Forest City Location is a key factor enabling it to attract a number of outstanding strategic partners to contribute significantly to the region’s economic growth through attracting spillover industrial opportunities from Singapore.
Being a special economic zone within the Iskandar special economic zone, Forest City is the gateway connecting Singapore and Malaysia. It is easily accessible via land and water, being only 2km from Singapore and adjacent to the Tuas Second Link between Malaysia and Singapore.
As a free trade port, the Malaysian government has granted in-principle approval for an exclusive Custom Immigration Quarantine inside Forest City.
Forest City’s proximity to Singapore means that investors can enjoy Malaysia’s lower business operation costs while expanding their businesses by talking advantage of the platforms provided by Singapore. Residents can also enjoy Singapore’s metropolitan lifestyle at Malaysia’s lower costs.
The incentives of Forest City Special Financial Zone for industries mainly focus on two sectors, namely family offices and Fintech related industries. Forest City is the first in Malaysia to provide family offices with a zero tax rate for up to 20 years. The minimum AUM (asset under management) scale starts from only RM30 million. Fintech related companies, such as FinTech, Insurtech, Regulatory Fintech, Islamic Fintech, Foreign payment system operators, Financial Global Business Services, can enjoy 5% tax rate up to 20 years.
