The Singapore Variable Capital Company (VCC) – Practical consideration for India-focussed funds and fund managers

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The Singapore Variable Capital Company (VCC) – Practical consideration for India-focussed funds and fund managers

The Singapore VCC framework was launched on 15 January 2020 and has since been adopted enthusiastically by the funds industry. Nearly 200 VCCs have
been launched so far. Rajah & Tann Asia along with Dhruva Advisors Singapore, organised a webinar comprising of an expert panel of speakers who shared their
experience on the use of the VCC for India-focussed funds and the practical considerations that fund managers need to consider in structuring such funds.
The speaker panel comprised of:

  • Arnold Tan Co-head, Funds and Investment Management, Rajah & Tann Singapore LLP.
  • Mahip Gupta, Partner, Tax Advisory, Dhruva Advisors (Singapore) Pte. Ltd.
  • Bhuta Devang Arun, Managing Director and Chief Executive, JM Financial Singapore Pte. Ltd.
  • Nilesh Choudhary, Director & Co Founder, Wilson Ventures Pte. Ltd.

Dhruva Advisors Singapore, Enterprise Singapore, High Commission of India in Singapore, Singapore Indian Chamber of Commerce and Industry (SICCI) and Federation of Indian Chambers of Commerce & Industry (FICCI) on Indian Budget 2021

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Dhruva Advisors Singapore, Enterprise Singapore, High Commission of India in Singapore, Singapore Indian Chamber of Commerce and Industry (SICCI) and Federation of Indian Chambers of Commerce & Industry (FICCI) on Indian Budget 2021

Dhruva Advisors Singapore, Enterprise Singapore, High Commission of India in Singapore, SICCI and FICCI jointly hosted a webinar session on Feb 9th, 2021 to deliberate on the impact of the Indian Budget 2021 tax proposals on the foreign investors and the Indian economy.

Dhruva Partners – Dinesh Kanabar, Mahip Gupta and Niraj Bagri led the session and industry experts provided their in-depth insights on key policy and tax announcements.

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Doing Business in India

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Doing Business in India

The manufacturing sector has emerged as one of the sectors in India with high growth. The ambitious “Make in India” program launched by the Hon’ble Prime Minister, Shri Narendra Modi, has played a pivotal role in this regard and has significantly helped not only in placing India on the world map as a manufacturing hub but also in providing global recognition to India’s growth story.

According to the United Nations Conference on Trade and Development (“UNCTAD”), India ranked among the top 10 recipients of Foreign Direct Investment (“FDI”) in South Asia in 2019, attracting US$ 49 billion – a 16% increase from the previous year.

Cumulative FDI in India’s manufacturing sector reaching US$ 88.45 billion during April 2000 to March 2020 is a manifestation of the increasing attractiveness of India as destination for foreign investments. Furthermore, with its increasing liberalisation and business friendly environment, India has jumped 79 positions to rank 63rd in the ‘Ease of Doing Business index’ as per the World Bank’s Ease of Doing Business Ranking, 2020. In accordance with the latest data released by the Government, the FDI inflows have gone up by almost 15% during the first half of the current year with Singapore topping the list. In terms of numbers, the data shows that despite the pandemic, FDI inflows in India have topped US$ 30 billion during April-September compared to US$ 26 billion in the corresponding period of the last year.

Download the entire report below.

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Singapore VCC – At a glance

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Singapore VCC – At a glance

The Variable Capital Company (VCC) framework has become a game changer for the fund management industry in Singapore. Our VCC flyer gives a snapshot of the key features of VCC, its broad tax framework, an overview of the VCC Grant Scheme (providing for upto 70% funding of set-up cost) and how we can assist you on a holistic basis.

Download the entire report below.

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Webinar on “Singapore Hold Co structure and New VCC Fund regime”

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Webinar on “Singapore Hold Co structure and New VCC Fund regime”

Dhruva Advisors Singapore hosted a knowledge sharing webinar session on March 18th, 2020 for the members of ICAI Singapore chapter to deliberate on the Singapore Hold Co structure and the recently introduced Variable Capital Company (VCC) regime. The session was attend by lot of members and was very interactive.

Mahip Gupta, Partner at Dhruva Advisors presented the session. Link to the copy of our VCC flyer is available below:

Dhruva Advisors Singapore, Enterprise Singapore and Singapore Indian Chamber of Commerce and Industry (SICCI) on India Union Budget 2020

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Dhruva Advisors Singapore, Enterprise Singapore and Singapore Indian Chamber of Commerce and Industry (SICCI) on India Union Budget 2020

Dhruva Advisors, supported by Enterprise Singapore and Singapore Indian Chamber of Commerce and Industry (SICCI) hosted a webinar session on Feb 06th, 2020 to deliberate on the impact of the India Union Budget 2020 tax proposals on the foreign investors and the Indian economy.

Dhruva Partners – Mahip Gupta and Vishal Gada led the session and industry experts provided their in-depth insights on key policy and tax announcements.

Link to the copy of the presentation and recording is available here:

New Singapore Fund Structure – India & Singapore perspective

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New Singapore Fund Structure – India & Singapore perspective

Dhruva Advisors recently hosted a breakfast session in Mumbai for the financial services industry, deliberating on the “New Singapore Fund Structure – An India & Singapore Perspective”. This highly relevant and topical session was helmed by Dinesh Kanabar, Mahip Gupta and Punit Shah.

Do reach out to our specialists (punit.shah@dhruvaadvisors.com and mahip.gupta@dhruvaadvisors.com) for further insights on how we could be of relevance to your organization.

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