Malaysia, Forest City
Malaysia announces tax breaks, incentives in Forest City development to boost investments
Johor's Forest City is set to become the first location in Malaysia to offer a zero per cent tax rate for family wealth offices. This is among the incentives announced at the launch of a Special Financial Zone (SFZ) in the southern state on Sep 20.
Forest City SFZ incentives will boost Malaysia too, says MB Onn Hafiz
The incentives announced for Forest City Special Financial Zone (FCSFZ) will catalyse financial growth not only for Johor but Malaysia as a whole, says Datuk Onn Hafiz Ghazi. Read full story
Forest City SFZ first in Malaysia to offer zero tax on family wealth offices
Forest City will be the first location in Malaysia to offer a zero tax on family wealth offices as part of its incentive packages. Finance Minister II Datuk Seri Amir Hamzah Azizan said zero tax on family wealth offices was among the incentives to turn Forest City a magnet for international capital.
Malaysia dangles 0% tax carrot to draw family offices to Forest City special financial zone, outlines other incentives
The government is also offering lower income tax rates for foreign workers as well as concessionary corporate tax rates to attract international firms.
Malaysia dangles tax breaks to lure Asia’s rich to revive China-backed Forest City project
Malaysia is offering zero per cent tax to attract wealthy Asians into setting up family offices in the troubled Chinese-led mega project.
Malaysia unveils zero tax for family offices in Forest City, in bid to revive Johor project
The move is part of a slew of incentives aimed at reviving Forest City, a US$100 billion beleaguered development. Read more at straitstimes.com.
Malaysia offers tax breaks to revive Forest City amid stalled Chinese project
At the Friday launch of the previously announced Special Financial Zone for Forest City, the Malaysian government said that starting in the first quarter of 2025 it would offer tax breaks ranging from no taxes for some kinds of companies setting up there, to much-reduced personal income taxes for some individuals who move there.
Forest City first location in Malaysia to offer zero tax rate for family offices
Forest City will be the first location in Malaysia to offer a 0% tax rate for family offices, says Datuk Seri Amir Hamzah Azizan.
Malaysia to offer tax breaks, incentives in Forest City development
Malaysia will offer tax breaks and incentives in a bid to lure investments to Forest City, a $100 billion development backed by Chinese developer Country Garden Holdings, state media reported on Friday citing the second finance minister.
Forest City ‘special financial zone’ to be launched on Sept 20 in Johor
The Forest City SFZ and incentives to boost Johor’s economic activities were announced in 2023. Read more at straitstimes.com ...
Business Times1d
Malaysia to launch special financial zone in Forest City to woo investments, stimulate economic growth
FOREST City in Johor is set for a revival as the Malaysian government prepares to launch a special financial zone (SFZ) aimed ...
malaymail4d
Johor says Forest City’s special financial zone set for launch Friday
Forest City’s special financial zone (SFZ) will be launched this Friday with various incentives and packages to stimulate ...
Wooing the wealthy with lucrative tax packages
Forest City is poised to become a magnet for international capital by introdu­cing incentives that include a 0% tax rate for ...