Boss, Ask Me Lah!
Got a question about Sdn Bhd ?
or about Company Secretary ?
Sdn Bhd need to comply with Companies Act, every year need to prepare Audited Financial Statement and submit to SSM.
If we take RM 300,000 as chargeable income , Sdn Bhd need to pay RM 51,000 Tax; whereas for Enterprise need to pay RM 59,150
SSM allow Foreigner to open Sdn Bhd in Malaysia with 100% foreign-owned businesses. As long as there is at least 1 director who is at least 18 years old, and has a place of residence in Malaysia.
How to reduce share capital ?
The share capital of a company is the only security on which creditors rely. So, any reduction of share capital diminishes the fund out of which they are to be paid. As a result, companies with shares are not allowed to reduce the capital frequently.
Can use Sdn Bhd to hold property?