After your Sdn. Bhd. is registered, with Altomate appointed as the company secretary, you will receive an email or you can select “bank account opening” in service request in our platform and choose the bank and fill up the details for account opening. We will prepare all documents required and a banker (of our panel banks) will schedule an appointment with you to open a business bank account.

Sec 68 of the Companies Act 2016 requires the directors to lodge the annual return of a company for each calendar year not later than 30 days from the anniversary of its incorporation date.

Sec 248 of the Companies Act 2016 requires the directors to prepare financial statements within 18 months from the date of incorporation and subsequently within 6 months of the financial year end.

1. The tax rate: Singapore has a low-tax regime and its tax on corporate profit is 17%, with a number of exemptions for different values of the normal chargeable income.
2. The taxable period: the period for which the tax is calculated is usually yearly; for business profits, it is usually the case to use the accounting period.
3. The tax returns: companies in Singapore are required to file an estimate of their income three months before the end of the accounting period; the tax returns are due by November 30; penalties apply for late filing or for no filing.
4. The payment of tax: the actual tax is to be paid within one month after the assessment.
5. The audit: not all companies are subject to mandatory audit, however, this becomes a condition when the annual turnover exceeds a certain amount.

Corporate tax compliance in Singapore can be simplified when company owners choose to work with a team of specialized local accountants. Entrepreneurs can request specialized accounting services in Singapore if they choose to open a company here.

With Altomate, you can easily make your request through our platform or app for updating company details or service request for change in director, issue new shares, change company name and etc

Yes, of course! Even with our fully online platform, we believe personal touch and enjoy helping our clients in your entrepreneur journey. Always contact us through call, Whatsapp or email.

Incorporating a Sdn. Bhd. with Altomate, you will get:

(i) Name search & availability check.

(ii) The registration fee of RM1,010 to be paid to the SSM

(iii) Company registration of your Sdn. Bhd.

(iv) The certificate of incorporation and relevant incorporation documents

(v) Access to the Altomate platform app.

(vi) Assistance in opening a bank account.

We have 2 pricing for monthly company secretarial fee:

(i) RM100/month, which include:

-Licensed company secretary retainer fee

-Registered office address and name display

-Dedicated client servicing officer

-Access to company dashboard

(ii) RM200/month, which include:

-Licensed company secretary retainer fee

-Registered office address and name display

-Dedicated client servicing officer

-Access to company dashboard

-Preparation & submission of annual returns to SSM

-Filing of annual financial statement with SSM

-All standard board and shareholder resolutions *

To maintain a company, you are required to budget for cost such as:

(i) Ad-hoc company secretarial work – issue of preference share, corporate restructuring and etc

(ii) Book-keeping cost

(iii) Payroll processing cost

(iv) Taxation services cost

(v) Statutory audit cost

Once you submit your incorporation form and made the payment, the amount paid is strictly non-refundable. If your company has been registered with SSM, you will need to prepare further cost to strike-off/deregister with SSM.

As you enjoy the incorporation at a discounted price of RM999 (instead of usual price RM1,599), you are required to sign up for 2 years contract for company secretarial package with us. In the event if you wish to terminate the contract earlier and transfer to other company secretary, you are required to pay termination charge of RM1,000 for early termination.