Singapore overhauls fund regime to bolster industry, attract offshore funds

Country likely to edge out Mauritius as a favoured destination for offshore funds

Singapore’s attractiveness as a destination for Indian and global offshore funds is likely to get a leg-up, with the country adopting a new fund framework this year.

Termed the Variable Capital Companies (VCC), the new corporate structure will provide fund managers greater operational flexibility and cost savings. 

Fund managers can incorporate new VCCs or re-domicile their existing investment funds with comparable structures by transferring their registration to Singapore as VCCs.

“The launch of VCC will raise the game for Singapore’s already robust fund management industry. It is expected to encourage fund managers to use Singapore as a master fund platform