Key Points
A VCC has separate legal personality and can operate as a single fund or an umbrella with segregated sub-funds. It offers flexibility in issuing and redeeming shares and distributing capital. At least one shareholder is required. Officer requirements include a director, secretary, fund manager and auditor, with the detailed conditions set out separately.
Planning Your Next Steps
ACRA lists S$8,015 for name reservation and incorporation, plus S$400 for each sub-fund registration. An overseas fund considering re-domiciliation must meet structural, financial and legal conditions, including permission from its home jurisdiction. A VCC also has continuing filing and AML/CFT responsibilities. Choosing this form should therefore include a plan for ongoing fund governance, not only incorporation.
Official Source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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