Malaysia is strengthening its capital markets through policies supporting family offices, the Securities Commission (SC) said in its 2024 annual report. The SC said family offices can drive inclusive growth by reinvesting wealth domestically, supporting businesses, innovation, and social development. A Single Family Office Tax Incentive Scheme, offering a zero-rated tax for 10 years, aims to attract both local and foreign investors. The Forest City Special Financial Zone was also launched to encourage wealth repatriation and draw foreign family offices. The scheme could generate up to MYR10.7bn (USD2.41bn) in economic impact and create skilled jobs. Citing McKinsey, the SC noted Asia Pacific is set to see a USD5.8tr intergenerational wealth transfer by 2030, presenting major opportunities for Malaysia’s financial sector.