On 10 September 2018, the Monetary Authority of Singapore announced that the VCC Act was tabled in Singapore Parliament. This highly anticipated announcement comes after the close of the public consultation of the same legislation in April 2017. Here, we highlight some of the key aspects of the VCC and how it will elevate Singapore’s position in becoming a globally competitive fund domicile.
With the introduction of the VCC in the asset management market, Singapore is elevating its position as a prominent funds hub. The VCC has its own legal framework, enabling it to be used for alternative and traditional investment fund across either closed- or open-ended strategies. In this publication, we compare the VCC with various corporate form investment fund structures in other prominent fund domiciles.
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Asia Pacific Asset and Wealth Management Leader, PwC Singapore
Tel: +65 6236 3708
Partner, Asian Investment Fund & Market Research Centre Leader, PwC Singapore
Tel: +65 6236 4648
Partner, Asset & Wealth Management Tax Leader, PwC Singapore
Tel: +65 9671 0613
Tan Hui Cheng
Partner, Asset & Wealth Management Tax, PwC Singapore
Tel: +65 8338 5182