Malaysia has entered the race to become an Asian family office hub with the introduction of a new special financial zone (SFZ), Forest City, with perks including a zero per cent tax rate for family offices. However, industry experts told Asian Private Banker that while the tax incentives and lower operational costs could provide an attractive alternative to Hong Kong and…
Malaysia wants Asia’s family offices, even if they pay zero tax

Forest City, Johor, Malaysia, has been dubbed a special financial zone in a bid to attract Asia’s private capital. Credit: Shutterstock
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