- "Variable Capital Companies Act 2018" was launched in 2020. The main advantage of VCC is its flexibility, which can be applied to open-end and closed-end funds, and benefits from Singapore tax-free incentives.
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Greater flexibility in issuance and redemption of shares as well as payment of dividends out of capital.
Enhanced safeguards by segregation of assets and liabilities in each sub-fund.
Can be used for all traditional and alternative strategies, and structured as either open-ended or closed-end fund.
VCC is treated as a single entity for tax purposes and also eligible for tax exemption.
VCC must be managed by a fund manager regulated by MAS.
Foreign corporate entities can re-domicile to Singapore as VCCs.
Greater flexibility in issuance and redemption of shares as well as payment of dividends out of capital.
Enhanced safeguards by segregation of assets and liabilities in each sub-fund.
Can be used for all traditional and alternative strategies,and structured as either open-ended or closed-end fund.
VCC is treated as a single entity for tax purposes and also eligible for tax exemption
VCC must be managed by a fund manager regulated by MAS.
Foreign corporate entities can re-domicile to Singapore as VCCs.
