KUALA LUMPUR: The Single Family Office (SFO) incentive is gaining traction, with the Securities Commission Malaysia (SC) having approved several applications amid rising interest from families and businesses looking to establish a presence in the country.
Citing a report, SC managing director Datin Paduka Azalina Adham said the number of SFOs in the Asia-Pacific region is expected to grow by 40 per cent, from 2,290 in 2024 to 3,200 by 2030, surpassing growth in most other regions.
