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launchhttps://vccsingapore.com/https://vccsingapore.com/wp-content/uploads/2026/diagrams/singapore-vcc-umbrella-structure-diagram-2026.pngDiagram of a Singapore umbrella VCC: one legal entity with a board, Permissible Fund Manager, custodian, administrator and auditor above four ring-fenced sub-fundshttps://vccsingapore.com/minimum-aum-vcc-singapore/https://vccsingapore.com/wp-content/uploads/2026/diagrams/13o-13u-two-tracks-non-sfo-vs-sfo-diagram-2026.pngTable diagram comparing the non-SFO and SFO tracks for Singapore fund tax incentives 13O, 13OA and 13U: minimums, re-testing, investment professionals, spending tiers, capital deploymenthttps://vccsingapore.com/run-vcc-without-own-license-singapore/https://vccsingapore.com/wp-content/uploads/2026/diagrams/singapore-fund-manager-licence-routes-2026.pngComparison diagram of the three ways to manage a Singapore fund: hosted platform without an own licence, VCFM registration, and an own A/I LFMC under a CMS licencehttps://vccsingapore.com/sfo-vs-mfo-singapore/https://vccsingapore.com/wp-content/uploads/2026/diagrams/single-family-office-vs-mfo-annual-cost-singapore-2026.pngStacked bar chart comparing the annual cost of an own single family office in Singapore with the multi-family office route at S$30 million of assetshttps://vccsingapore.com/singapore-fund-manager-tax-exemption-2026/https://vccsingapore.com/wp-content/uploads/2026/diagrams/carried-interest-cayman-hong-kong-singapore-stacks-2026.pngDiagram comparing three carried-interest structures for Singapore fund managers: Cayman or Hong Kong carry vehicle, Singapore today, and Singapore-only from YA 2027https://vccsingapore.com/the-vcc-structure/https://vccsingapore.com/wp-content/uploads/2026/diagrams/singapore-vcc-umbrella-structure-diagram-2026.pngDiagram of a Singapore umbrella VCC: one legal entity with a board, Permissible Fund Manager, custodian, administrator and auditor above four ring-fenced sub-fundshttps://vccsingapore.com/umbrella-vcc-sub-funds-ring-fencing/https://vccsingapore.com/wp-content/uploads/2026/diagrams/singapore-vcc-umbrella-structure-diagram-2026.pngDiagram of a Singapore umbrella VCC: one legal entity with a board, Permissible Fund Manager, custodian, administrator and auditor above four ring-fenced sub-fundshttps://vccsingapore.com/zh/global-vcc-partnership-funds/https://vccsingapore.com/wp-content/uploads/2023/03/Multi-Family-VCC-Structure-1.png新加坡 VCC 多家族办公室架构图https://vccsingapore.com/zh/https://vccsingapore.com/wp-content/uploads/2023/03/Singapore-VCC-Structure.png新加坡 VCC 架构示意图：VCC 董事、新加坡 MAS 持牌基金管理人与基金服务提供商（行政管理人、托管人、审计师）位于上层，下设一个伞型可变资本公司，旗下设有四个法定资产隔离的子基金。每个子基金各自拥有独立的投资者、资产与负债，依《VCC 法令》第 29 条隔离运作。