Family offices
VCC for Family Offices
How families and advisers can think about using a Singapore VCC within a family office or family fund structure.
Key Points
- A VCC can support single-family and multi-strategy family investment platforms.
- An umbrella VCC can separate different strategies or family branches into sub-funds.
- 13O and 13U planning should be considered early.
- Governance, investment mandate and control arrangements matter as much as incorporation.
When a family office might consider a VCC
A VCC may suit a family office that wants to hold investment assets through a Singapore fund vehicle, especially where the family expects to use professional fund management, multiple strategies or a long-term Singapore platform.
How an umbrella VCC can help
An umbrella VCC can separate strategies into sub-funds. For example, one sub-fund may hold public markets assets, another may hold private equity and another may hold real estate or venture investments.
What must be planned carefully
The family should plan fund manager requirements, board composition, investment mandate, tax incentive conditions, bank and custodian onboarding, investor rights and succession objectives before filing.
Related Guides
Singapore VCC Guide 2026
A practical guide to Singapore Variable Capital Companies, covering incorporation, fund structure, sub-funds, family offices, tax treatment, costs and ongoing compliance.
VCC Incorporation in Singapore
The step-by-step route to incorporating a Singapore VCC, including eligibility, required officers, name reservation, ACRA filing and post-registration work.
VCC Setup Cost Calculator and Cost Guide
Estimate the main government and professional costs for setting up and maintaining a Singapore VCC.
VCC and 13O, 13U, 13OA Tax Incentives
A practical introduction to how Singapore fund tax incentives are discussed in VCC planning.
Frequently Asked Questions
Is a VCC only for large family offices?
A VCC is usually more suitable where the fund size and operating budget justify the setup and maintenance costs.
Can a family office use 13O or 13U with a VCC?
A VCC may be used in structures that apply for Singapore fund tax incentives, but eligibility and conditions must be checked for the specific structure.
Can family members hold different sub-funds?
An umbrella VCC can separate strategies into sub-funds, but investor rights and family governance should be documented carefully.