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Accounting and Corporate Regulatory Authority

Overview of managing a variable capital company (VCC)

Get everything you need to know about managing a VCC in a single place, from key requirements to popular resources.

Last updated 16 March 2026

VCCs are a corporate structure for investment funds in Singapore. It has been available since 14 January 2020 and complements existing investment fund structures.

More details: Key features of VCCs

After registration

Use our post-registration guide to check what you need to do before you start operations.

This includes:

  • Applying for Corppass

  • Setting up and maintaining registers

  • Registering sub-funds for umbrella VCCs

  • Appointing a company secretary and auditor

Key compliance requirements

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VCC requirements

Requirement

What you need to do

  1. Hold an annual general meeting (AGM), unless exempted

You must hold an AGM within six months of your financial year end.

Learn more about the penalties for not holding an AGM.

  1. File annual returns

You must file annual returns within seven months of your financial year end.

For umbrella VCCs, each sub-fund must file its own annual returns. It must show its own accounts, assets, and liabilities separately from other sub-funds.

Learn more about:

  1. Maintain VCC information and registers

You must update your VCC information within 14 days of any change. This includes changes to:

  • Personal particulars, contact details, and address of VCC officers

  • Name and address of sub-funds

  • VCC type

Note: Learn more about common offences for VCCs.

Managing VCC debts and charges

Charges let lenders claim VCC assets if loans are not repaid. Register new charges with ACRA within 30 to 37 days to avoid penalties.

Closing a VCC

There are two ways to close a VCC. You can either:

  • Strike off a VCC if it is inactive and debt-free

  • Wind up a VCC if there are debts to settle

Featured tools and resources

Variable capital companies (VCC): Prescribed forms

Official forms required for the registration and regulatory compliance of Variable Capital Companies in Singapore.

Variable Capital Company (VCC) Portal

Manage VCC registrations, sub-funds, and filings online. Search the VCC directory or buy VCC business profiles and certificates.

Buying variable capital company (VCC) Information

Lists the types of VCC information products available, and explains how to buy and check VCC information

Service & transaction fees: Variable capital companies (VCCs)

Check the fees for key VCC transactions, including setup fees and annual filing fees