The Variable Capital Company (VCC) is Singapore’s purpose-built fund structure: onshore, regulated, treaty-eligible, and able to hold unlimited ring-fenced sub-funds under one entity. We help qualified managers, family offices, and advisers launch a VCC under an existing MAS-licensed fund manager — the fastest path to market, without first building your own licensed entity.
Why launch a VCC in Singapore
- Onshore credibility and substance — a regulated Singapore vehicle, not an offshore shell.
- 13O / 13U tax incentives — qualifying fund income can be exempt from Singapore tax when economic-substance conditions are met.
- Umbrella efficiency — run multiple strategies as ring-fenced sub-funds sharing one board and service-provider stack.
- Treaty access — Singapore’s network of 90+ tax treaties.
- Redomiciliation — bring an existing Cayman or foreign fund onshore while preserving track record.
Who we work with
| You are | What we help with |
|---|---|
| An emerging fund manager | Launching under a licensed manager, choosing 13O vs 13U, fund operations |
| A family office | Single- or multi-family office VCC structures and tax-incentive eligibility |
| A professional adviser | Structuring compliant VCC vehicles for your clients |
Explore the structure
- The VCC structure explained — the operator’s guide
- Cayman → Singapore fund migration
- Residency by investment
- Fund types: Hedge · Private equity · Venture capital · Real estate · Family office
- Latest insights — guides on 13O/13U, licensing, and family offices
VCC Singapore is an independent resource that partners with MAS-licensed CMS fund managers. Content is for general information and is not legal, tax, or financial advice.
Frequently asked questions
Can I set up a VCC without my own fund management licence?
Yes. The fastest route for most managers and family offices is to launch a VCC under an existing MAS-licensed Capital Markets Services (CMS) fund manager, rather than applying for a licence first. We connect qualified clients with licensed partners.
Who is a VCC right for?
Fund managers launching a new strategy, single- and multi-family offices, and professional advisers structuring vehicles for clients. The VCC supports hedge, private equity, venture, real estate, credit, and multi-strategy mandates.
How do you work with clients?
Tell us about your fund or family office through the contact form. We assess fit, connect you with a MAS-licensed CMS partner where appropriate, and guide the VCC setup and tax-incentive process. We reply personally, usually within one business day.