In January 2020, Singapore passed the Variable Capital Companies Act, which is meant to complement the existing suite of investment fund structures available here. The new structure allows investment funds the flexibility of distributions and returns on investments.
A Variable Capital Company can either be a stand-alone for a single fund or an umbrella with multiple sub-funds. However, it is still treated as a single Singapore company.
All Variable Capital Companies must be managed by a Permissible Fund Manager that is overseen by Accounting and Corporate Reulatory Authority (ACRA). The anti-money laundering and countering the financing of terrorism obligations of Variable Capital Companies will come under the purview of the Monetary Authority of Singapore (MAS).
To assist funds that are considering setting a Variable Capital Company, MetroCorp provides a whole suite of Fund Adminstration services that cater to various needs. We can provide advice and contacts with regard to accessing various grant schemes available to Variable Capital Companies.
Contact us today to find out how we can help you get started with your Variable Capital Company incorporation or our Fund Administration services.