Establish a Singapore Variable Capital Company (VCC)

Hundreds of VCCs have been incorporated in Singapore since its launch in 2020. If you’re thinking about setting up a VCC, speak to our experts in Singapore to find out how.

Navigate Singapore's premier fund landscape with Vistra.

Singapore is a key fund and asset management hub in Asia Pacific, offering an attractive balance between a competitive tax regime, political and economic stability and the credibility that comes with investing in an onshore financial centre.

In addition, its robust regulatory system and FATF low-risk status provides additional confidence for global investors.

The introduction of VCCs has proven to further increase its appeal as a fund domicile of choice for global and Asian investors, providing fund managers with a flexible structure that simplifies fund administration and corporate governance.

What is the Singapore VCC?

The Singapore Variable Capital Company (VCC) is a corporate structure for investment funds that offers investors and fund managers significant flexibility across different fund strategies, investor classes and asset classes.

The VCC was introduced in 2020 by the Monetary Authority of Singapore (MAS) as a more flexible fund structure compared to the private limited company and the limited partnership. It allows managers to “onshore” their funds in Singapore as well as setting up fund management activities and operations in the city-state.

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Why Vistra for your Singapore VCC?

In-depth VCC knowledge and experience

We were one of the first fund administrators in Singapore to help setup and service clients’ VCC structures since 2020.

Technology driven 

We invest in world-class technology and develop our own proprietary tech on cloud-based platforms to help simplify your fund administration and enhance data security.

Fixed-fee model 

Our pricing is transparent and competitive, so you can expect no surprises.

Comprehensive solution

Our end-to-end fund services include set-up, incorporation and company secretarial services to fund administration, cash management and tax filing services, as well as FATCA/CRS reporting.

Key features of a VCC

Standalone or Umbrella Option: Choose between a standalone VCC or an umbrella VCC with sub-funds, offering versatility in structuring.
Quick Sub-Fund Launch: Utilize the VCC umbrella structure for rapid sub-fund launches, expediting fund establishment.
Efficient Exits: Exit sub funds seamlessly without the need for extensive restructuring or winding down of the entire fund.
Flexible Capital Management: Redeem or purchase fully paid shares and distribute profits or capital as needed, enhancing capital agility.
Smooth Re-domiciliation: Easily re-domicile existing funds with comparable structures into Singapore as VCCs, or inwardly re-domicile foreign corporate entities, streamlining the transition process.

Benefits of the VCC

Vistra can help you launch your VCC and provide end-to-end fund administration, setup, tax compliance, governance and regulatory support.

Flexible for various strategies

The Singapore VCC can be used for traditional and alternative strategies, both open- and closed-ended.

Cost savings

When you set up as an umbrella VCC, economies of scale can be realised through using a single administrator for main and sub-funds.

Tax incentives

VCCs can take advantage of Singapore’s network of tax treaties, which can benefit cross-border investments, as well as apply for government tax incentive schemes such as the 13R/X or 130/U.

Built-in confidentiality

Accounts and share registry of VCCs need not be made public.

Interactive map

Interactive fund domiciles map

What other fund structures can you consider in Singapore? How does Singapore compare to other jurisdictions like Cayman?

Our interactive fund domiciles map allows you to compare popular destination countries by type of structures available and their respective set-up time, regulatory and tax requirements.

Explore the map