Malaysia Family Office Tax Incentives Expected to Generate USD2.5bn Impact

Malaysia family office tax incentives could deliver up to MYR10.7bn (USD2.5bn) in economic benefits, according to Juwai IQI Global Wealth Office head Haroon Anwar. The new package aims to attract single-family offices (SFOs) with assets of at least MYR30m, a threshold below Hong Kong’s and far under Dubai’s MYR211m. It requires MYR500,000 in annual domestic spending and offers up to 20 years of 0% income tax plus exemptions on stamp duty and capital gains. Anwar said long-term success will depend on regulatory stability and ecosystem depth. Across Asia, the number of SFOs is projected to grow 40% from 2,290 in 2024 to 3,200 by 2029, driven by intergenerational wealth transfers that will see 40% of assets pass to next-generation owners by 2035.