Following our article about special tax regimes in Europe, we would like to introduce you some Asian countries that offer favourable tax conditions to their tax resident individuals.
Special tax regimes for individuals in Asia
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Tags: Malaysia
Special Economic Zones: UAE, Singapore, Malaysia, Georgia
Special economic zones (SEZ) are limited territories where the legislation on trade, taxes and business differs from the legislation on the rest territory of a country. SEZ are very popular all over the world and are created for different purposes and for different projects. For example, the Russian SEZ in Kaliningrad on Oktyabrsky Island and in Vladivostok on Russky Island were created for the purpose of returning large capital to Russia as part of the deoffshorization policy, and the Belarusian High-Tech Park was created to attract and retain IT businesses, including those related to blockchain and cryptocurrency.
