Incorporating a new VCC


A VCC may be incorporated in the following ways:

A subscriber to the constitution of a VCC may submit the application for incorporation via the VCC Portal (www.vcc.bizfile.gov.sg).

Another way is to engage the services of a registered filing agent / corporate service provider (CSP) to submit the application. For more information on registered filing agents/CSPs, please go to www.acra.gov.sg/corporate-service-providers

Online Application Process

Step 1: Name Application 

•  What information is required to complete this transaction?

1.  Proposed VCC name;

2.  Type of VCC;

3.  Details of proposed director and VCC officers (include address, ID number, ID type and Nationality); and

4. In-Principle Approval Obtained from Other Authorities (if any).

•  The name application fee is $15. You can pay using credit/debit card (Visa, Mastercard or American Express), PayPal, Apple Pay and Google Pay.

•  Once the name application is approved, the name will be reserved for 120 days. The VCC must be incorporated within this period. Otherwise, the name approval will lapse, and the applicant will have to submit a fresh name application.

Step 2: Incorporating the VCC

• What information is required to complete this transaction?

1. Transaction number of the approved name application;

2.  Details of proposed director and VCC officers - including address, ID number, ID type, Nationality and contact information;

3. Details of at least 1 director who is either a director or qualified representative of the fund manager of VCC; 

4. Details of Permissible Fund Manager – including UEN, address and country of incorporation; 

5. Details of subscribers – including ID number, name of subscriber and email address; 

6. Type of VCC; 

7. Registered office address and opening hours; 

8. Copy of Constitution; and 

9. Financial Year End (FYE) – This will determine when the VCC’s corporate filings and taxes are due.
Common FYEs can include 31 March, 30 June, 30 September or 31 December. 
 
•  An email notification seeking endorsement will be sent to the appointed officers. All proposed directors, company secretaries and subscribers must endorse / consent to their appointment online via www.vcc.bizfile.gov.sg within 60 days from the date of email notification before they can be appointed in the VCC. Applications lodged by registered filing agents do not require online endorsement.

•  The fee for incorporating a VCC is $8,000. You can pay using credit/debit card (Visa, Mastercard or American Express), PayPal, Apple Pay and Google Pay.

•  Once the VCC is successfully incorporated, a Unique Entity Number (UEN) will be issued. The UEN can be used to transact with ACRA or any other government agencies.

Processing Time for Incorporation of VCC

It may take between 14 to 60 days for the application for incorporation of VCC to be processed. This includes the time required for referral to another government agency for approval or review, if necessary. For more information on Referral Authorities, please click here,

 

After Incorporation

The applicant will be notified of the outcome of the application by email. Upon approval, the entity will be incorporated as a VCC in Singapore.

Once your VCC is registered, please apply for a CorpPass at www.corppass.gov.sg to file transactions in VCC Portal (www.vcc.bizfile.gov.sg)

Did you find this page useful?
back to top