In the dynamic business landscape of Penang in 2024, efficient corporate secretary services are paramount for ensuring compliance and operational efficiency. Our latest compilation introduces the 8 most beneficial company secretarial firms in Penang, meticulously curated for their ability to deliver tailored solutions meeting the diverse needs of businesses in the region.
These firms excel in providing a spectrum of corporate services, including company incorporation, regulatory compliance, and corporate governance advisory in Penang. Whether you're a startup, SME, or large corporation, each firm offers expertise in navigating the intricacies of corporate compliance, allowing you to focus on achieving your business goals. Looking for a reliable Company Secretary in Malaysia? Check out our comprehensive company secretary Malaysia list or you can dive into our comprehensive guide to company secretarial practice in Malaysia's tropical paradise, Penang.
8 Best Company Secretarial in Penang (2024)
1. Total Group Penang
Total Group is a comprehensive business advisory firm committed to delivering professional and high-quality solutions to their clients. Their corporate secretary services encompass setting up private limited and foreign companies, maintaining statutory registers and company books, and documenting decisions and resolutions by directors and shareholders on statutory matters. With a serious approach and a focus on client trust, Total Group serves as a reliable partner for businesses seeking efficient corporate governance solutions that meet statutory requirements.
| Key Services | - Corporate Secretarial - Accounting - Assurance - Tax Services - Financial Advisory - Business Advisory - Digital Solutions |
| Contact | 604-638 0479 |
| info@totalgroup.com.my | |
| Address | I-4-8 I-avenue, Medan Kampung Relau 1, 11900 Bayan Lepas, Penang |
| Website | https://totalgroup.com.my/ |
2. Zepheus Corporate Services
Zepheus Corporate Services Sdn. Bhd. in Penang offers a range of services including company incorporation, company secretarial services, bookkeeping, accounting, taxation, payroll, business advisory, and company training. Their responsive approach caters to businesses of all sizes, from startups to large corporations, providing high-quality services in accounting and bookkeeping at reasonable rates, ensuring clients receive excellent value for their investment. Zepheus Corporate Services is a dependable choice for comprehensive business support tailored to individual needs.
| Key Services | - Private Company (Sdn Bhd) - Public Company (Berhad) - New Limited Liability Partnership (Llp) - Sole Proprietor / Enterprise / Partnership - Change of Company Secretary - Convert Enterprise to Sdn Bhd - Purchase of Shelf Company - Foreign Owned Company |
| Contact | 019-888 9910 |
| enquiry@zepheus.com.my | |
| Address | 98-3-31A, Jalan Fettes, Prima Tanjung Business Centre, 10470 Tanjung Tokong, Pulau Pinang |
| Website | https://zepheus.com.my |
3. Wise Management
Established in 2014, Wise Management Services, in partnership with Norhidayah & Associates, emerges as a rapidly expanding Secretarial Firm situated in Pulau Pinang, Malaysia. Recognized as a Licensed company secretary services Malaysia & Chartered Accountant Partner by the Companies Commission of Malaysia & Malaysian Institute of Accountants, they offer comprehensive company secretary and accounting services in Penang. With over 10 years of experience, their licensed company secretary ensures prompt and top-quality service, including online company formation.
| Key Services | - Company Formation - Appoint Company Secretary - Minutes & Member Registration - Board Of Directors & Shareholder Meeting |
| Contact | 6017-499 7095 |
| admin@wisecosec.com | |
| Address | No 33 Pengkalan Weld Level 2, Bangunan Mara, 10400 George Town, Pulau Pinang |
| Website | https://wisecosec.com/ |
4. L & Co Plt. Penang
L & Co Plt. a Penang company secretary services provider focuses on aiding business owners and companies in managing their company accounts, taxation, accounting, and secretarial affairs. Their team of professional and qualified corporate secretaries brings extensive experience to the table, ensuring timely preparation of company resolutions and handling all SSM-related matters efficiently. With L & Co Plt., clients can trust in reliable assistance for comprehensive and timely management of their company's administrative and compliance tasks.
| Key Services | - Company Secretarial Penang - Accounting & bookkeeping - Audit - Liquidation |
| Contact | 604-377 7075 |
| - | |
| Address | S1-3, 1-21-01, Suntech @ Penang Cybercity, 1575, Lintang Mayang Pasir 3, Bayan Baru, 11950, Pulau Pinang |
| Website | https://landco.my/ |
5. TMF Group
TMF Group based in Penang provides comprehensive international corporate secretarial services across numerous jurisdictions. With a global team of over 10,000 professionals spanning 125 offices in 86 jurisdictions, they ensure simple, transparent, and controlled compliance for clients worldwide. Their flexible and consistent approach transforms complex regulatory requirements into streamlined solutions, supporting clients' reputations and integrity across diverse markets in and out of Penang and Malaysia.
| Key Services | - Accounting and tax - Capital markets - Finance - Global entity management - Payroll and HR - Private wealth and family offices - ESG administration - Secretarial Executive Penang - Mergers and acquisitions |
| Contact | 604 210 7118 /2/3 |
| - | |
| Address | Suite S-21-H, 21st Floor, Menara Northam, 55, Jalan Sultan Ahmad Shah, Penang, Malaysia, 10050 |
| Website | https://www.tmf-group.com/en/ |
6. J Heng Corporate Advisors
J Heng Corporate Advisors Sdn. Bhd. based in Penangstands as a prominent corporate secretary firm specializing in corporate secretarial services, business process outsourcing, and consultancy. Their range of services encompasses the incorporation and practice for various entities, including private and public limited companies, companies limited by guarantee, sole-proprietors, partnerships, and limited liability companies. With their expertise, J Heng Corporate Advisors provides comprehensive support tailored to the diverse needs of their clients, including corporate restructuring.
| Key Services | - Corporate Secretarial - Secretarial Executive - Business Process Outsourcing - Bookkeeping & Accounting - Management Services |
| Contact | 604-226 1853 |
| - | |
| Address | 9-1, 9th Floor, Wisma Penang Garden, 42, Jalan Sultan Ahmad Shah, 10050 Penang |
| Website | http://www.jheng.com.my/ |
7. ACO Secretarial
ACO Secretarial Sdn. Bhd. offers comprehensive business services and advisory solutions, including accounting and legal secretaries, prioritizing integrity and professionalism. They support clients in focusing on their core competencies by handling employee, financial, and legal administration needs. With tailored packages for both listed and private companies, ACO Secretarial ensures compliance with the latest statutory requirements. Their dedicated team empowers businesses to enhance productivity, profitability, and peace of mind.
| Key Services | - Business Registration and Establishment Services - Regulatory Compliance Services - Restructuring and Cessation of Companies - Best Practices and Corporate Governance Review |
| Contact | 60149859326 |
| general@acosec.com | |
| Address | 12 (First Floor), Jalan Lembah Permai 1, Taman Lembah Permai, 14000 Bukit Mertajam, Penang, Malaysia |
| Website | https://acosec.com/ |
8. BDO Penang
BDO offers comprehensive company secretarial services, covering the establishment of private limited companies and foreign entities. Their services extend to maintaining statutory registers and company books, ensuring timely filing of periodic returns and mandatory submissions, and documenting decisions and resolutions by directors and shareholders on statutory matters. With BDO's expertise in company secretary roles and statutory requirements, clients receive efficient and reliable support for all their company secretarial needs, ensuring compliance and smooth operations.
| Key Services | - Accounting and Compliance Services - Secretarial Executive - Payroll and Treasury Services - Company Secretarial and Immigration Services |
| Contact | 603 2616 2888 |
| contactus@bdo.my | |
| Address | 51-21-F, Menara Bhl, Jln Sultan Ahmad Shah, 10050 George Town, Pulau Pinang |
| Website | https://www.bdo.my/en-gb/home |
Conclusion
In 2024, Penang boasts a selection of top-tier company secretarial services, essential for businesses in the region. These 8 firms excel in providing comprehensive support, ensuring regulatory compliance, and facilitating efficient operations for diverse enterprises. With a focus on professionalism and client satisfaction, they play a crucial role in supporting Penang's business ecosystem with their corporate secretary services. Additionally, businesses seeking similar expertise can explore company secretarial in Kuala Lumpur and company secretarial in Selangor. These regions, being key economic centers in Malaysia, offer a wealth of reputable firms to cater to the diverse needs of businesses, further enhancing the landscape of corporate governance and compliance across the nation.
Frequently Asked Questions
1. What Is the Significance of Utilizing a Company Secretary Service in Penang?
Employing a company secretary or corporate secretary service in Penang is indispensable for navigating the intricate web of legal and regulatory compliance effectively. These skilled professionals, including legal secretaries, adeptly manage a myriad of administrative tasks, ensuring meticulous record-keeping, orchestrating essential meetings, and offering invaluable guidance on corporate governance matters. By enlisting the expertise of a company secretary service, businesses can streamline operations, proactively mitigate risks, and uphold the fundamental principles of transparency and accountability. This strategic partnership not only ensures immediate compliance with statutory requirements but also cultivates a robust foundation for enduring organisational resilience and sustained success in an ever-evolving business landscape.
2. What Is the Average Cost of Hiring a Company Secretarial in Penang?
For reputable companies, the base fee for Annual Secretarial Services typically ranges from RM 1,000 to RM 1,500. Additional charges may apply, including approximately RM 500 for the preparation and submission of the Annual return to SSM, and another RM 500 to RM 1000 for the preparation of the XBRL report. Included in the base fee are fundamental secretarial tasks such as acting as a secretary, maintaining minutes and registers, ensuring statutory compliance, providing a registered office address, and overseeing legal requirements. Fees may vary based on the number of executives, beneficiaries, directors, or shareholders.
In Penang some secretarial services may offer supplementary services like assisting with board meetings and amending the company constitution. These services can provide added value and convenience, further supporting the smooth operation and compliance of the company.
3. What Is the Role of a Company Secretary in Penang?
In Penang, the company secretary plays a crucial role in upholding regulatory compliance and facilitating robust corporate governance. Tasked with diverse administrative and statutory duties, they manage company records, coordinate board meetings, and ensure adherence to legal obligations. Serving as a vital intermediary between shareholders, directors, and regulatory bodies, they provide guidance on governance best practices and ensure alignment with the company's constitution and pertinent laws. With their expertise, the company secretary fosters seamless operations and legal compliance, contributing to the overall success and integrity of businesses in Penang's dynamic economic landscape.
4. What Are the Services Provided by Corporate Secretarial Services in Penang?
Penang corporate secretarial services offer a wide range of services to support businesses in meeting their regulatory obligations and operational needs. These services typically include maintaining statutory compliance, managing company records, and ensuring efficient board meeting coordination, among others.
1. Company incorporation and registration:
Assisting with the establishment of new companies and ensuring compliance with legal requirements.
2. Corporate governance advisory:
Providing guidance on corporate governance practices and compliance with relevant laws and regulations.
3. Annual compliance management:
Managing annual filings, such as annual returns and financial statements, is crucial to ensure compliance with statutory requirements and regulatory demands.
4. Board and shareholder meeting support:
Organising and facilitating board and shareholder meetings, including preparing meeting agendas and minutes.
5. Changes to company structure:
Assisting with changes to company structure, such as changes to directors, shareholders, or company name, ensures that businesses remain adaptable and compliant.
6. Regulatory compliance monitoring:
Monitoring changes in regulatory requirements and ensuring ongoing compliance with relevant laws and regulations.
7. Company secretarial support:
Providing ongoing support and advice on company secretarial matters, including maintaining statutory registers and records, is essential for meeting statutory requirements and maintaining corporate governance.
Overall, corporate secretarial services in Penang aim to help businesses navigate the complex regulatory landscape and ensure smooth and compliant operations.
Disclaimer: Our top 10 business service listings are curated based on research, user feedback, and industry standards. While we aim for accuracy, details like pricing and availability may change. We recommend independently verifying information before making decisions. Some listings may include affiliate links, which support our site. Please note that rankings are subjective and may not reflect personal experiences. Business performance can fluctuate, impacting rankings over time. Your use of this information is at your own discretion. We welcome feedback and questions. Contact us for more details. Thank you for using mybizhub.com.my.
