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3 dni temu · The amendments mainly include improvements to ensure Singapore’s economic foundation for incentivised fund structures. Outlined below is the summary of the key changes to the Singapore fund tax incentive schemes: Section 13O funds must meet a minimum asset under management (AUM) requirement of at least S$5 million in designated investments ...
11 paź 2024 · On 1 October 2024, the Monetary Authority of Singapore (MAS) issued a circular on fund tax incentives under Sections 13O, 13U, 13D, and introduced Section 13OA for Limited Partnerships (LPs). These changes aim to boost Singapore's asset management industry and ensure economic substance, effective from 1 January 2025.
The introduction of a tiered local business spending requirement (ranging from SGD 200,000 to SGD 500,000 depending on the AUM in DI of the S13O/OA/U fund as at the end of each financial year (FY)) for S13O/OA/U funds. ... for the new S13OA scheme that will take effect from 1 January 2025 for funds established as Singapore limited partnerships ...
Singapore has various fund structures to set up: limited partnerships, VCCs, private limited companies and unit trusts.
This document summarises the key features of the diferent licensing requirements and restrictions on business operations for fund management companies in Singapore, along with details on the specific tax incentives schemes for funds managed by Singapore-based fund managers.
A Singapore fund manager may establish a fund in Singapore consisting of a single VCC or limited partnership or with a VCC as a master holding company beneath and with parallel funds in Singapore or elsewhere.
25 mar 2020 · In the light of the long (long) awaited birth of the Singapore Variable Capital Company (VCC) in January 2020, it seems like an appropriate time to do a round-up of where we are with the various options now available for structuring a fund that is managed from Singapore.
