What Are The Advantages OF Variable Capital Company Singapore?
The Variable Capital Company (VCC) Singapore is a new corporate form for investment funds that were established by the Variable Capital Companies Act, which went into force on January 14, 2020. The VCC will be a welcome addition to Singapore's existing investment fund arrangements. A Permissible Fund Manager must oversee all VCCs. The Monetary Authority of Singapore will be responsible for VCCs anti-money laundering and counter-terrorist financing duties (MAS). Alternatives to the new corporate organization structure include unit trusts, limited partnerships, limited liability partnerships, and corporations. Certain administrative duties, such as convening general meetings and preparing prospectuses, can be merged as well. Variable Capital Company Singapore Key features of Variable Capital company Singapore The innovative suggested structure has piqued the interest of the Fund Administration industry due to its unique characteristics that would provide fund managers in