Tax Breaks for Malaysia’s Forest City Financial Zone with Incentives for Global Businesses
To attract new business and talent, Malaysia has introduced various tax breaks for the Forest City Financial Zone. This zone is part of the larger smart city project in Johor (near the Singapore border).
Forest City Financial Zone is a futuristic urban area featuring green spaces, sustainable infrastructure, and cutting-edge technology. To become the global business hub it wants to be, the target clientele for this zone is international companies, investors, multinational firms, financial institutions, tech companies, and residents, emphasising environmental sustainability. To attract its key players, several tax benefits, a favourable business environment, and access to Southeast Asia’s key markets, especially Singapore, will be offered.
Forest City Financial Zone Key Incentives
Besides the tax breaks for Forest City Financial Zone, which includes 0% tax for family offices under the Single Family Office Scheme 2025, other initiatives are being offered. For example, businesses in financial technology and global services will benefit from a corporate tax rate between 0% and 5%.
Other benefits include the fact that skilled professionals can enjoy a 15% income tax rate. Multiple-entry visas will also be available for workers and investors. Furthermore, local banking institutions can also forward to receiving perks like relocation cost deductions, withholding tax exemptions, and industrial building allowances.
Foreign banks can open more branches and access relaxed foreign exchange rules for offshore borrowing and investments.
Interested in the Forest City Financial Zone?
Maximise your business potential with 3E Accounting Malaysia in the Forest City Financial Zone. Our experts will guide you through the latest incentives and benefits. Contact us today and take advantage of this prime opportunity in Southeast Asia!
