What are the main features of Singapore Variable Capital Corporation (VCC)?

This needs to be answered by a professional company. In this regard, Fu of Singapore will explain to you on the premise of years of practical experience:

1. The variable capital company is a legal entity.

2. Variable capital companies can be used for open-end and closed-end fund strategies.

3. Variable capital companies can issue and redeem shares flexibly. Capital dividends can also be paid, so that fund managers can flexibly fulfill their dividend obligations.

The sole purpose of a variable capital company is to become one or more collective investment plans, that is, to be used exclusively as investment funds.

5. Variable capital companies can be used as independent funds or umbrella fund structures with multiple sub-funds.

6. Umbrella funds with sub-funds, assets and liabilities are isolated from each other.

7. Umbrella foundations with sub-funds have a board of directors and can enjoy service providers (such as auditors, lawyers, accountants and fund managers). ).

8. The capital of a variable capital company will always be equal to its net assets, so it has a certain degree of flexibility in allocating and reducing capital.

9. A variable capital company does not need to disclose its register of shareholders to the public.

10. The financial statements of variable capital companies can be prepared according to different standards (for example, International Financial Reporting Standards, Singapore Financial Reporting Standards or US GAAP).

1 1. Allow existing (Singapore) overseas companies to transfer their funds to Singapore and register as variable capital companies.

For more details, as well as the latest related information, please consult Singapore Fuzhilin Group.