• Singapore equivalent to Cayman Fund or Luxembourg SICAV
  • Dedicated fund vehicle for collective investment schemes
  • Stand-alone or as an umbrella entity with multiple sub-funds that are permitted to operate different investment strategies
  • Ring-fencing of assets and liabilities of sub-fund which is segregated from the VCC and other sub-funds of same VCC if under umbrella structure
  • Traditional and alternative fund strategies, both open-ended and close-ended


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


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


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


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.