iCompany Launches AI-Powered Digital Solutions for Business Incorporation

iCompany

Kuala Lumpur, 11 March 2024 – iCompany, a pioneering digital company secretary platform, is set to transform the way entrepreneurs and businesses set up Sendirian Berhad (Sdn Bhd) in Malaysia. Since its official launch in November 2023, the platform has attracted close to 200 early adopters, demonstrating its efficacy and the strong demand for such innovative solutions in the market.

Created by local IT experts under the guidance of licensed Company Secretaries, iCompany offers an extensive array of online company secretarial services. These include preparing resolutions and other documentations, submitting them to the Companies Commission of Malaysia (SSM), and assisting with continuous compliance and secretarial duties. By adopting this digital strategy, the registration procedure becomes quicker and more cost-effective compared to conventional approaches.

The iCompany solution

“We are committed to empowering entrepreneurs with solutions that simplify the incorporation process and ease compliance burdens. Looking ahead, we plan to expand our offerings and continue innovating, as evidenced by our recently launched Cloud Accounting service which integrates seamlessly with our Company Secretary services. Our aim is to lead the RegTech industry,” said Founder and CEO of iCompany, Asyraq Rashid.

iCompany is dedicated to enhancing user convenience through an array of innovative features, including SAIRA (Secretarial Artificial Intelligence Remote Assistant) and advanced automation capabilities. These technologies underscore iCompany’s commitment to leveraging digital solutions for the benefit of its users, ensuring efficient incorporation experience and seamless subsequent management of Sdn Bhd.

Designed with an intuitive user interface, iCompany guides users through each step of the incorporation process with ease. Beyond basic incorporation services, iCompany also offers a variety of support services to assist businesses throughout their operational life cycle, including automated Annual Return reporting, annual audited report filing and much more.

A standout feature of iCompany is its transparent pricing model, which provides clear and upfront costs. This approach allows entrepreneurs to plan their budgets more effectively, aligning with iCompany’s goal of making business ownership more accessible.

“Most, if not all, entrepreneurs have this fear of starting up. iCompany provides that peace of mind to do it anytime, anywhere at your convenience and comfort. Even if you have questions about Company Secretarial Matters, you can ask SAIRA for answers. No papers involved and no appointments needed. And for the seasoned business owners, iCompany offers a platform to focus more on their business, knowing that compliance is managed efficiently at their fingertips,” he further explains.

MyData-SSM

The integration of iCompany’s services with MyData-SSM, the official and leading service provider for the Companies Commission of Malaysia (SSM), further enhances the efficiency and reliability of the incorporation process and other compliance activities. This collaboration also ensures that entrepreneurs have quick access to accurate and online corporate information, streamlining their business registration and compliance activities.

Sheriza Zakaria, CEO of Big Data Works Sdn Bhd commented on the collaboration, “iCompany’s integration MyData-SSM, commented on the collaboration, “iCompany’s integration with MyData-SSM reflects a shared commitment to leveraging technology for the benefit of Malaysia’s business community. This partnership is a step forward in providing efficient, accessible corporate services, aligning with our digital transformation goals.”

Looking forward, Asyraq highlighted the upcoming features like E-KYC, Majority Rule, and Multiple Roles that promise to push the boundaries of RegTech even further.

“iCompany is about redefining efficiency and providing a value-for-money experience that shifts paradigms. It’s 2024, and owning a Sdn Bhd should not be a chore. iCompany’s commitment to streamlining the business lifecycle—from incorporation to annual compliance—underscores its role as a comprehensive digital solution for today’s entrepreneurs and seasoned business owners alike,” he said.

For more information about iCompany, visit https://www.icompany.my or email connect@icompany.my for any enquiries.