Sdn Bhd (Sendirian Berhad) is a private company limited by shares where its shareholder(s)' liability is limited to the amount of shares held. It is a separate legal entity with full capacity to carry on or undertake any business or activity including to sue or be sued, manage property, and carry out transactions.
To incorporate a Sdn Bhd, you need to be at least 18 years old, reside in Malaysia, and are not disqualified under Section 198 of the Companies Act 2016.
If you are a foreigner who is not residing in Malaysia, you will need to partner with at least 1 director who resides in Malaysia.
Only 1 director who can also act as the sole shareholder of the company is needed in order to start a Sdn Bhd.
The minimum paid-up capital of a Sdn Bhd is RM1.00. However, we recommend at least RM1,000 in paid-up capital as this will match the minimum required deposit at the bank.
Yes, you can. However, every company needs to have at least 1 director with ordinary residence in Malaysia. That can be yourself or a Malaysian partner. If you're the sole director of the company and not a malaysian citizen, we may have to request information about your visa.
While 'switching' your business entity is not possible as they are of different nature, you can register a new Sdn Bhd and run the business under the new company before terminating the existing enterprise, partnership or LLP.
According to Section 236 of the Companies Act 2016, all Sdn Bhd must appoint a company secretary within 30 days from the date of incorporation. If you incorporate your Sdn Bhd through Foundingbird, Foundingbird will automatically appoint your company secretary.
Besides assisting you with company incorporation, a company secretary is also responsible of:
No, registered address is not necessarily your business address. Registered address is usually the company secretary office that is open and accessible to the public during ordinary business hours. This is where all companies documents as ordered by the companies act 2016 need to be kept.
You may operate your business at any other address, which would then constitute as your business address.
Unfortunately, no. According to the Companies Act 2016, there must be at least 1 director who ordinarily resides in Malaysia in order to incorporate a Sdn Bhd. This may be yourself or your business partner (other director).
Unfortunately, no. A new Sdn Bhd cannot use the same name as any existing business entity even if they are owned by the same person. Any company names that may be confused with another existing company in the system is not allowed.
Yes, you can. However, there is a holding period of 2 years before the existing Sdn Bhd name can be re-used by a new entity.
Foundingbird is a digital company secretary in Malaysia that provides online company registration with SSM, company secretarial services and hassle-free business administration via a dedicated dashboard for your company.
Yes, it is completely legal. Our company secretaries are licensed and compliant with the requirements set by SSM. In fact, SSM encourages online company registration through the MyCoID portal. Through Foundingbird, you do not have to do it yourself and visit the SSM counter for identity verification purposes.
Here's an overview of the whole online process of Sdn Bhd incorporation through Foundingbird which can be done either through our website or mobile app:
It takes 3 - 5 working days to incorporate your Sdn Bhd, subject to approval by SSM.
It is advisable to prepare the following details before filling in the incorporation form:
Director(s) and shareholder(s) details:
Through Foundingbird, there is no need for physical appointment with a company secretary, visit to a SSM counter, or managing any paperwork. The Foundingbird Sdn Bhd incorporation flow is fully online, from filling in the form, making payment, to identity verification, everything can be done from the convenience of your home.
Besides, you can access your company documents through the Foundingbird app and get various business deals that can help facilitate your business growth. In the future, accounting and payroll management system will be integrated into the app as well.
After receiving the notice of registration, certificate of registration, and Superform 14, we will email all directors to electronically sign the first board resolution and the letter of company secretary appointment. After that, we can proceed with opening a business bank account.
Most company documents (except CTC documents) can be signed electronically. The documents such as the board resolution will be sent to you for electronic signature through email. Electronic signature is enforceable according to the Electronic Commerce Act 2006.
Unfortunately, no. Foundingbird is currently operating in Malaysia only.
Unfortunately, no. Foundingbird is automatically appointed as your company secretary when you incorporate your Sdn Bhd through our website or app.
Foundingbird provides company secretarial services just like other company secretaries. We also provide accounting and payroll services upon request. More information can be found on our Pricing Page.
After your Sdn Bhd is incorporated with Foundingbird appointed as the company secretary, we will prepare all documents required and a banker will schedule an appointment with you to open a business bank account.
Foundingbird's operation does not support switching company secretary at the moment. However, this feature may be available in the near future. Please contact us if you are interested to get an update when that happens.
It may take 3 - 5 working days to process the Certified True Copies (CTC). Hence, it is advisable to request for the documents you need in advance.
Unfortunately, registration of business (enterprise and partnership) and LLP are not able to be done fully online due to SSM requirement. A physical visit to the SSM counter is required for all first-time registration of businesses and LLP.
In our incorporation fee, we include the following services:
More information can be found on our Pricing Page.
The monthly company secretarial fee is RM200 per month.
Besides appointing Foundingbird as your company secretary, the fee is inclusive of the following:
Each month, you can get up to 10 Certified True Copies (CTC) without additional charges. Standard resolutions are also included in our fee. However, if we need to pay filing fees to SSM for any particular exercises, we will have to charge those to you as customer.
Our monthly company secretarial fee is charged automatically through your credit or debit card each month.
Unfortunately, no. It is a requirement to have an appointed company secretary at all times to operate a Sdn Bhd. However, you may change your company secretary provider, though we would be sad to see you leave.
All company documents are kept in the Foundingbird app which can be downloaded without any additional charges.
Each month, we provide up to 10 CTC documents without additional charges.
The Foundingbird app allows you to:
Yes, absolutely. Your Foundingbird account is encrypted and only the directors of the company have access to the company documents by logging in to their Foundingbird accounts.
All company documents such as forms and resolutions will be made available through the app. Some basic ones are:
You will get notified regarding the status of your Sdn Bhd incorporation through the push notification of the Foundingbird app. Reminders on important statutory dates will be sent through the push notification as well.
Only Foundingbird clients who have submitted the Sdn Bhd incorporation form can get access to the Foundingbird app. If you have forgotten your login credentials, please tap on "Forget password" on the login screen of the app to obtain an email to reset your password.
You will receive an email to reset your password by tapping the "Forget password" on the login screen of the app.
Yes. All company documents in the app can be downloaded to your phone.
Yes. While the company documents will be kept in the Foundingbird app, a copy of the company documents is sent to all directors.
No. All information is stored on cloud and a copy of each company document is sent to all directors. As long as you have access to your email or re-install the app and login to your Foundingbird account, you will still have access to all company documents on the app. Of course, Foundingbird also keeps all the documents in storage up to 7 years.
Exclusive for Foundingbird's clients, we feature a variety of business deals, from hiring and dispatch services to coworking spaces and marketing tools, to facilitate your business growth at a discounted price. More information on what business deals we have at the moment can be found on our Deals Page.
To redeem a deal, you can tap on the "Redeem" button at the bottom of each deal to either obtain a promo code or to get redirected to the deal landing page or website.
Foundingbird do not accept payment on behalf of our business partners who provide the deals. All transaction should be done with the business deal providers.
The basic terms and conditions are stated right above the "Redeem" button of the deals. They are subject to changes by the business deal providers.
Digital company secretary in Malaysia - Online company registration with SSM and hassle-free business administration via a dedicated dashboard for your company.
Foundingbird Sdn Bhd (201901035214 / 1344544-U)
A-5-19, Centrio Pantai Hillpark, 1 Jalan Pantai Murni, 59200 Kuala Lumpur, Malaysia