The Singapore Variable Capital Company (“VCC”) fund provides a flexible, tax-efficient structure for institutional investors, family offices, and asset managers to diversify investor pools, protect capital, and enter new markets. Regulated by the Monetary Authority of Singapore (“MAS”), it
offers comprehensive governance and cross-border investment capabilities to support a wide range of strategies, from Private Equity and Venture Capital, to fund of funds and family wealth structuring.
Key Features & Benefits
- Flexible Fund Architecture: Can be set up as a standalone fund or as an umbrella with segregated sub-funds tailored to strategy, investor profiles, and asset class.
- Regulatory Assurance: All VCC funds must be managed by a MAS-licensed fund manager like Amicorp Asset Management Singapore (“AAMS”), responsible for regulatory oversight, compliance, and investor suitability checks.
- Investment Corridors: Singapore’s extensive network of over 90 Double Taxation Treaties (“DTA”) aids cross-border capital raising and tax structuring.
- Tax Efficiencies: Offers tax optimization benefits under Sections 13O/13U, including tax exemptions on qualifying foreign income and possible tax deferrals subject to investor eligibility and prevailing tax laws.
- Enhanced Confidentiality: Shareholder and financial registers are not publicly disclosed but remain subject to AML/CTF and tax reporting obligations. Confidentiality is not absolute and may vary across jurisdictions.
See how Singapore’s Double Taxation Agreements can potentially feed into long-term capital growth through a VCC fund. Use our ‘Dividend Comparison Calculator’ as part of your cross-border investment planning to explore how tax rules, treaties, and structures can affect net dividend outcomes Click here.
Use Cases & How We Help
Strategic Fund Solutions
- Private Asset Owners & Seed Strategies: Co-invest via in-specie contributions while retaining influence and flexibility.
- Multifamily Office Structuring: Launch multiple sub-funds with distinct investment targets under one regulated umbrella.
- Wealth Management Overlay Funds: Build branded overlay structures investing in curated multi-fund strategies.
- Fund of Funds & Feeder Vehicles: Pool capital to access premium fund strategies while optimizing tax treatment.
- Re-domiciliation & Launch for Foreign Managers: Seamlessly transfer existing structures or launch new Singapore-based VCC funds.
Download our flyer here to find more examples of how the Singapore VCC fund can support different investment strategies.
Our skilled team offers full in-house integration, from structuring and setup to ongoing administration and compliance across multiple jurisdictions.
Why Choose Amicorp?
With extensive experience in international structuring and VCC licenses in Singapore and Mauritius, Amicorp offers:
- MAS-licensed fund management.
- End-to-end fund administration and governance services.
- Plug-and-Play umbrella VCC platforms with ringfenced sub-fund flexibility.
- Global network across emerging and established markets, with full onboarding, compliance, and reporting support.
Our unique combination of asset management, corporate services, and fiduciary expertise makes us a one-stop partner for global fund structuring.
Ready to explore how a Singapore VCC can elevate your strategy?
Contact our team here for a tailored consultation.
Tools & Resources
- Fund Structures Cost & ROI Calculator: Compare umbrella vs standalone approaches, estimate setup and ongoing costs, and model scalability before you commit. Find out more here.
- Fund Guide: Smart Fund Structures for Global Investors: Jurisdiction comparisons, fast-path vehicles (VCC, ICC, RAIF, NAIF, SPC), and pragmatic routes to market. Download your copy here.
**Disclaimer:** This material is prepared by a fund manager licensed or exempt under the Monetary Authority of Singapore (“MAS”) and is intended solely for institutional and accredited investors. It is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation to invest. Past performance is not indicative of future results. Any tax benefits depend on investor eligibility, personal circumstances, and prevailing laws. Shareholder and financial information of a VCC fund is private but may be disclosed to regulators under AML/CTF and tax reporting obligations. Confidentiality may vary by jurisdiction. Distribution outside Singapore may be restricted by local laws, and recipients are responsible for ensuring compliance. Use of this information is at your own risk.
