MINES WELLNESS CITY

MINES Wellness City is an integrated Health and Wellness resort city located a mere 15 minutes from the bustling metropolitan of Kuala Lumpur, Malaysia. The MINES Wellness City has been provisioned to be South East Asia’s First Wellness City, and a premier health and wellness tourism landmark.

MINES Wellness City’s inclusion as one of Malaysia’s entry point projects for Malaysia’s ETP was ocially announced by Prime Minister of Malaysia, YAB Dato’ Seri Najib Tun Razak on 11 January 2011. The expansion of the city is part of the Malaysian Economic Transformation Programme in which is spearheaded by PEMANDU (Performance Management and Delivery Unit), directly under the Prime Minister’s Department. Developed by Country Heights Holdings Berhad, MINES Wellness City showcases the company’s continuous legendary transformation of a derelict tin mine, devoid of economic and social value, to an internationally-acclaimed venue that is designed to showcase superior wellness facilities and practices.

It will be the rst real estate development combined with wellness attributes where people, business and connectivity are brought together in a single destination.

Being a premier destination for wellness needs and lifestyle, MINES Wellness City will provide world-class infrastructure to create a healthy, well-balanced environment for communities to live and to work in.

MINES WELLNESS CITY

TAX EXEMPTION

Companies or individuals with experience in health and wellness industries are encouraged to set up their businesses in MINES Wellness City to take advantage of the government’s tax incentives.

PROPERTY DEVELOPERS

Income tax exemption on income derived from disposal of land and building in MWC from Year of Assessment (“YA”) 2013 to YA 2023; or Income tax exemption on income derived from rental of building located in MINES Wellness City from YA 2013 to YA 2026; and 50% stamp duty exemption on instrument of conveyance on acquisition and rental of land or building located in MINES Wellness City executed 2013 to 2023.

WELLNESS OPERATORS

70% income tax exemption on income derived from qualied activities in healthcare services or complementary and traditional healthcare services carried out in MINES Wellness City for 5 years from date of commencement of business of the said qualifying activities; or Investment Tax Allowance of 60% or more for 5 years on qualifying capital expenditure incurred for qualifying activities carried out within MINES Wellness City and this allowance is allowed to be set-o against 70% of statutory income for relevant YA.

PROPERTY MANAGERS

Income tax exemption on income derived from providing management, supervision or marketing services to developer in MINES Wellness City from YA 2013 to YA 2023.

WELLNESS/ EXHIBITION/ Roadshow EVENTS Promoters

A) Event Sponsor, single deduction up to a maximum of RM 1 million for each YA for event sponsorship. Sponsorship must be in the form of cash and event sponsored must be in relation to healthcare approved by the Ministry of Health.

B) Promotion of international conference and trade exhibitions for both trade and consumer income tax exemption on statutory income derived from organising an international conference/ trade exhibition within MWC related to healthcare or healthcare trade with participation of total number of foreign exhibitors not less than 300 per year and / or total number of foreign visitors not less than 500 per year.