What's a single family office?


Single Family Offices and wealth planning in Asia. - Pexels

PETALING JAYA: The Special Financial Zone or SFZ in Forest City, Johor, is offering a 0% tax rate for family offices as an incentive.

The first location in Malaysia to offer such an incentive, the single family office (SFO) scheme will be operational by the first quarter of next year or 2025, announced Finance Minister II Datuk Seri Amir Hamzah Azizan on Friday (Sept 20).

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Fisheries Act amendment to strengthen marine mammal conservation
Thousands affected as overnight downpour triggers Paitan floods
Three rural areas in Sabah declared disaster zones after floods
Severe rain warning issued for several areas in Sabah
INTERACTIVE: A peek into the balik kampung exodus
MMA calls for stronger action against illegal clinics in Kuala Lumpur
The hidden struggle of M’sian women stranded in Lombok
Stable meal prices despite festive rush
Three fined RM128.9mil over 1,000 wildlife parts
Light bites draw crowds at Bertam bazaar

Others Also Read