In The News

Launch of Singapore’s VCC Scheme

Pensions & Investments

17 Jun 2020

In a recent article, “Singapore leads Hong Kong in race to be domicile center”, published on the Pensions & Investments website, Jason Nelms, Morrison & Foerster Singapore Funds Partner discusses how Singapore has positioned itself as a favoured fund domicile, on the back of its variable capital company (VCC) scheme launch.

“The biggest driver of the domicile decision is what a fund manager’s investors want and as market leaders such as the Caymans face greater scrutiny, a growing number of investors in the U.S., Europe and the fast-growing Asia-Pacific region will be comfortable investing into funds set up in Singapore, predicted Jason R. Nelms, a Singapore-based partner focused on fund formation with law firm Morrison & Foerster LLP.”

He also commented that fund manager interest in Hong Kong should increase following the OFC structure review and the launch of a new limited partnership scheme.

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