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Application for New VCC Name

Information:


Click here for step by step eGuide.


What is the purpose of this transaction?


To allow the lodger to apply and reserve a new VCC name.


What information is required to complete this transaction?


  1. Proposed VCC name.
  2. Details of proposed director and VCC officers – include address, ID number, ID type and Nationality/Citizenship (refer to Important Notes below).
  3. In-Principle Approval Obtained from Other Authorities (if any).


How long will it take to file this transaction?


  1. This e-Service will take about 5 to 20 minutes to complete.
  2. This application may take 3 working day(s) to process. However, it may take between 14 days to 60 days if the application needs to be referred to another agency for approval or review. 
  3. The application fee is non-refundable.


How much do I need to pay for this transaction?


The VCC name application fee is $15 and is non-refundable.


Important Notes:


  1. FIN holders are advised to seek consent from the relevant pass issuing authority (e.g. MOM/ICA) before registering or taking on an appointment (e.g. director, secretary) in an entity.
  2. Please note down the transaction number as you require it during incorporation.
  3. The maximum file size is 5MB and the acceptable file type is PDF, where file submission is required.
  4. Please read the Terms and Conditions before proceeding.
  5. Name application and incorporation must be submitted by the same lodger.



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Application for Incorporation of VCC

Information:


Click here for step by step eGuide.


What is the purpose of this transaction?


To allow the lodger to file the incorporation.


What information is required to complete this transaction?


  1. Transaction number of the approved name application.
  2. Details of VCC officers - include address, ID number, ID type, Nationality/Citizenship and contact information.
  3. Details of Permissible Fund Manager and subscribers.
  4. Registered office address
  5. Working hours
  6. Copy of Constitution
  7. Financial year end and period


How long will it take to file this transaction?


  1. This e-Service will take about 20 minutes to complete.
  2. This application will take 3 working day(s) to process. However, it may take between 14 days to 60 days if the application needs to be referred to another agency for approval or review.


How much do I need to pay for this transaction?


The VCC incorporation fee is $8,000 and is non-refundable.


Important Notes


  1. This transaction can only be filed by a subscriber to the constitution of the VCC or a CSP.
  2. FIN holders are advised to seek consent from the relevant pass issuing authority (e.g. MOM/ICA) before registering or taking on an appointment (e.g. director, secretary) in an entity.
  3. If any director/subscriber appointed is a foreigner, a CSP must be engaged to incorporate the VCC.
  4. At least one director must be ordinarily resident in Singapore. 
  5. At least one director (who may be the same person as in 3. above) must be either a director or a qualified representative of the fund manager of VCC. 
  6. The fund manager must be compliant with Section 46(2) of VCC Act. 
  7. The maximum file size is 5MB and the acceptable file type is PDF, where file submission is required.
  8. Upon successful incorporation, system-generated Unique Entity Number (UEN) will be issued to the business entity. This UEN is the business entity's identification number which is required for transacting with government agencies. 
  9. Please read the Terms and Conditions before proceeding.
  10. Name application and incorporation must be submitted by the same lodger.


Please note the following:


You will receive a free Business Profile after the VCC is successfully incorporated.


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Application for Transfer of Registration

Information:


What is the purpose of this transaction?


To file a transfer of registration for a foreign corporate entity.


What information is required to complete this transaction?


  1. Transaction number of the approved name application
  2. Details of VCC officers - include address, ID number, ID type, Nationality/Citizenship and contact information
  3. Details of Permissible Fund Manager
  4. Registered office address
  5. Working hours
  6. Certified copy of Constitution
  7. Certified copy of certificate of incorporation of the foreign corporate entity in its place of incorporation
  8. Declaration in writing signed by all the directors of the foreign corporate entity
  9. Financial year end and period


How long will it take to file this transaction?


  1. This e-Service takes about 20 minutes to complete.
  2. It may take up to 2 months from the date of submission of all required documentation, to process the transfer of registration application. This includes the time required for referral to another government agency for approval or review.
  3. The application fee is non-refundable.


How much do I need to pay for this transaction?


The VCC Transfer of Registration fee is $9,000 + $400 x [number of sub-funds as applicable]. The fee is non-refundable.


Important Notes:


  1. FIN holders are advised to seek consent from the relevant pass issuing authority (e.g. MOM/ICA) before registering or taking on an appointment (e.g. director, secretary) in an entity.
  2. The applicant is strongly advised to read s131 to s141 of the Variable Capital Companies Act 2018 as well as the VCC (Transfer of Registration) Regulations 2019 to understand the effects of Transfer of Registration and the requirements after the Transfer of Registration. 
  3. Please read the Terms and Conditions before proceeding.


Please note the following:


You will receive a free Business Profile after the VCC is successfully registered.

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Registration of Sub-Fund

Information:


Click here for step by step eGuide.


What is the purpose of this transaction?


To apply and register a sub-fund for an umbrella VCC.


What information is required to complete this transaction?


  1. Name of sub-fund
  2. Date of formation of sub-fund


How long will it take to file/process this transaction?


  1. This e-Service will take about 5 to 10 minutes to complete.
  2. This application may take up to 3 working day(s) to process if it is referred to MAS.
  3. The application fee is non-refundable.


Please note the following:


The application may be referred to MAS. The applicant may be requested to change the proposed name of the sub-fund.


How much do I need to pay for this transaction?


The VCC Registration of Sub-fund fee is $400 and is non-refundable.


Important Notes:


Please read the Terms and Conditions before proceeding.


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Change in VCC Information

Information:


Click here for step by step eGuide.


What is the purpose of this transaction?


To allow the lodger to update changes in the VCC's particulars. e.g. Change in VCC Name, Change in VCC type, Change in name of sub-fund. 


What information is required to complete this transaction?


Depending on the type of change(s), please refer to the list below on some of the key information that is required. 


  1. To change VCC name:
  2. Proposed new name
  3. To change VCC type:
  4. New VCC type
  5. Copy of amended constitution
  6. Date of change
  7. To change registered office address:
  8. New registered office address
  9. Date of change
  10. To change address where Register of Members and Index is Kept:
  11. New address where Register of Members and Index is Kept
  12.  Date of change
  13. To change working hours:
  14. New working hours
  15. Date of change
  16. To change user-described activity description:
  17. New user-described activity description
  18. Date of change
  19. For alteration of constitution under Section 20(5) of VCC Act
  20. Copy of altered constitution
  21. Supporting documentary evidence
  22. Date of change
  23. To change name of sub-fund:
  24. New name of sub-fund
  25. Date of change



How long will it take to file this transaction?


  1. This e-Service will take about 15 minutes to complete.
  2. This application will take 3 working day(s) to process. However, it may take between 14 working days to 2 months if the application needs to be referred to another agency for approval or review.


How much do I need to pay for this transaction?


The Change of VCC/ Sub-fund name fee is $15 and is non-refundable. There is no filing fee for other changes in this transaction. However, a late lodgement fee may be imposed for late filing.


Important Notes


  1. The maximum file size is 5MB and the acceptable file type is PDF, where file submission is required.
  2. Please read the Terms and Conditions before proceeding.



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Registration of Charge

Information:


Click here for step by step eGuide.


What is the purpose of this transaction?


  1. To file a new charge. 
  2. This transaction can be filed by the VCC Officers or a CSP.


What information is required to complete this transaction?


  1. Unique Entity Number (UEN) 
  2. Date of creation of charge
  3. Instrument evidencing the charge
  4. Chargee Details 
  5.  Amount Secured by the charge


How long will it take to file/process this transaction?


  1. This e-Service will take about 5 minutes to complete.
  2. This application will be approved immediately upon submission.


Please note the following:

  1. Please ensure that all the required information are ready before you proceed with the transaction.
  2. The maximum file size is 5MB and the acceptable file type is PDF, where file submission is required.


How much do I need to pay for this transaction?


The VCC Registration of Charge fee is $60 and is non-refundable.


Important Notes


Please read the Terms and Conditions before proceeding.


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Ending/Closing

Please contact us at www.acra.gov.sg/feedback for more information on closing a VCC.
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General Lodgement

Information:


Click here for step by step eGuide.


What is the purpose of this transaction?


To allow a lodger to file a transaction which is not available in the VCC Register


What information is required to complete this transaction?


  1. Unique Entity Number(UEN).
  2. Supporting Document.


How long will it take to file/process this transaction?


  1. This e-Service will take about 10 minutes to complete.
  2. This application will take between 5 to 14 working days to process depending on the complexity.


Please note the following:


The applicant will be informed of the outcome by email.


How much do I need to pay for this transaction?


There is no filing fee for this transaction.


Important Notes:


  1. The maximum file size is 5MB and the acceptable file type is PDF, where file submission is required.
  2. Please read the Terms and Conditions before proceeding.


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