Johor Singapore Special Economic Zone | JS SEZ New Update Nov 2024

In November 2024, the latest developments in the JS-SEZ – Johor-Singapore Special Economic Zone  show some exciting steps toward making cross-border interactions smoother and more efficient. The JS-SEZ is set to enhance the link between Johor, Malaysia, and Singapore, with key plans to streamline travel and trade across the border.

Johor-Singapore Special Economic Zone (JS-SEZ), featuring passport-free clearance and digital cargo processing for seamless cross-border trade. Learn about job creation initiatives, investment in talent development, and how the SEZ strengthens economic ties between Malaysia and Singapore. However, a key legal requirement for the program is that applicants must purchase property from the Forest City developer.

Book A Free Consultation

New Updates

JS SEZ – Key Zones

Updated in October 2024

The JS SEZ – Johor-Singapore Special Economic Zone will span across six local authorities in Iskandar Malaysia and Pengerang, covering an area over 3,500 square kilometers. The zone aims to boost bilateral economic cooperation between Malaysia and Singapore, focusing on industries like logistics, finance, tourism, and manufacturing.

 

  1. Zone A – Johor Bahru City Centre: Development of a financial district, central business area, and waterfront city.
  2. Zone B – Nusajaya: Home to state administrative centers, Medini Iskandar, and educational hubs.
  3. Zone C – Western Gate Development: Focuses on the Port of Tanjung Pelepas and free trade zones.
  4. Zone D – Eastern Gate Development: Development around Pasir Gudang Port, technology parks, and distribution centers.
  5. Zone E – Senai-Skudai: Features Senai International Airport, cargo hubs, and a technology cluster.
  6. Pengerang: Known for its energy and petrochemical industries, positioned as a major energy hub.

The Johor-Singapore Special Economic Zone (JS-SEZ) will focus on sectors such as logistics, financial services, tourism, food security, education, healthcare, digital economy, energy, and manufacturing. Although a deal between Malaysia and Singapore was anticipated for September, it has been delayed as final details and incentives are being worked out. The initiative, first announced in October 2023 during Prime Minister Anwar Ibrahim’s Singapore visit, is expected to foster bilateral growth and economic cooperation.

source: https://theedgemalaysia.com/node/730599

 

Johor-Singapore Special Economic Zone (JS-SEZ)
JS-SEZ Johor-Singapore Special Economic Zone Locations

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.

MM2H Visa Approval
Book A Free Consultation

The Johor-Singapore Special Economic Zone (JS-SEZ) 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
RM600K for Forest City SEZ
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
RM600K for Forest City SEZ
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

Get Started

MM2H FREE Consultation

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.

Schedule a consultation
mm2h free consultation

Start Your MM2H Journey Today

Embark on your adventure with the MM2H program! Let our expert agency guide you through the application process and help you unlock the door to long-term residency in this beautiful country. Start living your dream life in Malaysia today—contact us now to get started! Contact us now to begin your Malaysia My Second Home application process

Schedule a consultation