving

  • By going digital, get surprised by how fast we get things done! It only takes half the time to complete tasks compared to traditional methods.
  • Post your question/request directly on the portal without visiting the office.

Cost-saving

  • Our premium package includes 6 months of secretarial fees and you could request up to 12 tasks.

Responsive

  • Respond within hours during regular business hours and in a single business day.
  • You can raise your queries in our helpdesk anytime.

Transparent pricing

  • No hidden cost or hourly rate. We have a price list for the services that we offer.

Collaboration with Presto

  • Allows Presto’s merchants to gain access to the secretarial and business services within the same ecosystem.

Experienced and licensed secretaries

  • Our team consists of trained professionals with more than 10 years of experience to advise you.

The Benefits of Setting Up a Sdn Bhd Company in Malaysia

Selecting the right form of business can be decisive to the success of your business. A private limited company (also known as a Sdn Bhd company) is a common business type in Malaysia. Check out the information below to know more about setting up a private limited company. 
  • 1

    Separate legal entity

    Capable of exercising the functions of a corporate body and carry on any business or activity.

    • to sue and be sued
    • to acquire and own any property
    • to perform any act or to enter into transactions
  • 2

    Limited liability

    The member’s liability is limited to the capital that they have invested in the company. It protects the member from risks to their personal wealth.

  • 3

    Raising capital

    More options available to raise capital - issuance of new shares or loans from financial institutions. For enterprises, there are limited options and the owners might have to raise funds at a risk to their personal assets.

  • 4

    Perpetual succession

    Continues to exist despite changes of ownership.

  • 5

    Taxes

    Corporate tax can be more beneficial than paying additional individual income tax since there might be some tax-exemption benefits.

    Do note that company directors are responsible for submitting their company’s tax file registration and Form E. Form E is required to be submitted by every 31st March of the subsequent year from its year of incorporation to the Inland Revenue Board of Malaysia.

  • 6

    Preparation of audited financial statements

    Pursuant to Companies Act 2016, the company directors shall prepare financial statements within 18 months from the date of its incorporation; and subsequently, within 6 months of its financial year end.

  • 7

    Statutory compliance

    The company directors are responsible for statutory compliance and reporting requirements to the relevant authorities such as annual returns, audited financial statements, and income tax statements.

An enterprise is the easiest and cheapest type of business to set up but it provides nearly no protection to the owner and lacks legal protection. As your business grows bigger, it is advisable to set up a private limited company to separate your personal self from the business.

Running a company is relatively expensive and there are stringent regulations to observe. It might be arduous to maintain a private limited company but we are here to help you. We provide corporate secretarial services to guide you in every step of setting up a company.

What is a Company Secretary and why do you need us?

A company secretary is an officer appointed by the board of directors to share legal responsibilities.

A qualified company secretary shall be a member of or licensed by any one of the prescribed professional bodies recognized by Companies Commission of Malaysia and qualified to be a company secretary.

Appointment of a Company Secretary

According to Section 235 of the Companies Act 2016, a company shall have at least one secretary who shall be –

  • a natural person;
  • 18 years of age and above; and
  • a citizen or permanent resident of Malaysia

Do take note that the appointment of the first secretary shall be made within 30 days from the date of incorporation of the company.

Role of a Company Secretary

A company secretary is an officer who is endorsed with great responsibilities and power especially in the following matters:-

  1. compliance with statutory requirements
  2. attend meetings and prepare resolutions for the board and its members
  3. maintain statutory books and records
  4. act as intermediaries among stakeholders, such as the director, shareholder, and government

Hence, a company secretary shall use reasonable diligence in the discharge of their duties as a secretary.

Company Director: Things to Know

Company directors are appointed and empowered by the members/shareholders to manage and run the company
  • A director’s eligibility

    To be a company director, the following requirements must be fulfilled:-
    • at least 18 years of age;
    • not an undischarged bankrupt;
    • has not been convicted of an offence relating to:-
      1. the promotion, formation or management of a corporation;
      2. bribery, fraud or dishonesty; and
      3. section 213, 217, 218, 228 and 539
    • has not been disqualified by the Court due to their directorship in two or more companies which went into liquidation for the past five years.

  • A director’s role
  • Things to bear in mind

Basic Checklist for Online Incorporation

To ensure a smooth transaction, we advise you to submit a complete set of documents as per the requirements.

Guide for Incorporating a Private Limited Company

Here’s how you can incorporate your company with us within 3 – 5 working days.

Types of Business

Selecting the right type of business can be decisive to the success of your business. 

Enterprise Private Limited Company
General definition Refers to Sole Proprietorship or Partnership that can be set up by individual(s). A business owned by private individual(s) or corporation(s) which enjoy limited liability.
Owner For Sole Proprietorship, it needs only 1 person. For Partnership, it ranges from 2 to 20 persons. 1-50 members/shareholders.
Liability Does not provide a separate legal entity and the owner(s) is/are personally accountable for debts and liabilities. A member’s liability is only limited to the capital that they have invested into the company. It protects the member from risks to personal wealth unless they have made a personal guarantee for the debt.
Raising of capital Limited options for an enterprise to raise funds and the owner(s) might have to raise funds at a risk to their personal assets. More options available as a company can choose to raise funds by way of issuance of new shares or loans from financial institution.
Taxes Profit is taxed at personal income tax rate. Corporate tax can be more beneficial than paying additional individual income tax and there might be some tax-exempt benefits.
Perpetual succession The business will be dissolved upon the departure of one or more of the owners. A company continues to exist despite of the changes in ownership.
Compliance requirements Minimal responsibilities. Stringent requirements. A company is required to conduct annual filings even if a company has become dormant.
Fees Relatively simple and low cost to maintain an enterprise. A company will need to spend significant sums of money to conduct mandatory submissions.
In a nutshell, sole proprietorship and partnership are traditional business types that are the easiest and cheapest to set up. However, the truth is it provides nearly no protection to the business owner and lacks legal protection.

As your business grows bigger, it is advisable is set up a company to separate your personal self from the business. Running a company is relatively expensive and there are stringent regulations to observe. But the owners could gain from the advantages of limited liability, tax benefits, and ease of raising capital.

Select a Plan to Proceed

BASIC
Secretarial Basic
RM 2188.00
For 1 month
  • Name reservation for up to 3 desired company names
  • Submission of Incorporation documents
PREMIUM
Secretarial Premium
RM 2388.00
For 6 months
  • Name reservation for up to 3 desired company names
  • Submission of Incorporation & preparation of post-incorporation documents
  • Certificate of Incorporation
  • Registered office
  • 6 months Secretarial Fees    
  • Free 12 tasks (credits) within 6 months including resolution & CTC documents
  • Maintaining the Register such as Register of Members, Directors, Managers and Secretaries
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