Malaysia SFO Scheme Gains Traction with 0% Tax Incentive

Malaysia SFO scheme is gaining traction as a competitive alternative to Singapore and Hong Kong, offering a 0% tax incentive on eligible investment income for up to 20 years. PwC Malaysia private business leader Fung Mei Lin said wealthy families are showing strong interest, with local families applying readily while foreign families remain cautious—a trend seen when Singapore first launched its own regime. Anchored in the Forest City Special Financial Zone, the programme requires at least RM30m (USD6.3m) in assets under management and RM500,000 (USD105,000) in annual local spending. Fung said credibility will hinge on success stories from early applicants, and noted that multi-family office initiatives could follow as Malaysia’s wealth management ecosystem matures.