Article - Variable Capital Companies ("VCC") Grant Scheme
Published on 20th March, 2020 by Brandon Tee
The Variable Capital Companies ("VCC" or "SVCC") framework was officially launched by the Monetary Authority of Singapore ("MAS") and the Accounting and Corporate Regulatory Authority ("ACRA") on 15 January 2020. In an earlier article, we alluded to a grant scheme (the "VCC Grant") that the MAS has launched to encourage industry- wide adoption of the VCC structure in Singapore. We have seen quite a fair bit of interest in and inquiries about the VCC Grant, and this article provides an overview of the VCC Grant as well as addresses some of the more frequently asked questions.