Alleged Thai cyanide serial killer, one of the worst in kingdom’s history, sentenced to death for poisoning friend in first of 14 murder trialsForest City’s plans to become a hub for family offices are progressing steadily, with details such as incentives and criteria to be officially announced in the first quarter of 2025.
In September, the federal government announced a zero per cent tax rate for family offices located in Forest City’s SFZ, part of efforts to attract foreign capital and revitalise the area as a destination for the wealthy within Malaysia and the region. While Malaysia is just beginning to make its mark in the family office sector, Singapore has already become a regional powerhouse.
“Ultra-high-net-worth families seeking wealth management solutions can consider the tax incentives that Malaysia offers.” The 2,800ha development, supported by Country Garden Holdings, was designated an SFZ in August 2023 to boost foreign investment and economic growth in the area.
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