Special Financial Zones – SFZ

The Forest City Special Financial Zone (SFZ) is a newly established economic area in Iskandar Puteri, Johor, Malaysia. It was launched by the Malaysian government on September 20, 2024, as part of efforts to attract foreign investment and boost economic activity in the region.

Discover the opportunities in Forest City Special Financial Zone (SFZ), designed to attract global investment with tax incentives, relaxed visa regulations, and business-friendly policies. Unlock business potential in Malaysia’s cutting-edge economic hub with our expert guidance!

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New Updates

Forest City Special Financial Zone – Special Incentives of SFZ

Launched in 20 September 2024

Forest City Special Financial Zone FCSFZ is part of Malaysia’s MADANI Economic Framework, designed to position the country as a global financial hub, like Shenzhen and Dubai. FCSFZ refers only to the island of Forest City.

Business Tax Benefits:

Companies in the zone can take advantage of a reduced corporate tax rate between 0-5%.

Talent Incentives:

Knowledge workers receive a special personal income tax rate of 15%.

Family Office Benefits:

A 0% tax rate applies to those establishing family offices.

Fintech & Payments:

A 5% tax rate is available for fintech and foreign payment service providers.

Shared Services & Insurance:

Businesses in shared services and insurance sectors are eligible for special incentives.

Digital Payments Hub:

The zone is set to become a leading center for digital payment solutions.

Banking & Financial Services:

Includes attractive tax breaks, relocation support, and exemptions for banks and insurance firms.

Branch Flexibility:

Easier processes and regulatory perks for opening new branches within the zone.

forest city sfz
  • Type:
    • Treatment and operation (Immigration regulations)
    • Promotion and facilitation (Special economic zones)
    • Promotion and facilitation (Investment facilitation , Investment incentives)

 

  • Industry:
    • Not industry specific

 

Forest City SFZ

All applications must be made through licensed MM2H tourism operators. This ensures that the application process is handled professionally and that all necessary documentation and procedures are followed correctly. Individual or walk-in applications are no longer accepted.

All applications, whether new or for renewal, must be submitted through the MM2H One Stop Centre. This centralized processing point handles all immigration and approval matters, which are under the jurisdiction of the Ministry of Home Affairs and the Immigration Department of Malaysia. Even appeals for rejected applications must be directed to the Minister of Home Affairs.

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MM2H Special Financial Zone -SFZ Requirements for Visa Permit Application

The MM2H Special Financial Zone (SFZ) offers a visa permit with the following requirements:

Fixed Deposit
MM2H Term
Age Requirement
Compulsory Property Purchase
Fixed Deposit withdrawal allowed after 1 year
Government Application Fee
Government renewal Fee
Other Financial Requirements
Days in Malaysia Per Year Age 25 - 49
Days in Malaysia Per Year Age 50+
Dependents
Parents and In-Laws
Business Activity/Owning a Business
Employment
Tax Examption
Age 21 - 49
USD65,000
10 Yrs Renewable
Minimum Age 21 for Main Applicant
Min RM600K at Forest City
Maximum 50% withdrawal for proerty purchase, medical, education & tourism purpose
RM1,000
RM300
No Income or other liquid fund required
90 days per year between main applicant or spouse & dependents
90 days for main applicant and spouse
Maximum age of child 35 & single
Allowed (must be age 60+)
Must Apply Separately
Not Allowed
No tax on foreign fund/income and profit on fixed deposit in Malaysia
Aged 50+
USD32,000
10 Yrs Renewable
Minimum Age 21 for Main Applicant
RMin RM600K at Forest City
Maximum 50% withdrawal for proerty purchase, medical, education & tourism purpose
RM1,000
RM300
No Income or other liquid fund required
90 days per year between main applicant or spouse & dependents
90 days for main applicant and spouse
Maximum age of child 35 & single
Allowed (must be age 60+)
Must Apply Separately
Not Allowed
No tax on foreign fund/income and profit on fixed deposit in Malaysia

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You can consult and apply MM2H directly or through our licensed agents located in Johor Bahru (JB), Kuala Lumpur (KL), Penang (PN), Sabah, Sarrawak, even in Singapore. Our licensed MM2H agents will assist you in navigating the MM2H application process with ease, making it easy to start your journey to Malaysia.

Get professional MM2H consultation services to guide you through the Malaysia My Second Home program.  From visa applications to residency guidance, we simplify the Malaysia My Second Home process, ensuring a hassle-free journey to securing your 5, 10, or 20-year visa. Let us make Malaysia your second home, unlock your dream of living in Malaysia with our personalized MM2H consultation services.

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