An honest comparison · vs Bossboleh · Mishu · Altomate · Updated April 2026
Mandatory compliance should be in your monthly fee. With us, it is.
Most digital cosec firms in Malaysia advertise a low monthly fee, then bill you for everything the Companies Act actually requires. We don't.
You save RM 700–RM 1,000/year. Here's why.
The actual annual cost
This is the comparison nobody runs at the point of sign-up. We've done it for you.
| Mandatory cost (per year) | Foundingbird | Bossboleh | Altomate |
|---|---|---|---|
| Cosec retainer | RM 1,188 RM99/mo | RM 960 RM80/mo | RM 480 RM40/mo |
| Annual return filing | Included | RM 450 | RM 600 |
| Audit report filing | Included | RM 250 | RM 250 |
| Fixing of financial year end | Included | RM 150 | RM 200 |
| Auditor appointment | Included | RM 200 | RM 200 |
| BO reporting (1 owner) | Included | RM 100–200 | RM 150 |
| Printing & runner charges | Included | Charged separately | Charged separately |
| Real annual cost | RM 1,188 + SST | RM 2,200++ | RM 1,880++ |
All figures taken from each provider's published pricing as of April 2026. Bossboleh and Altomate figures are based on their basic-tier plans. Mishu's pricing model is structured differently and is covered separately below.
Why is there such a big difference?
The Companies Act requires every Sdn Bhd to fulfil certain statutory obligations every year — dormant or not, these have to be done. The annual return, submission of audited financial statements, beneficial ownership reporting, auditor appointment, and a few others. It's mandatory work.
Most firms charge for each of these exercises separately. We don't. We bundle them into the base price as we believe that you should pay for your mandatory compliance cost in the retainer you pay.
We've kept it to two packages:
- Compliance Only — covers all the mandatory work. If you don't request anything specific in a given year, that's it. That's all you pay.
- Complete Coverage — everything in Compliance Only, plus ad-hoc work like appointing a new director, increasing your paid-up capital, allotting shares, opening additional bank accounts, and so on. The stuff active companies actually do.
— Dylan, founder
Digital vs traditional
Both still exist for a reason. Pick the model that matches how you actually want to work.
Go digital (us)
If you prefer:
- Doing everything online
- Quick assistance via WhatsApp
- eSigning and digital record-keeping
- Getting incorporated quickly
- Low compliance cost
Go traditional
If you prefer:
- Face-to-face discussion with your cosec
- Physical records
- Signing by hand
- A more tailored, hands-on experience
- Don't mind a longer incorporation timeline
Side-by-side comparison
All four digital cosec firms, plus a typical traditional firm — feature by feature.
| Feature | Foundingbird | Bossboleh | Mishu | Altomate | Traditional firm |
|---|---|---|---|---|---|
| Monthly cosec fee | RM 99 (Compliance Only) / RM 165 (Complete) | RM 80 (Basic, MY only) / RM 180 (Ultimate) | RM 200 (MY) / USD 125 (foreign) | RM 40 | RM 60–RM 300 |
| Real annual cost (mandatory items) | RM 1,188 + SST | RM 2,200++ | RM 2,400 (MY all-in) / ~RM 6,960 (foreign all-in) | RM 1,880++ | RM 1,400–RM 4,800++ |
| Incorporation fee | RM 1,599 (incl. RM1,010 SSM fee) | RM 1,998 (free with 2-yr subscription) | RM 1,499 (MY) / ~RM 2,225 (foreign) | RM 1,399 self-serve / RM 1,999 assisted | RM 3,500–RM 10,000+ |
| Bank account opening | Any bank | OCBC free, others +RM 100 | Any bank | Any bank | Varies |
| Avg incorporation turnaround | 3–5 days | 3–5 days | 5–10 days | 3 days | 2–4 weeks |
| Foreign founders supported | Yes | Ultimate plan only (RM180/mo) | Yes | Not on Basic plan | Varies |
| Online platform / dashboard | Best-in-class | Yes | No | Yes + mobile app | Usually no |
| Cosec performed in-house | Yes | Yes | Yes | Yes | Yes |
| Printing & runner charges | Included | Charged separately | Quoted separately | Charged separately | Often charged separately |
| Switching cost (to them) | Free | Free | Free | Free | Often non-trivial |
| Money-back / refund policy | Express filing only — refund of express fee if not done in 3 business days | RM 500 admin fee, refunds within 1 year | 30-day full refund (excl. SSM fees) | No published guarantee | Rare |
Foundingbird vs Bossboleh
TL;DR — RM 80/mo sticker, RM 2,200+/year reality. About RM 1,000/year more than us once mandatory work is added in.
- Cosec retainer (RM 80 × 12)RM 960
- Annual return filingRM 450
- Audit report filingRM 250
- Fixing of financial year endRM 150
- Auditor appointmentRM 200
- BO reporting (1 owner)RM 100+
- Printing & runnerextra
- Standard resolutionsfrom RM 100 ea.
- Cosec retainer
- Annual return filing
- Audit report filing
- Financial year end set-up
- Auditor appointment
- BO reporting
- Printing & runner — included
- Standard resolutions on request
Where Bossboleh wins
- ▸Instant company-name availability check on their homepage — no sign-up needed.
- ▸Stronger focus on tax advisory as a standalone service line.
Where Foundingbird wins
- RM 1,000/year cheaper once mandatory items are added.
- Foreign founders welcome on every plan.
- Bank account at any bank, no penalty.
- No surprise printing/runner invoices.
Foundingbird vs Altomate
TL;DR — RM 40/mo sticker, RM 1,880+/year reality. About RM 700/year more than us, plus their Basic plan blocks foreign founders.
- Cosec retainer (RM 40 × 12)RM 480
- Annual returnRM 600
- Audit report filingRM 250
- Fixing of financial year endRM 200
- Auditor appointmentRM 200
- BO reporting (1 owner)RM 150
- Printing & runnerextra
Incorporation: RM 1,399 self-serve / RM 1,999 with assistance.
- Cosec retainer
- Annual return filing
- Audit report filing
- Financial year end set-up
- Auditor appointment
- BO reporting
- Printing & runner — included
Where Altomate wins
- ▸Native iOS/Android mobile app (we don't have one).
- ▸Productised 9-in-1 setup for F&B (premise license, halal cert, SST). We'd handle case-by-case.
- ▸Active Singapore arm if you want a Pte Ltd alongside your Sdn Bhd.
Where Foundingbird wins
- ~RM 700/year cheaper at the real annual cost.
- Foreign founders welcome on every plan.
- Best-in-class web platform — built for founders, not retrofitted from paper.
- No surprise printing/runner invoices.
Foundingbird vs Mishu
TL;DR — Mishu publishes their fees and bundles mandatory compliance in — credit where it's due. They're just materially more expensive: ~RM 420/yr more for Malaysians, ~RM 5,000/yr more for foreign founders (because they price the foreign plan in USD).
Where Mishu wins
- ▸Specialises in niche business licenses — CIDB, MOTAC, JTK, MOF, WRT, MOE, F&B, liquor. Useful if your business actually needs one of those (most don't). We work with partners to fulfil these requests.
- ▸In-house immigration team across Employment Pass, MM2H, and Residence Pass — useful if you have multiple expat hires or family-relocation work in flight.
- ▸Larger content library on niche compliance topics (halal audits, MOF Bumiputera status, signboard licensing).
Where Foundingbird wins
- Every fee is on the website — no quote-on-request.
- Cosec, accounting and payroll are our core — focused, not stretched across fifteen service lines.
- Recommended MTEP agency and the leading experts on the founder visa pathway — with a trusted partner for wider expat-visa work.
- Faster — most things happen in the dashboard, not in email threads.
- Human-first, technology-driven — software handles the repetitive work so the team has time for real conversations.
Two cosec plans, plainly explained
We don't believe in hiding pricing or playing the "premium" game. Here's what each plan covers and who it's for.
Compliance Only
For dormant companies, holding companies, or simple operating companies with few statutory changes.
RM 1,188/year, billed annually
Everything mandatory, included
- SSM-licensed company secretary
- Registered office address
- Annual return filing (SSM fee included)
- Audit report filing
- Beneficial ownership reporting
- Fixing of financial year end
- Auditor & tax agent appointment
- Automated compliance reminders
- 24/7 document access via dashboard
Complete Coverage
For active companies — fundraising, hiring directors, allotting shares, opening bank accounts.
RM 1,980/year, billed annually
- Priority support lane
- All standard resolutions included
- Multiple bank account openings
- Change of directors
- Allotment of new shares
- Increase of paid-up capital
- Change of business address
- Change of nature of business
- Waived accounting setup fee (saves RM 350)
- 50% off payroll registration
The math: if your year involves even one director change + one share allotment + one bank account opening, Complete Coverage already saves you money vs paying for those items à la carte on Compliance Only.
Where we actually stand apart
A lot of what cosec firms do looks the same on paper — annual returns, BO filings, bank account openings. Here's what we genuinely do differently.
Industry leader in digitalisation
A real-time dashboard, 24/7 document access, eSigning, automated reminders, cap table tooling, and a portal built for founders — not paper-driven workflows retrofitted online. We invest in our platform first.
Human-first, technology-driven
Software handles the repetitive work so our team has time for the conversations that actually matter. Every client gets a real account manager — reachable on WhatsApp — not a ticketing queue.
Price transparency
Every fee is on our website. Disbursements, printing, runners, SSM filings — included. No "RM 50 for printing" line items, no quote-on-request, no contract lock-in. The whole reason this comparison page exists.
Built for tech companies
We're a tech company ourselves and we work with founders raising rounds, allotting ESOP, restructuring cap tables, and onboarding foreign investors. The unusual stuff isn't unusual to us.
Switching is free, takes about 2 weeks, and we handle most of it.
Frequently Asked Questions
About comparing Malaysian digital cosec firms
Why is your monthly fee higher than Bossboleh's or Altomate's?
Because our monthly fee covers everything mandatory under the Companies Act. Theirs doesn't. When you add up what every Sdn Bhd is legally required to file in a year, our RM 1,188/year all-in is around RM 700–RM 1,000 cheaper than Bossboleh's RM 2,200++ or Altomate's RM 1,880++.
If you only look at the monthly sticker, we're more expensive. If you look at the full annual invoice, we're not.
Is the RM 40/month cosec from Altomate too good to be true?
It's not a misleading number — it's just incomplete. Altomate's RM 40/month covers the cosec retainer. Mandatory compliance work (annual return, audit submission, BO reporting, etc.) is billed separately. Their real annual cost works out to around RM 1,880++.
Worth noting: Altomate's Basic plan is only available to Malaysian-owned companies. Foreign founders need a different package.
Can foreign founders use Foundingbird?
Yes. We've supported foreign founders since day one. There's no separate "foreigner plan." Both Compliance Only (RM 99/mo) and Complete Coverage (RM 165/mo) work for foreign-owned Sdn Bhds.
If you don't have a Malaysian-resident director, we can provide a nominee director (RM 3,000 setup + RM 500/month, paid annually).
What's the difference between Compliance Only and Complete Coverage?
Compliance Only covers everything legally required. Complete Coverage adds standard resolutions and ordinary changes (director changes, share allotments, capital increases) that active companies typically need each year.
If your year will involve any combination of: a fundraise, a director change, a share transfer, opening multiple bank accounts, or changing your business address — Complete Coverage is cheaper than paying for them à la carte on Compliance Only. We have a calculator on the pricing page if you want to compare.
Do you offer a money-back guarantee?
We don't offer a blanket satisfaction refund the way Mishu does. The one specific guarantee we make is on express incorporation: if you pay the express fee and we don't have your Sdn Bhd incorporated within 3 business days, we refund the express fee.
If you're unhappy after switching to us, please reach out — we'll do everything we can to make it right. If we can't, your statutory documents remain yours and we'll provide a full handover package to your new company secretary at no charge. You can WhatsApp us anytime to raise a concern.
How fast can you incorporate my Sdn Bhd?
3–5 working days on average, depending on the number of directors and shareholders and the complexity of the structure. Some incorporations have been done in 2 working days. Everything is online — no paper forms, no SSM visits.
What's included in your RM 1,599 incorporation fee?
The RM 1,010 SSM government fee, document preparation and submission, certificate of incorporation, statutory documents, name search, e-KYC and electronic signatures, paid-up capital up to RM 2,400, registration of tax numbers with LHDN, opening of one corporate bank account (1–3 days with OCBC eBiz where eligible), compliance checklist and training, and a private group chat with a dedicated account manager.
Excluded: SST.
Still deciding?
WhatsApp us your situation
+60 11-5415 5962. We'll tell you honestly whether we're a good fit — including if we think one of the other firms in this comparison would serve you better.
Chat on WhatsApp →See our pricing in full
All packages, all line items, all SSM fees. No quote required.
View pricing →Read our incorporation guide
How to register a Sdn Bhd in Malaysia, step by step.
Read the guide →Last updated: April 2026. Pricing for competitor providers is taken from their public websites and published price guides at the time of writing. Prices may have changed since — we'll do our best to keep this updated, but please verify directly with each provider for current rates. If you spot something we got wrong, email us and we'll correct it.
We have no commercial relationship with Bossboleh, Mishu, or Altomate. This is one provider's honest take on the market.
