What is a Variable Capital Company (“VCC”)?

A Variable Capital Company ("VCC") is a Singapore-based corporate vehicle for investment funds, managed by permissible fund managers on behalf of their investors.

Under the Extended Variable Capital Companies Grant Scheme, the Monetary Authority of Singapore ("MAS") will co-fund 30% of qualifying expenses paid to Singapore-based service providers for qualifying work performed in Singapore, in relation to the incorporation or registration of a VCC. Companies must fulfill certain requirements for VCC formation.

Other key features of a VCC include:

Increased privacy for Register of Members while meeting regulatory requirements;
Able to be set up as a single standalone fund or an umbrella fund with two or more subfunds;
More flexible with its distribution and return of capital;
Eligible for the Extended Variable Capital Companies Grant Scheme (extended until January 15, 2025).

HOW CAN TRICOR HELP?

Get in touch with Tricor Singapore for their local knowledge and expert advice on setting up and doing business in Singapore, as well as the capability to extend services across Asia and other regions via the international network of the Tricor Group.

Download Tricor Singapore's
'What Is a Variable Capital Company (“VCC”)?' to learn more about
VCC formation and incentives of the Grant Scheme.