Variable Capital Companies Grant Scheme Extended for Another Two Years Until 15 January 2025

The Monetary Authority of Singapore (“MAS“) and the Accounting and Corporate Regulatory Authority (ACRA) first launched the Variable Capital Companies Grant Scheme (“VCCGS“) on 15 January 2020 as part of the overall incentive to encourage the adoption of variable capital companies as investment fund structures in Singapore. The VCCGS had an original validity period of three years that ended on 15 January 2023.

To encourage the continued adoption of the variable capital company (“VCC“) as Singapore domiciled investment funds, and to provide further financial support in the setting up of new VCCs, MAS announced on 13 January 2023 that it would extend the validity period of the VCCGS for two years from 16 January 2023 to 15 January 2025 (both dates inclusive).