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Operational requirements for VCC?
VCC requirements?
Incorporation and Operational Requirements
| VCC share capital will always be equal to the net asset value |
| To appoint at least one Singapore resident director (for non-authorised schemes); at least three directors (for authorised schemes) |
| To appoint a Singapore-based, MAS-licensed fund management company (FMC), unless exempted |
| To appoint Licensed Fund Manager regulated by MAS |
| To establish a registered office in Singapore |
| To appoint a Singapore-based company secretary |
| To be audited by a Singapore-based auditor |
| To submit financial statements as per IFRS, Singapore FRS or US GAAP |
Click here to learn more about Variable Capital Companies (VCC).
