Category: Thought Leadership

The Singapore Variable Capital Company (VCC) framework offers a modern and flexible fund structure, designed to enhance Singapore’s position as a leading asset management hub. It addresses limitations of traditional corporate fund structures by providing ease of entry and exit for investors, along with significant advantages such as investor privacy, tax exemptions, and operational efficiencies.

Key features of the VCC include its corporate legal structure, the ability to operate as standalone or umbrella funds with segregated sub-fund assets, flexible capital repatriation, and investor privacy. VCCs are also eligible for various tax incentives and treaty benefits. Dhruva can assist with various aspects, including advising on VCC structure, drafting tax sections in Private Placement Memorandums (PPMs), assisting with applications for tax incentives and Certificates of Residence, and ensuring tax compliance for VCCs.

To learn more about the Singapore VCC framework and its benefits for fund and wealth management, download our comprehensive guide.

As we enter 2025, the world faces several challenges, including a new administration in the USA with potential tariff impositions and a global struggle between globalization and nationalism. The OECD is working towards implementing the two-pillar solution, while ongoing conflicts in Europe and the Arab world add to global uncertainties. Amidst this, India stands out as a stable democracy with a large consumption base and a reliable supply chain, positioning itself as a strong alternative to China. With a stable central government, India has long been a leader in the services sector and is now actively promoting manufacturing through the Make in India program, offering various incentives to drive growth.

The government has set an ambitious goal of making India a developed nation by 2047 under the Viksit Bharat Program, which focuses on high-tech manufacturing, supporting Global Capability Centres, and fostering entrepreneurship. These efforts have led to record foreign direct investment inflows, making India one of the fastest-growing large economies. Given this trajectory, India is becoming an essential part of every major global organization’s strategy. Against this backdrop, we are pleased to present the India Invest publication, outlining the tax and regulatory framework for those looking to invest in India.

India and Singapore represent vibrant markets with unique opportunities and challenges for businesses. India, with its dynamic economic landscape and government-led initiatives like Make-in-India, offers a robust ecosystem for domestic and foreign investments. Regulatory reforms, attractive tax incentives, and the availability of a skilled workforce make it a strategic hub for expansion. On the other hand, Singapore stands as a global financial and innovation center, boasting a transparent tax system, a wide array of incentives for innovation and R&D, and a business-friendly environment. Its position as a gateway to the Asia-Pacific region makes it an attractive destination for global enterprises.

The report delves deeply into the intricacies of doing business in these two economies. It outlines critical aspects such as tax policies, compliance requirements, various tax incentives, and sector-specific opportunities. Whether you’re an entrepreneur, investor, or a corporate leader, the guide offers actionable insights to navigate the regulatory and operational landscapes effectively. Download the report to explore a comprehensive analysis and practical strategies to thrive in these markets.

Presenting our FAQ document which delves into the essential aspects of the updated Seventh Edition of the Singapore Transfer Pricing Regulations, issued by the IRAS. This FAQ guide is designed to help multinational enterprises navigate the intricate transfer pricing (TP) landscape in Singapore. It covers essential aspects such as the evolution of TP regulations, mandatory documentation requirements, compliance thresholds, and the penalties for non-compliance.

The FAQs provide clear insights on critical updates, including enhanced safe harbour provisions, stricter penalties, and expanded documentation requirements, ensuring alignment with OECD’s BEPS initiatives.
This document also offers guidance with respect to intra-group financial transactions, cost-contribution arrangements, and transfer pricing audits, thereby ensuring compliance and minimizing risks.