Malaysian officials are seeking to attract regional and Malaysian families to manage their wealth from Malaysia via the megaproject.

Malaysia unveiled a raft of incentives last week to lure capital to Forest City, its new special financial zone (SFZ) located in the southern state of Johor.

The Securities Commission Malaysia (SC) today unveiled the framework for a new Family Office incentive scheme designed to enhance Malaysia’s

Malaysia is offering 0% tax rate for family offices to set up shop in its struggling mega-project Forest City, as it looks to revive investor interest in the $100 billion development near its border with Singapore.

Malaysia announced on Friday tax breaks and incentives for the troubled Forest City development, a $100 billion project backed by Chinese developer Country Garden Holdings, in a bid to lure investments and spur economic growth in the area.

Forest City will be the first location in Malaysia to offer a 0% tax rate for family offices, says Datuk Seri Amir Hamzah Azizan. Read full story

The government is also offering lower income tax rates for foreign workers as well as concessionary corporate tax rates to attract international firms.

A Single Family Office (SFO) is essentially a bespoke management entity set up by a wealthy family to oversee their financial affairs. Unlike multi-family offices, which juggle th

Malaysia is offering zero per cent tax to attract wealthy Asians to set up family offices in the troubled mega-project, and revive Chinese-led project.