ISKANDAR PUTERI, Nov 27 –– The Forest City Special Financial Zone (SFZ) has identified two main sectors as its main focus areas, said Johor Menteri Besar Datuk Onn Hafiz...
Johor Menteri Besar Datuk Onn Hafiz Ghazi said the first sector will involve the banking and financial services on Pulau Satu, while the logistics services, global service centre and transfer services will be offered on the mainland of Forest City, November 27, 2024. –– Picture courtesy of the Johor state governmentISKANDAR PUTERI, Nov 27 –– The Forest City Special Financial Zone has identified two main sectors as its main focus areas, said Johor Menteri Besar Datuk Onn Hafiz Ghazi .
“The first sector will involve the banking and financial services on Pulau Satu, while the logistics services, global service centre and transfer services will be offered on the mainland,” he said at the Johor state legislative assembly session in Kota Iskandar here today. He added that two incentives will be offered for the mainland, a 100 per cent investment tax allowance for five years to deduct 100 per cent of statutory income for the logistics services sector and a five per cent tax rate for up to 20 years for global service centres and relocation services.
On September 20, the government launched the Forest City SFZ, announcing several incentives, which included making it the first location in Malaysia to offer a 0 per cent tax rate for family wealth offices, by the first quarter of next year.
JOHOR Onn Hafiz Ghazi Forest City Special Financial Zone (SFZ)
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forest City’s SFZ to focus on banking and logisticsISKANDAR PUTERI: Forest City’s Special Financial Zone (SFZ) will prioritise two key sectors: banking and financial services, alongside logistics servi...
Read more »
11 companies interested in setting up in Forest City SFZ, says MBSYDNEY: Australia on Wednesday (Nov 27) moved closer to banning social media for children under 16 after the parliament's lower house passed the bill even as Alphabet's Google and Facebook-owner Meta pressed the government to delay the legislation.
Read more »
Cameron Highlands Fights Back With 8,950 New Forest GiantsThe forest trees have been planted where illegal vegetable farms once scarred the protected forest reserves.
Read more »
Johor government set to unveil economic incentives for JS-SEZ and SFZThe ringgit is expected to trade higher against the US dollar as the interest rate differential seems to favour the ringgit, said an economist.
Read more »
Zon bebas cukai Forest City bermula Jumaat iniPenggunaan teknologi terkini dalam kompleks kastam di Forest City adalah selari dengan hasrat menjadikan Johor sebagai sebuah negeri maju.
Read more »
Johor Forest City’s plans for family offices gain pace, with details in early 2025(Reuters) - Romania have been awarded a 3-0 victory over Kosovo after their Nations League match in Bucharest was abandoned when the visiting team walked off, UEFA said on Wednesday.
Read more »