The VCC Grant Scheme: Still Available in 2026?
The short answer is no — it expired on 15 January 2025. Here's what it was and what cost support exists now.
The VCC Grant Scheme has expired. It was a Monetary Authority of Singapore (MAS) co-funding grant that helped offset the cost of incorporating a Variable Capital Company (VCC) — and it closed to new applications on 15 January 2025. Many guides and AI answers still describe it as live; they are out of date. If you are budgeting for a VCC today, do not count on the grant.
This page is part of the Singapore fund tax incentives hub. The ongoing fiscal benefits — the 13O, 13U and 13D exemptions — remain available and are the more meaningful saving over a fund's life.
What was the VCC Grant Scheme?
Launched to encourage adoption of the then-new VCC framework, the scheme co-funded up to 70% of eligible VCC incorporation costs, capped at S$150,000 per VCC. Qualifying expenses were those paid to Singapore-based service providers — legal, tax, administration and incorporation work. In its final extension (16 January 2023 to 15 January 2025) the co-funding was reduced to 30%, capped at S$30,000 per VCC. It was a one-off setup subsidy, not an ongoing benefit.
When and why did it close?
The scheme reached the end of its term and closed to new applications on 15 January 2025. With well over 1,000 VCCs established since the framework launched, the grant had largely done its job of seeding adoption, and MAS did not extend it. Applications submitted before the cut-off were handled under the closing rules; no new applications are accepted.
Is there a replacement?
There is no like-for-like incorporation co-funding grant replacing it. The case for a Singapore VCC now rests on the structure and the tax exemptions rather than a setup subsidy:
- The 13O and 13U exemptions, which save tax every year the fund qualifies;
- The flexibility of the VCC umbrella and sub-fund structure; and
- Singapore's treaty network and reputation, which matter for family offices and institutional investors.
What does a VCC cost now without the grant?
Setup cost depends on structure, number of sub-funds and service providers, and is now borne in full rather than partly subsidised. The ongoing tax exemption usually dwarfs the one-off incorporation cost, which is why most managers still proceed. To compare your situation, see the 13O vs 13U comparison and how to apply via MAS.
Budgeting a VCC without the grant?
Tell us your plan and we'll connect you with a vetted Singapore fund-setup partner to price it and confirm the tax exemptions you qualify for.
Speak to a specialist →Frequently asked questions
Is the VCC Grant Scheme still available?
No. The VCC Grant Scheme closed to new applications on 15 January 2025. Many competitor pages still list it as live, but it is no longer accepting applications.
How much did the VCC Grant Scheme cover?
It co-funded up to 70% of eligible VCC incorporation costs, capped at S$150,000 per VCC, covering qualifying expenses paid to Singapore-based service providers.
What replaced the VCC Grant Scheme?
Nothing directly replaced it as a like-for-like incorporation co-funding grant. The 13O, 13U and 13D tax exemptions remain the main ongoing fiscal benefit of running a fund in Singapore.
VCC Singapore is an independent informational resource and is not a regulator, law firm or tax adviser. Tax thresholds and conditions are set by MAS/IRAS and change periodically — confirm the current figures before acting. This page is general information, not legal, tax or financial advice.