Understanding The Singapore Variable Capital Company (VCC) - PwC

Skip to content Skip to footer

Menu

Services Services Assurance Consulting Corporate Secretarial Services Customs and Trade Deals Entrepreneurial and Private Business Risk Services Sustainability Tax Workforce

Menu

Services Assurance Assurance and audit Capital markets and accounting advisory services Next Generation Audit

Menu

Services Consulting Cybersecurity, Risk and Regulatory Digital Transformation

Menu

Services Corporate Secretarial Services Accounting and finance solutions

Menu

Services Customs and Trade

Menu

Services Deals Business recovery services Corporate finance Data analytics Deals strategy Financial due diligence Infrastructure Merger and acquisitions operations Merger and acquisition tax Sale and purchase agreements Strategic Solutions and Turnaround Group Transaction services Valuation services Venture Hub

Menu

Services Entrepreneurial and Private Business Asia Pacific Centre for Family Business Excellence Asia Pacific NextGen Club

Menu

Services Risk Services Compliance Digital Solutions

Menu

Services Sustainability

Menu

Services Tax Corporate tax Digital tax Goods and services tax Merger and acquisition transactions NewLaw Tax accounting Tax reporting and strategy Transfer pricing US tax consulting Value Chain Transformation™

Menu

Services Workforce Employment tax HR transformation and technology People in deals Rewards and benefits

Menu

Industries Industries Asset and Wealth Management Banking and Capital Markets Financial Services Government and Public Sector Health Insurance Oil and Gas Pharmaceutical Private Equity Real Estate Retail and Consumer Technology, Media and Telecommunications Transportation and Logistics

Menu

Industries Asset and Wealth Management Asset and wealth managed services Risk, regulations and compliance Variable Capital Company (VCC)

Menu

Industries Banking and Capital Markets

Menu

Industries Financial Services Digital banking FinTech Payments Venture Hub

Menu

Industries Government and Public Sector

Menu

Industries Health

Menu

Industries Insurance

Menu

Industries Oil and Gas

Menu

Industries Pharmaceutical

Menu

Industries Private Equity

Menu

Industries Real Estate

Menu

Industries Retail and Consumer

Menu

Industries Technology, Media and Telecommunications

Menu

Industries Transportation and Logistics

Menu

Publications Publications

Menu

Blog Blog

Menu

About us About us Alumni PwC's code of conduct Corporate Sustainability Inclusion and Diversity Contacts Press room

Menu

About us Alumni

Menu

About us PwC's code of conduct

Menu

About us Corporate Sustainability

Menu

About us Inclusion and Diversity

Menu

About us Contacts

Menu

About us Press room

Menu

Careers Careers University graduate opportunities University internship opportunities Polytechnic graduates opportunities Experienced hires

Menu

Careers University graduate opportunities

Menu

Careers University internship opportunities

Menu

Careers Polytechnic graduates opportunities

Menu

Careers Experienced hires

Loading Results

No Match Found

View All Results Understanding the Singapore Variable Capital Company (VCC) Copy link Link copied to clipboard

Watch our on-demand webcast: Singapore Variable Capital Company (VCC) - The game changer

The Variable Capital Companies Act ('VCC') is said to be a game-changer for Singapore's asset and wealth management industry, cementing Singapore's role in the region. Join the Monetary Authority of Singapore (MAS) and our subject matter experts in our latest on-demand webcast as we share the following:

• The now and the future of VCC
• VCC as a retail fund
• Top ten use cases of VCC
• How to redomicile a VCC

Featured speakers

• Elean Chin, Deputy Director, Financial Markets Development Team, Monetary Authority of Singapore
• Armin Choksey, Asian Investment Fund Centre Leader, PwC Singapore
• Anuj Kagalwala, Asset and Wealth Management Tax leader, PwC Singapore
• Rachel Eng, Managing Director, Eng and Co. LLC

Click here to watch webcast

All you need to know about the VCC

We have published a comprehensive book that covers:

• Salient features of a VCC
• Comparative of a VCC with other fund domicile fund structures
• Taxation elements of a VCC, including tax incentives and their applicability to VCCs
• Redomiciliation of funds to Singapore
• Value proposition of Singapore as an asset and wealth management jurisdiction of choice
• Fund manager regime in Singapore

Read the full document

• What is VCC?
• What can VCC be used for?
• What are the benefits?

What is VCC?

What is VCC?

VCC is a new legal entity form / structure for all types of investment funds in Singapore. It can be formed as a single standalone fund, or as an umbrella fund with two or more sub-funds, each holding different assets.

Here, we highlight some of the key aspects of the VCC and how it will elevate Singapore’s position in becoming a globally competitive fund domicile.

For more information, please visit the Singapore Government webpage containing the full VCC legislation released by Monetary Authority of Singapore’s (MAS).

What can VCC be used for?

What can VCC be used for?

• For traditional and alternative fund strategies (both open-ended and close-ended)
• To list funds as information listing and trading purpose
• As a pooling and investing vehicle, thereby dispensing multi-tiered fund structures

What are the benefits?

What are the benefits?

The benefits of VCC include greater flexibility and improved operational and tax efficiency, thereby facilitating investment fund operations and addressing global investment funds' needs. It helps to reap more economies of scale, achieve cost efficiency and promote foreign funds re-domiciliation.

How PwC can help you

Our dedicated team brings together senior and experienced subject matter experts and trusted specialists who can support you at every step of the way to achieve a successful outcome with the VCC launch.

• Incorporating your VCC
• Drafting your legal documents
• Provide Day One Compliance Assistance
• Serve as your Company Secretary
• Serve as your Registered Filing Agent
• Serve as your Registered office
• CISnet application for your VCC

• Assist in licensing your fund management company (V/R/LFMC)
• Provide market intelligence for Market Entry
• Determine tax structure for your VCC (Tax advisory)
• Tax review of VCC fund documents
• Tax Compliance of your VCC
• Assist with FATCA compliance
• Audit your VCC

• Assist in licensing your fund management company (V/R/LFMC)

An analysis of comparative structures

With the introduction of the VCC in the asset management market, Singapore is elevating its position as a prominent funds hub. The VCC has its own legal framework, enabling it to be used for alternative and traditional investment fund across either closed- or open-ended strategies. In this publication, we compare the VCC with various corporate form investment fund structures in other prominent fund domiciles.

Read more

Explore in other languages

Dutch French German

Japanese Korean

Simplified Chinese Traditional Chinese

The Singapore Variable Capital Company (VCC) At a glance

A 5-minute guide to what constitutes a VCC, its benefits, requirements and tax framework, as well as how it enhances Singapore's asset management industry.

Explore in other languages

Dutch French German Japanese Korean Simplified Chinese Traditional Chinese

Follow us

Thank you for your interest in PwC

We have received your information. Should you need to refer back to this submission in the future, please use reference number "refID".

Required fields are marked with an asterisk(*)

Please correct the errors and send your information again.

Business email* Name* Organisation* Job title* Message* Tick the box to verify you are not a robot. *

Tick this box to verify you are not a robot

Your personal information will be handled in accordance with our Privacy Statement. You can update your communication preferences at any time by clicking the unsubscribe link in a PwC email or by submitting a request as outlined in our Privacy Statement.

Submit

Contact us

Justin Ong

Financial Services and Asset and Wealth Managed Services Leader, PwC Singapore

Tel: +65 9731 3758

Email

Maan Huey Lim

Asset and Wealth Management Tax Leader, PwC Singapore

Tel: +65 9734 0718

Email Get in touch Hide Services Assurance Consulting Corporate support services Deals Entrepreneurial and private business Risk Sustainability Tax Workforce Customs and trade Industries Asset and wealth management Banking and capital markets Financial services Government and public services Health Insurance Oil and gas Pharmaceutical Private equity Real estate Retail and consumer Technology, media and communications Transportation and logistics Publications Blog Careers University graduate opportunities University internship opportunities Polytechnic graduates opportunities Experienced hires About us Alumni Corporate Sustainability Inclusion and Diversity Press room Contact us

© 2015 - 2025 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

• Privacy statement
• Legal disclaimer
• Cookies information
• About site provider
• Terms and conditions
• Site map