Singapore eyes VCC changes to reel in more family offices
The city-state is considering updating its recent variable capital company structure, a step that could enhance its allure as a destination for single-family offices versus Hong Kong.
Singapore is looking at strengthening its appeal as a hub for single-family offices (SFOs) through potential updates to its new variable capital company (VCC) rules, AsianInvestor can reveal.
If implemented, the VCC changes could further cement the Lion City's allure as a base of operations for family offices over that of arch-rival Hong Kong, whose image as an international financial centre has been impacted by Beijing's political incursion into the city.
“The Monetary Authori…
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