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 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.
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.
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 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.
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.
Malaysia set to launch Forest City Financial Zone, but will it lure businesses?
Industry insiders say the government must go beyond tax incentives to attract the firms needed to revive the troubled US$100 ...
SFZ Forest City to be launched on Friday, incentives to be introduced
Forest City’s special financial zone (SFZ) will be launched this Friday with various incentives and packages to stimulate ...
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 ...
Japanese companies in China send staff, families back home after schoolboy stabbed to death in Shenzhen
Some Japanese companies in China have offered to send their staff and their families back home after a 10-year-old Japanese ...
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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 ...
Malaysia set to launch Forest City’s special financial zone on Sept 20
Packages and incentives will be offered to insurance finance companies and others. Read more at straitstimes.com.