VCC

Singapore Domicile

Efficiently-regulated global financial centre with political stability, pro-business environment, excellent infrastructure,
international connectivity and a highly-skilled labour force

Tax Exemption

Designed to meet the conditions for tax exemption under Section 13R and 13X of the Income Tax Act

Tax Efficiency

Single corporate income tax return filed by the umbrella VCC only: Sub-Funds are not required to file in their own right

Confidentiality

Register of members of a VCC is not required to be open for inspection by the public nor are financial statements publicly available

Multiple Sub-Funds

Multiple sub-fund in open-ended and closed-ended format can operate within a single VCC entity

Flexibility

A VCC may freely issue and redeem its shares to service subscriptions, redemptions and other distributions

Cost Efficiencies

Umbrella structure permits sub-funds to share the same board of directors, and common service providers if this is desirable to the individual sub-fund

Investor-Friendly

VCC is permitted to prepare financial statements using international accounting standards such as IFRS and US GAAP, in addition to Singapore

Financial Reporting Standards (FRS)

To provide greater flexibility to international investors.

Welcome to Progress India Opportunities Fund (PIOF)

The information contained in this website is for information only and is not intended for distribution to anyone in any jurisdiction where such distribution is not authorized or to any person to whom it is unlawful to make such distribution. There may be restrictions on the distribution of this information in certain jurisdictions and persons are required to inform themselves about and observe those restrictions. The information shall not be reproduced or passed onto a third party.

Investors should be aware that any investment involves a high degree of risk, including the loss of the entire amount invested. Past performance is not necessarily indicative of future results and the value of an investment may fall as well as rise. The high degrees of leverage that are often employed in trading financial instruments can quickly lead to large losses as well as large gains. Investors should therefore carefully consider whether such an investment is suitable in light of their financial condition. The risk of loss in trading financial instruments can be substantial. The performance represented for funds is historical; past performance is not a reliable indicator of future results. Investments may be subject to significant fluctuations which may affect the value of an investment.

This website is only directed at qualified investors and the services or investments referred to herein are only available to qualified investors. Retail clients should not rely on the information herein.

This brief statement does not disclose all of the risk and other important aspects of investing in the financial markets. The full disclosure documents for the relevant investments can be obtained from Progress Asia Capital & Advisors Pte. Ltd. and should be carefully studied.

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