A Variable Capital Company (VCC) is a versatile corporate structure designed for investment funds in Singapore. Established under the Variable Capital Companies Act of 2020, VCCs offer a unique framework for managing multiple, segregated collective investment schemes (sub-funds) within a single legal entity. This structure provides flexibility and efficiency for fund managers.

To ensure regulatory compliance, all VCCs must be managed by a Permissible Fund Manager. The oversight of VCCs falls under the purview of the Accounting and Corporate Regulatory Authority (ACRA), which administers the VCC Act and related regulations. Additionally, the Monetary Authority of Singapore (MAS) oversees the VCCs' anti-money laundering and counter-financing of terrorism obligations.