Wooing the wealthy with lucrative tax packages

Forest City News

Wooing the wealthy with lucrative tax packages
Special Financial ZoneTax IncentivesEconomy
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Tamara Zidansek rallied from a set and a break down, then saved four match points to outlast Nadia Podoroska of Argentina 4-6, 7-6 (3), 7-6 (3) in the quarterfinals of the Thailand Open in Hua Hin.

City of the future: Forest City , which started in 2015, is a mega mixed development project on four reclaimed islands in Johor waters. — THOMAS YONG/The Star

“Globally, many are engaging family offices to manage their family wealth and it is a growing sector. Amir Hamzah said the new single-family office scheme, coordinated by the Securities Commission, aims to attract regional and local families to manage their family wealth from Malaysia. He added that the total estimated assets under the management of family offices globally are also expected to rise to US$5.4 trillion by 2030 from the current US$3.1 trillion .

Amir Hamzah said Forest City, with its combination of a duty-free island within the SFZ, presents a unique proposition as a catalyst for economic development in the southern region of Malaysia.

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Special Financial Zone Tax Incentives Economy Amir Hamzah Azizan

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