# vccfund.com.sg — VCC Fund Singapore

> A practical guide to Singapore VCCs: regulations, incorporation steps, service-provider roles, official fees, tax schemes, compliance and family offices.

- Operator: 小坡险助手 / Xiaopoxian Advisory Desk
- Content lead: Stella 武晓旭 (Stella Wu Xiaoxu), Associate Director, Everest Group — a group of financial consultants representing Great Eastern Financial Advisers Private Limited
- Contact: WhatsApp +6580670032 · Email wuxiaoxu1020@gmail.com · WeChat sgwealth888
- Updated: 2026-10-24

## Understand the structure first
- [What is a Variable Capital Company (VCC)? Singapore's corporate fund structure explained](/overview/): A VCC is a Singapore corporate structure built for investment funds: how it works, who must be appointed, umbrella and sub-funds, costs, tax and when it fits.
- [VCC regulations in Singapore: the VCC Act 2018, the 2020 Regulations, the SFA and MAS Notice VCC-N01](/regulations/): Which laws govern a Singapore VCC: the VCC Act 2018 and 2020 Regulations (ACRA), fund manager licensing under the SFA, and MAS Notice VCC-N01 on AML/CFT.
- [Umbrella or standalone, open-ended or closed-end: choosing a VCC structure](/structure-choices/): Decisions before incorporating a VCC: umbrella vs non-umbrella, open-ended vs closed-end, investor base, financial year end and accounting standards.
- [VCC vs private company vs limited partnership vs unit trust: Singapore fund vehicles compared](/compare/): How a VCC compares with a Singapore private company, limited partnership and unit trust on legal form, capital, privacy, sub-funds, manager, tax and cost.

## From fund manager to first sub-fund
- [How to incorporate a VCC in Singapore: eight steps from fund manager to first sub-fund](/process/): Eight steps to set up a VCC: confirm the fund manager, line up officers, reserve the name, choose the structure, file on the VCC Portal and register sub-funds.
- [The permissible fund manager: who can manage a VCC and how fund management licensing works](/fund-manager/): Every VCC needs a permissible fund manager. Which managers qualify, how MAS licensing works, capital and staffing rules, fees and how to check a manager.
- [VCC service providers: the roles of the fund manager, custodian, administrator, auditor, company secretary and directors](/service-providers/): Who does what in a VCC: board, fund manager, custodian, fund administrator, auditor, company secretary, AML/CFT institution, CSP, lawyers and tax advisers.
- [What does a VCC cost? Government fees, recurring cost categories and what drives the total](/costs/): VCC costs in Singapore: ACRA fees (S$8,015 to register, S$400 per sub-fund), MAS licence fees and the recurring service-provider costs behind the total.
- [Re-domiciling a foreign fund into Singapore as a VCC: eligibility, documents, fees and the 60-day deregistration rule](/redomiciliation/): How an overseas corporate fund moves its registration to Singapore as a VCC: eligibility, ACRA documents, the S$9,000 fee, timing and deregistration proof.

## Tax, AML/CFT and the yearly cycle
- [How VCCs are taxed: corporate tax, the 13O/13U fund schemes, GST and the IRAS VCC framework](/tax/): A VCC is taxed as one company, even with many sub-funds. How IRAS computes umbrella income, the 13O/13U schemes, residence and COR, GST and stamp duty work.
- [AML/CFT for VCCs: the eligible financial institution, the beneficial-owner register and bank accounts](/aml-cft/): What MAS Notice VCC-N01 requires of every VCC: an eligible financial institution, investor due diligence, a beneficial-owner register and bank accounts.
- [The VCC annual compliance calendar: AGMs, annual returns, audit, registers, CRS and tax-incentive conditions](/compliance-calendar/): Recurring VCC obligations in one checklist: AGM, annual return, audit, officer and sub-fund filings, AML/CFT registers, Form C, CRS/FATCA and 13O/13U tests.

## Single family offices and five scenarios
- [Using a VCC for a single family office: the 2026 licensing exemption, the manager question and 13O/13U conditions](/single-family-office/): How a single family office can use a VCC: the 15 June 2026 licensing exemption, who can manage the VCC, and 13O/13U conditions from 1 August 2026.
- [Who uses a VCC and how: five anonymised scenarios](/scenarios/): Five hypothetical cases showing when a VCC fits: a hedge fund, a PE/VC closed-end fund, a re-domiciling fund, a family office and a multi-manager platform.

## FAQ, glossary and sources
- [VCC Singapore: frequently asked questions](/faq/): 42 questions on Singapore VCCs answered: who can set one up, directors, fund managers, ACRA fees and timelines, 13O/13U tax schemes, AML/CFT and family offices.
- [VCC glossary: key terms in English and Chinese](/glossary/): Definitions of 60+ VCC terms in English and Chinese: umbrella VCC, sub-fund, permissible fund manager, eligible financial institution, AUM in DI, 13O and 13U.
- [Sources and references](/sources/): Official documents cited on vccfund.com.sg: ACRA VCC pages, MAS notices, circulars and FAQs, the IRAS VCC e-Tax Guide and the 2018 note on the VCC Bill.

## 中文摘要版
- [VCC 的反洗钱与反恐融资：合资格金融机构、受益所有人登记册与银行账户](/zh/aml-cft/): MAS VCC-N01 号通知对每家 VCC 的要求：委任合资格金融机构、对投资者做尽职调查、备存受益所有人登记册，以及银行账户安排。
- [VCC、私人公司、有限合伙与单位信托：新加坡基金载体对比](/zh/compare/): 从法律形式、资本、隐私、子基金、管理人、税务与成本等维度，比较 VCC 与新加坡私人公司、有限合伙和单位信托的异同。
- [VCC 年度合规日历：股东周年大会、年度申报、审计、登记册、CRS 与税务优惠条件](/zh/compliance-calendar/): 把 VCC 的持续义务汇成一张清单：股东周年大会、年度申报、审计、高管与子基金申报、反洗钱登记册、Form C、CRS/FATCA 及 13O/13U 条件检验。
- [VCC 要花多少钱？政府费用、持续成本类别与总成本的决定因素](/zh/costs/): 新加坡 VCC 的成本：ACRA 费用（注册 S$8,015，每个子基金 S$400）、MAS 牌照费，以及构成总成本的各项持续服务商费用。
- [新加坡 VCC 常见问题（中文摘要）](/zh/faq/): 新加坡可变资本公司（VCC）中文常见问题（截至 2026-10）：定义、伞形与子基金、ACRA 与 MAS 分工、ACRA 注册费与审批时间、合资格基金管理人、托管、13O/13U 税务优惠、单一家办豁免、VCC-N01 反洗钱义务与隐私边界。
- [合资格基金管理人：谁可以管理 VCC，基金管理牌照如何运作](/zh/fund-manager/): 每个 VCC 都须委任合资格基金管理人。哪些管理人符合资格、MAS 牌照如何申请、资本与人员要求、费用，以及如何核验管理人。
- [VCC 术语表：中英对照关键术语](/zh/glossary/): 60 多个 VCC 术语的中英对照释义：伞形 VCC、子基金、合资格基金管理人、合资格金融机构、指定投资下的管理资产、13O 与 13U 等。
- [什么是新加坡可变资本公司（VCC）：英文实务指南中文摘要](/zh/): vccfund.com.sg 中文摘要（截至 2026-10）：可变资本公司（VCC）的定义、法规分工、必须任命的职位、注册步骤与 ACRA 费用、服务商角色、13O/13U 税务框架、单一家办豁免、VCC-N01 反洗钱义务与年度合规，数字均注明 ACRA、MAS、IRAS 来源与日期。
- [如何在新加坡注册 VCC：从基金管理人到第一个子基金的八个步骤](/zh/process/): 设立 VCC 的八个步骤：确定基金管理人、安排董事与高管、预留名称、选择结构、在 VCC 门户提交注册并登记子基金。
- [把外国基金迁入新加坡成为 VCC：资格、文件、费用与 60 天撤销注册规则](/zh/redomiciliation/): 海外公司型基金如何把注册转移到新加坡成为 VCC：资格条件、ACRA 所需文件、S$9,000 费用、时间安排与撤销注册证明。
- [新加坡 VCC 法规框架：《可变资本公司法》2018、2020 年条例、《证券与期货法》与 MAS VCC-N01 号通知](/zh/regulations/): 新加坡 VCC 受哪些法律约束：《可变资本公司法》2018 与 2020 年条例（ACRA 主管）、《证券与期货法》下的基金管理人牌照，以及关于反洗钱与反恐融资的 MAS VCC-N01 号通知。
- [谁在用 VCC、怎么用：五个匿名场景](/zh/scenarios/): 五个假设案例，说明 VCC 在何种情况下适用：对冲基金、PE/VC 封闭式基金、迁入基金、家族办公室与多管理人平台。
- [VCC 服务商：基金管理人、托管人、基金行政管理人、审计师、公司秘书与董事各自的角色](/zh/service-providers/): VCC 中谁负责什么：董事会、基金管理人、托管人、基金行政管理人、审计师、公司秘书、反洗钱合资格金融机构、企业服务提供商、律师与税务顾问。
- [单一家族办公室如何使用 VCC：2026 年牌照豁免、管理人问题与 13O/13U 条件](/zh/single-family-office/): 单一家族办公室如何使用 VCC：2026-06-15 生效的牌照豁免、谁可以管理 VCC，以及 2026-08-01 起适用的 13O/13U 条件。
- [资料来源与参考文献](/zh/sources/): vccfund.com.sg 引用的官方文件：ACRA 的 VCC 页面，MAS 的通知、通函与常见问题，IRAS 的 VCC 税务指南，以及 2018 年关于 VCC 法案的说明。
- [伞形还是独立、开放式还是封闭式：如何选择 VCC 结构](/zh/structure-choices/): 设立 VCC 前须作出的决定：伞形与非伞形、开放式与封闭式、投资者群体、财政年度结束日与会计准则。
- [VCC 如何课税：公司所得税、13O/13U 基金税务计划、消费税与 IRAS 的 VCC 税务框架](/zh/tax/): VCC 即使下设多个子基金，也按一家公司课税。本页说明 IRAS 如何计算伞形 VCC 所得、13O/13U 计划、税务居民身份与居民证明、消费税（GST）与印花税的处理。

## About and disclosures
- [About](/about/)
- [Contact](/contact/)
- [Disclosures](/disclosures/)
- [Network](/network/): Directory of the 26-site Xiaopoxian network

## Network
- [iul.sg](https://iul.sg/): iul.sg — Singapore IUL comparison platform
- [iul.com.sg](https://iul.com.sg/): IUL Academy — how indexed universal life works
- [vul.sg](https://vul.sg/): vul.sg — Variable Universal Life in Singapore
- [vul.com.sg](https://vul.com.sg/): VUL Singapore — the variable universal life guide
- [vul.hk](https://vul.hk/): vul.hk — VUL in Hong Kong vs Singapore
- [term.com.sg](https://term.com.sg/): Term Life Insurance in Singapore
- [term.hk](https://term.hk/): term.hk — Term life in Hong Kong vs Singapore
- [wholelife.com.sg](https://wholelife.com.sg/): Whole Life Insurance in Singapore
- [wholelife.hk](https://wholelife.hk/): wholelife.hk — Whole life in Hong Kong vs Singapore
- [ppli.com.sg](https://ppli.com.sg/): Private Placement Life Insurance (PPLI) Singapore
- [ilp.com.sg](https://ilp.com.sg/): Investment-linked Policies (ILP) in Singapore
- [saving.sg](https://saving.sg/): saving.sg — Savings insurance in Singapore
- [saving.com.sg](https://saving.com.sg/): Savings Plans Singapore
- [savings.sg](https://savings.sg/): savings.sg — Saving and cash management in Singapore
- [xiaopoxian.sg](https://xiaopoxian.sg/): Xiaopoxian — Singapore insurance & wealth knowledge network
- [xiaopoxian.com.sg](https://xiaopoxian.com.sg/): Xiaopoxian Encyclopaedia — Singapore insurance explained
- [vccfund.sg](https://vccfund.sg/): vccfund.sg — Singapore Variable Capital Company guide
- [hnw.sg](https://hnw.sg/): hnw.sg — HNW wealth planning in Singapore
- [hnwi.sg](https://hnwi.sg/): hnwi.sg — The HNWI landing handbook for Singapore
- [hnwsolution.sg](https://hnwsolution.sg/): hnwsolution.sg — HNW solutions: insurance, family office, private banking, wealth
- [hnwsolution.com.sg](https://hnwsolution.com.sg/): HNW Solutions Singapore
- [privatebank.hk](https://privatebank.hk/): privatebank.hk — Private banking guide, Hong Kong × Singapore
- [bankaccount.sg](https://bankaccount.sg/): bankaccount.sg — Opening a bank account in Singapore
- [bankaccount.com.sg](https://bankaccount.com.sg/): Singapore Bank Account Guide
- [bankaccount.hk](https://bankaccount.hk/): bankaccount.hk — Hong Kong bank accounts and the HK × SG comparison

## Data and boundaries
- Every page cites sources and dates; nothing is inferred where sources are silent; guaranteed and non-guaranteed items are labelled separately; illustrations and past performance do not indicate future results.
- This site is operated by the Xiaopoxian content team to provide general education, comparison and reference material, and to register enquiries. It is not an insurer, bank, licensed financial adviser or insurance broker; its content has not been reviewed, approved or endorsed by the Monetary Authority of Singapore (MAS). Personalised advice, official quotations, account opening and application services are provided by the actual licensed or exempt institutions and their appointed representatives.