The fees are divided into two categories:
i) Compulsory fees
ii) Optional fees
i) Compulsory fees
The compulsory charges include:
a) MyStartr's 8% fee + Sales Service Tax (SST) 6%
(Remark: will only be charged after the ECF project is successfully funded)
- If you successfully raised RM1,000,000 x 8% = RM80,000
- RM80,000 + 6% = RM84,800
- In total: RM84,800
b) Legal Service
(Remark: will only be charged after the ECF project is successfully funded)
- Legal Support Service Shareholder Agreement = RM7,500
- LLP Registration (Processed by lawyer) = RM2,500
- Annual maintenance Fees for LLP Compliance Officer = RM2,800 (per year)
c) Company Valuation Cost - conducted by 3rd party valuation expert
(Remark: to be paid during the crowdfunding period)
= RM2,500 - RM10,000
ii) Optional fees
As the name implies, it is depends on the issuer whether to outsource for a third-party service provider to assist in preparing copywriting, video shooting, marketing funnel, etc.
This is to increase brand awareness and maximize the marketing value of the company during the ECF period.
Generally, ECF requires the following outsourcing services and fees:
- Copywriting - RM1,000 ~ RM5,000
- Video production - RM4,000 ~ RM10,000
- Landing page creation - RM1,000 ~ RM5,000
- Online advertisements - RM10,000 ~ RM20,000
- Pitchdeck creation - RM1,000 ~ RM5,000
The above fees are for reference only and it is not mandatory.