By Withersworldwide
On 1 October 2018, the Variable Capital Companies Bill was moved for its second reading in the Singapore Parliament and was passed into law. The long awaited implementation of the Singapore Variable Capital Company (also known as the “VCC”) is now almost complete. The introduction of theVCCis intended to further enhance Singapore’s appeal as an international fund management hub. It expands Singapore’s existing toolbox of domestic vehicles and brings it into closer alignment with competitor jurisdictions such as Hong Kong, Luxembourg, Ireland and traditional offshore jurisdictions.
