Singapore VCC Fund Regime – Fund Raising from US-based Investors
Singapore has distinguished itself as a prominent global financial services centre through its reputation, strategic location, stable government, robust tax and regulatory environment, and exceptionally efficient yet cost-effective legal and financial ecosystem.

As per the Monetary Authority of Singapore (MAS), Singapore has more than SGD 3.4 trillion assets under management and more than 890 registered and licensed fund managers. In addition, to position Singapore as a leading fund domiciliation hub, MAS and Accounting and Corporate Regulatory Authority (ACRA) launched the new Variable Capital Companies (VCC) framework in January 2020 to provide a new corporate structure for investment funds, which emulates the best features of similar corporate fund vehicles prevalent globally.
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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
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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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

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:

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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.

Recent tax and regulatory reforms – India & Singapore perspective

Dhruva Advisors hosted a knowledge sharing seminar in Singapore to deliberate on the recent tax and regulatory reforms in India & Singapore, on October 24th, 2019.

The session touched upon numerous pertinent topics from the Indian Income Tax Ordinance 2019, ETR, MLI under BEPS to proactive strategies & new structures within Singapore, such as the “Singapore Variable Capital Company regime” to address tax treaty challenges.

Dhruva Partners Mahip Gupta & Vishal Gada presented these topics, engaging in a comprehensive dialogue with various industry players, sharing the Dhruva perspective on the far-reaching impact of these reforms.

Dhruva Advisors Singapore – Enterprise Singapore on India Budget 2019-20

Dhruva Advisors was honoured once again to collaborate with Enterprise Singapore for the Indian Budget 2019 on 9th July, 2019 at 9.00 am in Singapore (ESG's Bugis office).

The event was to throw light on the tax aspects of Union Budget, macroeconomic, business perspective and certain key issues of India’s growth trajectory, tax management and job creation .

Our CEO, Mr. Dinesh Kanabar along with representatives from India and Singapore government and other leading experts provided their insights on the India Union Budget.

14th Annual Asia Tax Forum 2019

The 14th Asia Tax Forum, the premier event in the region for taxpayers, officials and practitioners, was held in Singapore on May 8th and 9th 2019. This year has seen significant change for international tax. With changes across the globe affecting businesses and tax environment in the Asia- Pacific Region, it is vital for tax professions to get ahead of the cross- border implications. Advancements on BEPs continue and implementation has started. The Asia Tax Forum looks ahead into the year whilst tax professionals advise on best practices. Moreover, technology has a huge impact on modern day. The digital economy has taken flight in recent years and discussions on taxing the digital economy is raising debate. The evolving tax environment makes it essential that tax executives in Asia and globally keep themselves informed of what might affect how they manage their company’s tax obligations. The Asia Tax Forum has become the best opportunity for tax leaders to meet and share experiences of dealing with tax issues.

Events