FC-SFZ is poised to become a magnet for global talent, drawing top professionals from high-tech services and innovative industries. This initiative aims to position Forest City as a thriving hub for growth, creativity, and high value employment opportunities. A reduced tax rate lies at the heart of the government’s strategy to attract international expertise and foster knowledge-based industries to establish a strong presence in Malaysia.
Skilled workforce in sectors such as global services, financial technology, and digital technology are anticipated to drive forward economic development and accelerate advancements. This policy aligns with the increasing demand for top talent as multinational corporations (MNCs) and start-ups target the region for their growth ambitions, aligned with the Government’s aspiration in positioning Malaysia as a Global Services Hub by 2025, as outlined under the Twelfth Malaysia Plan (12MP).
In addition to the competitive tax rate, the introduction of multiple-entry visas is a game-changer for foreign professionals. These visas offer greater flexibility and ease of mobility for those working or investing in Malaysia, significantly reducing administrative hurdles. This streamlined process will make it even more appealing for top talent to relocate and will empower business owners and investors to engage in cross-border activities with enhanced efficiency.
