The VCC Act 2022 provides a comprehensive legislative structure for those who wish to set up different types of funds within one legal entity. A variable capital company (“VCC”) is incorporated under the Companies Act and may carry out its business through sub-funds and special purpose vehicles (“SPV)

Key feature and Advantages:
The VCC has the added advantage (that a protected cell company does not have) that each sub-fund or special purpose vehicle may elect to have a legal personality that is distinct from the VCC.

Benefits of setting up a VCC:

Flexibility | Cost Efficiency | Relaxed Test for Dividend Payment | Ring Fencing of Assets & Liabilities | Cross Holding