Malaysia’s single-family office scheme has drawn “very healthy” interest and is on track to achieve the goal to attract 2 billion ringgit of assets under management by the end of this year, according to a senior official from Securities Commission Malaysia (SC).
Launched in 2024, the scheme offers tax incentives to lure wealthy families to set up family offices in Forest City, located about 45 kilometres from Singapore.
As of end-2025, the scheme had secured nine family offices managing a combined 670 million ringgit (US$169 million) of assets, according to the SC’s annual report released on April 22.
“We are on track to achieve it [2 billion ringgit] … There’s been a very healthy expression of interest pipeline that we have seen,” Azalina Adham, managing director of the SC, said at a media briefing after the report was released.
A family office must maintain at least 30 million ringgit of assets and allocate a minimum 10 million ringgit or 10% of total assets into local or promoted investments in order to qualify for tax breaks offered under the scheme.
