Bilans d’évènement

Past Event – Doing business in the Johor-Singapore Special Economic Zone

Throwback on our latest Asia Committee meeting on Doing business in the Johor-Singapore Special Economic Zone (JS-SEZ).

A warm thank you to our esteemed speakers: Casatrina Lee, Deputy Director Johor-SG Special Economic Zone Programme Office at EDB, Sai Chao Yong, Senior Vice President, Group Foreign Direct Investment Advisory at UOB Bank, Joanne Lee Partner at​ Deloitte Singapore, and Nicolas Menville, Executive Director, Head of Singapore based Industrial Clients at Colliers - for sharing their invaluable insights on the recent concluded Johor-Singapore Special Economic Zone.

Key takeaways from the session included:

  • JS-SEZ Formation: Malaysia and Singapore have established the Special Economic Zone to deepen economic partnership and create a new value proposition for global companies.
  • Complementary Strengths: The JS-SEZ leverages Johor's abundant resources (land, labor) with Singapore's strengths (innovation, R&D, business ecosystem), promoting a "twinning model" where companies can operate in both locations.
  • Targeted Growth: The JS-SEZ targets key sectors like manufacturing, logistics, digital economy, and energy, aiming for 100 projects in 10 years.
  • Business Facilitation: The Investment Asia Facilitation Center Johor (IMFEJ) acts as a one-stop shop for businesses, with expedited processes (Johor Superlane) for larger investments.
  • Enhanced Connectivity: Initiatives like passport-free QR codes and the upcoming Rapid Transit System (RTS) will significantly improve the movement of people.
  • Streamlined Logistics: Paperless cargo clearance and simplified customs permits reduce time and cost for goods movement.
  • Attractive Incentives: Malaysia offers JS-SEZ specific incentives, including reduced corporate tax rates (5% for 15 years) and income tax rates for knowledge workers (15% for 10 years).
  • Diverse Opportunities: The JS-SEZ offers opportunities for companies establishing a first presence in Southeast Asia, expanding existing Singapore operations, or setting up regional supplier/distribution hubs.

 

Should you have any questions on the event, please kindly contact Alexia Duvernoy at aduvernoy(@)fccsingapore.com    

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