Malaysia, Forest City
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 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 Special Financial Zone Officially Launched
Discover the incentives of Malaysia's new Forest City Special Financial Zone, a cutting-edge hub offering tax breaks and financial incentives to attract global businesses and skilled workers.
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 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, said Finance Minister II Datuk Seri Amir Hamzah Azizan in a press conference after the launch of the incentive package for Forest City Special Financial Zone by Johor Regent Tunku Ismail Sultan Ibrahim on Friday (Sept 20).
0%-5% corporate tax rate under Forest City special financial zone
The government has launched the Forest City special financial zone (SFZ) in Johor, which would see companies being imposed a reduced corporate income tax rate of between zero to 5%. In launching the SFZ today,
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 dangles tax breaks to lure Asia’s rich to Forest City to revive China-backed 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 on Friday said it will offer a zero per cent tax rate to entice Asia's rich to set up family offices in the Forest City Special Financial Zone (SFZ),
Johor to become next growth centre
Industry players are buzzing over Johor’s econo­mic outlook following the announcement of tax incentives for the Forest City ...
New Incentives Unveiled As Malaysia's Forest City Special Financial Zone Launched
( MENAFN - IANS) Iskandar Puteri, Sep 20 (IANS) New incentives were unveiled on Friday at the launch of the Forest City ...
Business Times2d
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 ...
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 ...
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 ...