Articles Closing a VCC depends on whether the vehicle is inactive and debt-free, whether it has debts to settle, and whether the closure concerns the VCC itself or a sub-fund of an umbrella VCC. At a glance A VCC may be struck off if it is inactive and meets the...
Articles The VCC framework allows some overseas fund vehicles with comparable structures to transfer their registration to Singapore as VCCs. This can be attractive where a manager wants Singapore substance, Singapore service providers and a Singapore fund platform...
Articles The VCC tax framework is one of the reasons Singapore VCCs are attractive, but it is also technical. Managers should separate three issues: income tax treatment, GST treatment and stamp duty treatment. At a glance For income tax purposes, VCCs are generally...
Articles A VCC does not become low-maintenance after incorporation. The directors, fund manager and company secretary need a compliance calendar covering annual meetings, returns, registers, officer changes, sub-fund updates and charges. At a glance A VCC must hold an...
Articles The umbrella VCC is one of the most important features of the Singapore VCC framework. It allows multiple sub-funds under one corporate vehicle, while the law imposes segregation of assets and liabilities to reduce cross-contamination between sub-funds. At a...
