Singapore VCC Cost Calculator
Estimate establishment and annual operating costs by assets, sub-fund count and management arrangement.
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Estimated cost
See the line-by-line breakdown
Independent estimate for orientation, current for YA 2026 — not a quote. Ranges are built from published Singapore provider figures and ACRA/MAS rates; actual costs depend on strategy, asset class and providers. ACRA fees (incorporation S$8,000; sub-fund S$400) are fixed; professional fees are indicative. The VCC Grant Scheme co-funding ended 15 January 2025 and is not included.
What the estimate includes
Two buckets drive the cost of a Singapore VCC. One-time setup covers ACRA incorporation (a flat S$8,000, plus S$400 per sub-fund), drafting the constitution and fund documents, onboarding a permissible fund manager, and — if you are claiming an incentive — the 13O or 13U application. Annual running cost is led by mandatory audit (charged per sub-fund), fund administration (which scales with AUM), and the manager arrangement.
The biggest single lever is the manager route. Running under an existing licensed manager (the hosted-platform route) avoids the S$250,000 base capital and the two licensed professionals an own LFMC requires — usually far cheaper until AUM is large. Audit and a small ACRA fee stack with each additional sub-fund.
Frequently asked questions
How much does it cost to set up a VCC in Singapore?
For a lean single sub-fund launched under a hosted manager, one-time setup is typically S$50,000–100,000 — ACRA's flat S$8,000 incorporation fee plus legal/constitution drafting, fund-manager onboarding and account opening. Adding a 13O/13U tax-incentive application, more sub-funds, or your own fund-management licence raises it materially. Move the sliders above for your case.
What are the annual running costs of a VCC?
Operating costs for a lean hosted single-sub-fund VCC run roughly S$50,000–90,000 a year — audit (mandatory, per sub-fund), fund administration, corporate secretary, accounting and tax, a Singapore-resident director, registered office and compliance. The manager/platform fee is shown separately because it scales with AUM. Your own licensed FMC is materially higher (often S$150,000–400,000+).
What are the ACRA fees for a VCC?
ACRA charges S$15 for a name application, S$8,000 to incorporate a VCC, S$400 to register each sub-fund, and S$1,600 to file the annual return. Inward re-domiciliation has a separate transfer-of-registration application fee of S$9,000 plus S$400 for each transferred sub-fund.
Does the VCC Grant Scheme still help with costs?
No. The MAS VCC Grant Scheme, which co-funded up to 30% (capped at S$30,000) of incorporation costs, closed on 15 January 2025. Guides that still cite it are out of date; we’ve excluded it from this estimate.
Is it cheaper to run a VCC without my own licence?
Usually, yes — until your AUM is large. The hosted route avoids the S$250,000 base capital and the two licensed professionals an own LFMC requires, so for most managers below roughly S$75–150m AUM it is the lower-cost path. See launching a VCC under a licensed manager.
Discuss the establishment budget
Outline the strategy, sub-fund plan and management requirements. Request a specialist introduction to assess the scope and obtain a provider quotation.
Discuss your requirements →VCC Singapore is an independent educational resource and is not a regulator, law firm or tax adviser. Cost figures are general estimates, not advice; confirm with the relevant provider or authority before acting.
Calculator methodology and assumptions
This is a planning model, not a provider quotation or a measured market-price distribution. Statutory ACRA charges and modelled professional fees are separate inputs.
- Registration
- S$8,015 plus S$400 per sub-fund. The model includes S$1,600 for the annual return.
- Administration and audit
- Administration: 0.06% of AUM, bounded between S$25,000 and S$135,000 a year. Audit: S$14,000 per sub-fund a year. These are model assumptions.
- Manager arrangement
- Hosted route: S$18,000 plus 0.17% of AUM, with the AUM component capped at S$300,000. Own-manager operating budget: S$250,000 a year. These are assumed operating costs, not statutory capital requirements.
- Displayed ranges
- Setup and operations use 82–122% of modelled central costs; manager costs use 78–128%. First-year totals use 80–125% of combined central costs, so the endpoints need not equal the sum of the displayed ranges.
- Currency
- USD display uses a fixed S$1.35 per US$1 assumption, not a live exchange rate. Displayed figures are rounded.
Code assumptions checked 6 September 2026. Confirm service scope, exclusions and fees with the appointed providers. ACRA statutory fee schedule ↗