WebThe VCC came into operation in Singapore on 14 January 2024 and it allows the set up of collective investment schemes, whether open-end or closed-end. The VCC provides an alternative to Singapore’s existing structures, namely, unit trusts, limited partnerships, limited liability partnerships and companies. Web18 dec. 2024 · VCCs will be able to utilise a cellular structure. ... constituted by registration with ACRA, which will, in turn, provide the sub-fund with a unique sub-fund identification number. ... A VCC is required to have its registered office in Singapore and to appoint a Singapore-based company secretary.
The Singapore Variable Capital Companies (VCC) at a glance - PwC
Web21 apr. 2024 · Under the law, all companies, limited liability partnerships (“LLPs”) and variable capital companies (“VCCs”) are required to file their Annual Lodgements, which includes their annual returns and financial statements, with the Accounting and Corporate Regulatory Authority (“ACRA”) on a yearly basis and within a certain timeline. Web1 jul. 2024 · The Singapore Academy of Law (SAL) has published a set of guidelines and two model constitutions, one for open-ended VCCs, and another for closed-end VCCs. 1 Directors and secretary : Responsibility for governance of a VCC lies with its directors, who are subject to fitness and propriety standards as well as statutory and common-law … bronze bar uk
Framework for variable capital companies tailored for investment funds ...
Web13 aug. 2024 · Singapore is a hub for global and local asset managers in the Asia-Pacific region, making it a preferred and trusted domicile for funds. Our previous article, published in December 2024, discussed the Variable Capital Companies (VCCs) , a flexible corporate structure introduced fairly recently in Singapore, designed for investment funds. WebThe Variable Capital Company (VCC) is a new corporate structure for investment funds constituted under the Variable Capital Companies Act which took effect on 14 Jan 2024. The VCC will complement the existing suite of investment fund structures available in … For any VCCs which were successfully redomiciled (transfer of registration) after … What is the maximum number of sub-funds a VCC can have? A: VCC UEN form… - Change in registered office address - Change in address where register of mem… Web8 okt. 2024 · October 8, 2024. Waystone was pleased to be hosting a webinar together with its friends at Argus Global, Simmons & Simmons and BNP Paribas on assisting asset managers looking to set-up a VCC in Singapore. To understand the advantages of the VCC structure and the regulatory/licensing requirements in more details, please join us along … temperatuur austin texas