Speaking about the SEZ, Mr Wong encouraged buyers to look at the” substitutability” between Johor and Singapore as an entire habitat that can bring “many benefits”.
At a joint press conference with Mr. Anwar on Tuesday, he said,” I think there are many strengths that we can exploit from both sides that will allow us to enhance our value proposition and make this ( JS-SEZ ) a much more competitive and attractive place for businesses to operate from.”
” It’s not just about Singapore organizations moving to Johor, but it’s also about both sides working up to entice new investment projects to be launched worldwide.”
Mr. Anwar continued, noting that the JS-SEZ was a “unique action” and that it was unusual for two nations to collaborate as a team.
” We are presently expanding this kind of mood and scheme toward the sub-region and ASEAN as a whole, which is a rare miracle,” he said.
Malaysia will offer the JS-SEZ a tax incentive package that includes a unique corporate tax rate for businesses that make new investments in JS-SEZ high growth and higher value-added activities, according to Mr. Rafizi.
He also revealed the JS-SEZ may offer a unique personal income tax price, to be announced afterwards by Malaysia’s finance department.
The JS-SEZ, which was first mooted in July 2023, may cross 3, 571 square miles and include nine “flagship areas” food to different economic sectors.  ,