Clifford Chance
Singapore Variable Capital Company Bill
25 September 2018
On 10 September 2018, the Monetary Authority of Singapore (MAS) published its response to feedback (the Response Paper) on its public consultation on the proposed framework for variable capital companies (VCCs), which was issued on 23 March 2017. MAS also moved the Variable Capital Companies Bill (the Bill) for its first reading in Parliament.
Once the Bill is passed and comes into effect, fund managers in Singapore will have the option of establishing funds using a new corporate vehicle with access to Singapore's network of Avoidance of Double Taxation Agreements (DTAs) with other jurisdictions.
