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Tech startups, factories may benefit most from Johor-Singapore ecozone
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Feature on Singapore Business Review (Jan 2025)
Our Tax Partner, Kirsty McMillan, shares her expert views with the Singapore Business Review.
SBR: Business to benefit from newly signed Johor-Singapore SEZ agreement
The Johor-Singapore Special Economic Zone (JS-SEZ) is looking to be a game-changer for small manufacturers and tech startups, where such companies with revenues less than $1.1B, are not subjected to the global minimum tax on multinationals enterprises.
Kirsty shared how the JS-SEZ deal not only warrants tax benefits, but is set to transform the region into an economic hub, fostering innovation, trade, and investment — a significant step ahead in capturing more foreign direct investment (FDI).
"With this special economic zone, Singapore can leverage Johor's lower-cost environment to attract investments while maintaining its edge in high-end manufacturing, research, and development", she adds.
Read more the full article on Singapore Business Review.
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