Beyond subsidies for families, the government provides tax incentives and support for employers to set up workplace childcare facilities. These incentives encourage businesses to create accessible childcare options for employees, which [...]
The RM250 subsidy is available to parents with a per capita income below RM500, especially those living in urban areas. The aim is to make private registered childcare services more affordable [...]
The New Family Office Incentive Scheme is a government initiative to encourage the establishment of family offices in Malaysia. It offers tax benefits and regulatory support to ultra-high-net-worth individuals and families, [...]
Family offices in the Forest City Special Financial Zone enjoy: A 0% tax rate for the first five years. A concessionary corporate tax rate of 15%. A modern infrastructure conducive to [...]
Family offices can benefit from a 0% tax rate on income generated for the first five years. Afterward, they can enjoy a concessionary tax rate, making it highly tax-efficient for single-family [...]
To qualify, family offices must: Be incorporated in Malaysia. Maintain a registered office in the Forest City Special Financial Zone. Manage a minimum threshold of assets under management (AUM), as determined [...]
The minimum investment threshold is RM30 million, which must focus on at least 10 eligible and promoted investments to benefit from the tax incentives.
A Single Family Office (SFO) is a private wealth management structure dedicated to managing the financial affairs of a single ultra-high-net-worth family. This scheme caters specifically to SFOs, offering them tailored [...]
To set up a family office, it must be: Incorporated in Malaysia. Registered with the Securities Commission Malaysia (SC). Managing a significant AUM.
The application process includes: Pre-registration with the SC, where family offices must submit their structure and investment strategy details. Formal application submission to benefit from the tax incentives after pre-registration is [...]
