VCC setup cost estimator
Estimate what it costs to launch and run a Singapore Variable Capital Company. Set your structure, fund manager route and tax incentive, and get an indicative one-time and annual cost breakdown.
| Item | Low | High |
|---|---|---|
| One-time setup | ||
| VCC incorporation & registration | S$8,000 | S$10,000 |
| Legal structuring & fund documents | S$32,500 | S$71,500 |
| Fund manager setup — External FM | S$8,000 | S$18,000 |
| Tax incentive application (13O) | S$15,000 | S$28,000 |
| Setup subtotal | S$63,500 | S$127,500 |
| Annual recurring | ||
| Fund administration | S$31,200 | S$62,400 |
| Annual audit | S$15,600 | S$31,200 |
| Corporate secretary | S$4,000 | S$8,000 |
| Directors (resident + independent) | S$12,000 | S$28,000 |
| Tax compliance & filing | S$6,500 | S$15,600 |
| Regulatory & MAS annual | S$3,000 | S$8,000 |
| Annual subtotal | S$72,300 | S$153,200 |
| First-year all-in (setup + year 1) | S$135,800 | S$280,700 |
Indicative market ranges for planning only — not a quote, and not legal, tax or financial advice. Actual fees vary by service provider, strategy and negotiation. Validate every figure with your counsel, fund administrator and tax adviser. Built by aama.io.
About this tool
Launching a Singapore VCC carries both one-time setup costs (incorporation, legal structuring, fund manager onboarding and any tax-incentive application) and recurring annual costs (fund administration, audit, corporate secretary, directors, tax and MAS fees).
This estimator builds an indicative cost range from your choices — standalone or umbrella structure, fund manager route (external FM, own CMS licence or RFMC), tax incentive (13O/13U) and strategy complexity — so you can budget a launch before requesting formal quotes.
How to use it
- Pick your VCC structure and, for umbrellas, the number of sub-funds.
- Select your fund manager route, tax incentive and strategy complexity.
- Read the one-time setup, annual recurring and first-year all-in cost ranges, with a line-by-line breakdown.
Frequently asked questions
How much does it cost to set up a VCC in Singapore?
Setting up a Singapore VCC typically involves a one-time cost covering incorporation, legal structuring and fund documents, plus fund manager onboarding — and recurring annual costs for administration, audit, directors and compliance. Use the estimator for an indicative range based on your structure and manager route.
What are the ongoing annual costs of a VCC?
Recurring VCC costs usually include fund administration, annual audit, corporate secretary, resident and independent directors, tax compliance and MAS/regulatory fees. Umbrella VCCs add incremental admin and audit per sub-fund.
What is the difference between the 13O and 13U tax incentives?
The 13O (Onshore Fund) and 13U (Enhanced-Tier Fund) schemes exempt qualifying fund income from Singapore tax. They differ in minimum fund size and local business-spending requirements, with 13U aimed at larger funds. Both apply to umbrella and standalone VCCs.
Does an umbrella VCC cost more than a standalone VCC?
An umbrella VCC has a higher total cost because each sub-fund adds incremental setup, administration and audit — but the cost per fund is lower than running multiple standalone VCCs, since the umbrella shares one board and structure.