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- An Invest Malaysia Facilitation Centre–Johor (IMFC-J) is in progress to facilitate investments in JS-SEZ and reduce bureaucracy in expediting approvals.
The Johor-Singapore Special Economic Zone (JS-SEZ) has just taken a major step forward with the government pledging to offer special incentives by the end of the year. The incentives are aimed at attracting quality investments and creating high-value jobs.
Forest City is also given an uplift through various initiatives:
1. Forest City is designated as a Duty-Free Island to support local tourism and economic activities.
2. A tax incentive package for the Forest City Special Financial Zone has been announced to boost financial services activities, such as global business financial services and fintech.
3. The Single Family Office Scheme has been launched for the Forest City Special Financial Zone to promote family fund management.
4. The Securities Commission (SC) will facilitate the operation of Family Offices, and will act as the approving authority for granting Resident Passes and Employment Passes to both Founding Family Investors and relevant Family Office investment professionals.
An Invest Malaysia Facilitation Centre–Johor (IMFC-J) is in progress to facilitate investments in JS-SEZ and reduce bureaucracy in expediting approvals.
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