Kuala Lumpur, Malaysia
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



2024 / 2025 Summits in Hong Kong & Singapore
Institutional Investor Summit / Roundtable - March / Oct / Nov
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept / Oct / Nov
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register


This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $30 billion.











Malaysia Targets $110 Million to $270 Million AUM from Single Family Offices by 2030, New Malaysia Family Office Incentive Scheme Allows 0% Tax on Income from Eligible Investments with Registered & Operating Office in Forest City Special Financial Zone (Johor State), Duration of 20 Years (10 Years + 10 Years), Single Family Office Vehicle Must be New Investment Holding Company Incorporated in Malaysia & Seek Pre-Registration for Tax Incentives

8th November 2024 | Hong Kong

Malaysia is targeting $110 million to $270 million AUM from single family offices by 2030 (MYR 500 million to MYR 1.2 billion AUM).  In 2024 September, Malaysia announced new Family Office Incentive Scheme – 1) 0% tax on income from eligible investments with registered & operating office in Forest City Special Financial Zone (Johor State), 2) Duration of 20 years (10 Years + 10 Years), 3) Single Family Office Vehicle must be new investment holding company incorporated in Malaysia & seek pre-registration for tax incentives.  First 10 Years – Minimum AUM of RM30 million ($7.2 million) with lower of 10% or RM10 million ($2.4 million) invested in Malaysia, 2 full-time employees with at least 1 investment professional with minimum monthly salary of RM10,000 ($2,400) & minimum annual local operating expenses of RM500,000 ($121,000).  Next 10 Years – minimum AUM of RM50 million ($12.1 million) with lower of 10% or RM10 million ($2.4 million) invested in Malaysia, 4 full-time employees & minimum annual local operating expenses of RM650,000 ($157,000).  Securities Commission Malaysia (23/9/24): “The Securities Commission Malaysia (SC) welcomes the Government’s announcement on the new Family Office incentive scheme, which is aimed at enhancing investment landscape in Malaysia.   This comes after the Prime Minister Dato’ Seri Anwar Ibrahim’s announcement last year on policies to encourage establishment of family offices in Malaysia to draw a larger pool of investors that will widen the financing support for SMEs and the new economy.  Minister of Finance II, Senator Datuk Seri Amir Hamzah Azizan announced the Single Family Office scheme as part of incentive packages for the Forest City Special Financial Zone on Friday (20 September 2024). The SC has been tasked with coordinating the Single Family Office incentive scheme.  The incentive provides for a 0% concessionary tax rate on income generated by eligible investments from the Single Family Office Vehicle (SFOV1).  The Forest City will be the first location in Malaysia to offer a 0% tax rate incentive for Family Offices.”  More info below:

“ Malaysia Targets $110 Million to $270 Million AUM from Single Family Offices by 2030, New Malaysia Family Office Incentive Scheme Allows 0% Tax on Income from Eligible Investments with Registered & Operating Office in Forest City Special Financial Zone (Johor State), Duration of 20 Years (10 Years + 10 Years), Single Family Office Vehicle Must be New Investment Holding Company Incorporated in Malaysia & Seek Pre-Registration for Tax Incentives “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
17th Oct Hong Kong | 7th Nov Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place on 17th Oct 2024 in Hong Kong, 7th Nov 2024 in Singapore. Every March, July, Sept, Oct & Nov.
Visit | Register here


The 2024 Family Office Summit
17th Oct Hong Kong St Regis | 7th Nov Singapore Amara Sanctuary Resort

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here


2024/2025 Institutional Investor Summit / Roundtable
March / Oct / Nov in Hong Kong & Singapore

Join CEOs, CIOs, Senior investment team from Sovereign Wealth Funds, Pension Funds, Endowments, Foundations & Charities in Hong Kong, Singapore & Asia-Pacific at the 2024 Institutional Investor Summit / Roundtable.   Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2024/2025 Investment / Alternatives Summit
March / Oct / Nov in Hong Kong & Singapore

Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2024/2025 Private Wealth Summit
April / Oct / Nov in Hong Kong & Singapore

Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit.  Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here





 

New Malaysia Family Office Incentive Scheme: 0% Tax on Income from Eligible Investments with Registered & Operating Office in Forest City Special Financial Zone (Johor State), Duration of 20 Years (10 Years + 10 Years), Single Family Office Vehicle Must be New Investment Holding Company Incorporated in Malaysia & Seek Pre-Registration for Tax Incentives, First 10 Years – Minimum AUM of RM30 Million ($7.2 Million) with Lower of 10% or RM10 Million ($2.4 Million) Invested in Malaysia, 2 Full-Time Employees with at Least 1 Investment Professional with Minimum Monthly Salary of RM10,000 ($2,400) & Minimum Annual Local Operating Expenses of RM500,000 ($121,000), Next 10 Years – Minimum AUM of RM50 Million ($12.1 Million) with Lower of 10% or RM10 Million ($2.4 Million) Invested in Malaysia, 4 Full-Time Employees & Minimum Annual Local Operating Expenses of RM650,000 ($157,000)

Kuala Lumpur, Malaysia

25th September 2024 – Malaysia new Family Office Incentive Scheme – 1) 0% tax on income from eligible investments with registered & operating office in Forest City Special Financial Zone (Johor State), 2) Duration of 20 years (10 Years + 10 Years), 3) Single Family Office Vehicle must be new investment holding company incorporated in Malaysia & seek pre-registration for tax incentives.  First 10 Years – Minimum AUM of RM30 million ($7.2 million) with lower of 10% or RM10 million ($2.4 million) invested in Malaysia, 2 full-time employees with at least 1 investment professional with minimum monthly salary of RM10,000 ($2,400) & minimum annual local operating expenses of RM500,000 ($121,000).  Next 10 Years – minimum AUM of RM50 million ($12.1 million) with lower of 10% or RM10 million ($2.4 million) invested in Malaysia, 4 full-time employees & minimum annual local operating expenses of RM650,000 ($157,000).  Securities Commission Malaysia (23/9/24): “The Securities Commission Malaysia (SC) welcomes the Government’s announcement on the new Family Office incentive scheme, which is aimed at enhancing investment landscape in Malaysia.   This comes after the Prime Minister Dato’ Seri Anwar Ibrahim’s announcement last year on policies to encourage establishment of family offices in Malaysia to draw a larger pool of investors that will widen the financing support for SMEs and the new economy.  Minister of Finance II, Senator Datuk Seri Amir Hamzah Azizan announced the Single Family Office scheme as part of incentive packages for the Forest City Special Financial Zone on Friday (20 September 2024). The SC has been tasked with coordinating the Single Family Office incentive scheme.  The incentive provides for a 0% concessionary tax rate on income generated by eligible investments from the Single Family Office Vehicle (SFOV1).  The Forest City will be the first location in Malaysia to offer a 0% tax rate incentive for Family Offices.”  More info below:

The SC Chairman Dato’ Mohammad Faiz Azmi : “This move taps on the rising trend of Family Offices globally, providing comprehensive wealth management solutions, while leveraging on Malaysia’s robust regulatory environment.  Establishing the SFO Scheme positions Malaysia to enhance its investor base by attracting regional and Malaysian families to manage their wealth from Malaysia. The projected economic multiplier of this initiative from the local substance requirements is estimated to range from RM3.9 billion to RM10.7 billion, which also includes the positive effects on creation of skilled employment and the demand for other ancillary services.”

 

The incentives offered are subjected to several conditions. They include: 

  • Location: Establish and operate a registered office in Pulau 1, Forest City Special Financial Zone.
  • Duration: 20 years, covering the initial period of 10 years and additional/subsequent 10 years.
  • To qualify for Initial Period (10 years):
  • The SFOV must be a new investment holding company incorporated in Malaysia and seek pre-registration with the SC on the eligibility of the tax incentives;
  • Management company or SFO2  which is a related company of SFOV to be set up and operate out of Pulau 1, Forest City Special Financial Zone with at least one investment professional with minimum monthly salary of RM10,000.
  • Hold AUM of at least RM30 million; meet minimum local investment in eligible and promoted investments of at least 10% of asset under management (AUM) or RM10 million whichever is lower;
  • SFOV to spend operating expenditure (OPEX) locally a minimum of RM500,000 annually;
  • Employ a minimum of two full-time employees of whom at least one is an investment professional, with minimum monthly salary of RM10,000;

To qualify for Additional Period (additional 10 years):

  • Hold AUM of at least RM50 million; meet minimum local investment in eligible and promoted investments of at least 10% of asset under management (AUM) or RM10 million whichever is higher;
  • SFOV to spend OPEX locally (30% higher than Initial Period) a minimum of RM650,000 annually;
  • Employ a minimum of four full-time employees.

The SFO or management company may not need to get certain licenses under the Capital Markets and Services Act 2007 (CMSA), such as for fund management, as long as it only provides services for its related corporation, the SFOV.  Eligible SFOVs may apply to the SC for certification for purposes of the tax incentives, subject to the SFOVs demonstrating that it has complied with the relevant conditions.  The SC is currently working with the relevant stakeholders to operationalise the scheme by the first quarter of 2025. 

For more information or any queries regarding the Family Office Scheme, please refer to the FAQ available (here) or email [email protected].

 

 

Notes:

  1. A Single Family Office Vehicle (SFOV) is typically a corporate vehicle which is wholly owned, directly or indirectly, by one or more individuals from a single family and established solely for the purposes of holding the investments of the family members.
  2. A Single Family Office (SFO) Management Company is an entity that provides management services exclusively to its related Single Family Office Vehicle (SFOV), handling tasks such as investment management, administrative services, and other related activities for the benefit of the family members.



Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers


    $20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM


    Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents


    2024 Investment Day Hong Kong 17th Oct2024 Investment Day Singapore 7th Nov2024 Family Office Summit Hong Kong 17th Oct2024 Family Office Summit Singapore 7th Nov2025 Events












    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • July 2024 - Hong Kong
    • July 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Oct 2024 - Hong Kong
    • Nov 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014