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The Singapore VCC (Variable Capital Company) is one of the latest fund structures introduced under the Variable Capital Companies Act. This innovative structure is gaining traction among fund managers due to its flexibility, regulatory support, and efficiency. As a key investment vehicle, the VCC Fund Structure Singapore is regulated by the Monetary Authority of Singapore (MAS), offering an effective framework for fund operations.
This VCC structure offers flexibility not commonly found in other fund vehicles. Fund managers operating under the VCC Umbrella Structure Singapore can manage multiple VCC Sub-Funds with different investment strategies. It supports both open-end and close-end fund models.
The VCC Fund Structure ensures confidentiality, as fund shareholders are not required to be disclosed to the public. These privacy features make it a compelling choice for fund managers seeking VCC compliance and discretion.
The first step in the registration process is to find a suitable name for your VCC (Variable Capital Company) and then search this name on the Bizfile + Search Directory to determine if it is available. Note that you must choose a unique name that matches the Minister of Finance’s requirements.
To register a VCC in Singapore, you must appoint:
You must offer the ACRA an office address where all the necessary notices about the VCC are addressed and where you can house all the essential documents. Ensure that this office is accessible and operational. However, it is not necessarily where the operations take place.
Every VCC (Variable Capital Company) must have a Constitution (Legal document) which the applicant must submit for the registration process. It defines the VCC (Variable Capital Company) characteristics, the regulatory framework, operations details, and every key employee’s responsibilities. This document is private and only available to the relevant authorities.
Venture Company Corporations through the VCC structure and private limited company formations serve different business needs in Singapore due to their distinct organizational benefits.
The Venture Company Corporation (VCC) functions as a confrontable corporate entity which specifically targets investment fund operators particularly those in venture capital as well as private equity and other fund management roles. Through this structure funds operate as autonomous entities which grant better fund control together with international investment opportunities. A Venture Company Corporation possesses three fundamental characteristics involving different share types and adjustable capital requirements and permitting fund holding structures for multiple sub-funds.
Business operations within retail and services or manufacturing industries typically adopt traditional structure of Private Limited Companies based in Singapore. Under Private Limited Company regulations shareholders and directors get limited liability protection and the governance structure is simple with standard tax rules applying to the company.
VCCs serve investment funds with flexibility but traditional companies best match businesses requiring standard corporate operations and standard organizational structure.
This application form requires you to provide the VCC name, type of the VCC, nature of activities, and office details.
Our team will go through all the documents and assist you in preparation of documents required for the quick approval.
Once all documents are reviewed and checked, we will file the paper for the incorporation of the company.
Application for a VCC incorporation includes several submissions to the ACRA, and in every submission, there are statutory filing fees that you must pay. These applications include:
The VCC incorporation approval may take 14 to 60 days before the subscriber may get the results. This time also includes the referral time to other agencies for review in case of any challenges.
The implementation of a Variable Capital Company (VCC) in Singapore demands three fundamental steps.
1. Confirm that the VCC operates as a fund management entity which includes venture capital documentation and private equity businesses and alternative investment strategies. An entity managed by VCC functions as one standalone fund and either as a limited framework with various sub-funds.
2. Every Variable Capital Company requires a fund manager holding a license that meets all requirements from the Monetary Authority of Singapore.
3. Select a distinguishable name for the VCC device then reserve it through the accounting and corporate regulatory authority (ACRA) website platform.
4. To form a VCC you must gather essential documents which include constitutions for the company as well as manager specification information and agreements that govern fund management.
5. After preparing the incorporation application stakeholders must deliver it to the Accounting and Corporate Regulatory Authority. The application requires each VCC to disclose information about its fund structure which must include company directors and shareholders together with the registered office address in Singapore.
6. The VCC must comply with MAS’s regulatory demands by fulfilling requirements from both anti-money laundering and specific VCC rules.
After gaining approval the VCC becomes officially registered to operate under investment fund regulations of Singapore.
The Variable Capital Company (VCC) is a flexible and tax-efficient investment vehicle introduced by the Singapore government to support fund managers and global investors. With benefits like variable share capital, tax exemptions, and simplified compliance, VCCs are fast becoming the preferred structure for fund domiciliation in Singapore.
If you plan to establish a Variable Capital Company (VCC) in Singapore to manage investments, you must obtain additional licenses from regulatory authorities in Singapore. These licenses are required to ensure that the VCC is operating in compliance with relevant regulations and to provide protection to investors.
A VCC in Singapore must obtain two types of licenses :
That way, the VCC shows investors and the MAS that it is committed to maintaining high standards of transparency and accountability. Additionally, the two licenses assure investors that their investments are managed by a reputable and trustworthy entity, which can help to attract capital and support the growth of the VCC.
Registration of a VCC under ACRA can be carried out by a subscriber of the proposed VCC or a CSP (Corporate Service Provider). Note that subscribers can either be a corporate or a person who is part of the proposed VCC.
No. A VCC is not mandatory to apply for approval from MAS before its registration process. However, note that existing requirements under the Securities and Futures Act also apply for the VCC.
The VCFM doesn’t require minimum base capital and risk-based capital; hence you don’t have to worry about the money.
Singapore's regulatory framework requires that a VCC must have a minimum of one director living in Singapore. Note that it is a must that the director has the proper qualifications to serve as the director.
Unfortunately, this question has no direct answer since there are some conditions. For example, foreigners can re-domicile their overseas fund in Singapore as VCC only if their investment structure matches the VCC structure. Also, the fund managers must register as a VCC and report to the foreign authorities about their re-registration in Singapore.
The application process is quite complicated and, in most cases, requires the assistance of professionals. For instance, you can seek these services from our website, and our reliable team will assist you in the whole process.
The first step in the registration process of a VCC is to give your VCC a name and submit it for approval. Later, you must register the name within the next 120 days after its approval to avoid your application from lapsing