PETALING JAYA: Malaysia has the opportunity to bring in huge investments into the country by developing the Islamic or syariah-compliant family office...
Lee proposes that government offer long-term visit pass or visa for foreigners who set up family offices in the country.Malaysia has the opportunity to bring in huge investments into the country by developing the Islamic or syariah-compliant family office.
“We can leverage the syariah or Islamic capital market that we have. are able to set up their family office here and invest into Asia,” he toldHe cited Mordor Intelligence, which expects the global family offices industry to grow from US$124.28 billion in 2023 to US$209.91 billion billion) by 2028.
He pointed to Hong Kong and Singapore, saying they have wooed and continue to attract family offices resulting in a significant inflow of investment. Lee said there is a significant amount of high net worth individuals in China, India and Taiwan which the country should target and woo.
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