In the space of 2 months, global events have not stopped its relentless march. The Ukrainian war that has yet to see an ending has cast a dark shadow over the globe. Amidst the doom and gloom, it does appear that the world is finding its way out of the Covid crisis that has impacted everyone over the last years.
The Fox's Den
Singapore currently offers a variety of investment fund forms. These are found as limited partnerships, unit trusts, business trusts, and real estate investment trusts. Corporations are also used as investment subsidiaries for “fund” investments.
The VCC is treated as a company and a single entity for tax purposes. As such, the VCC is subject to income tax in Singapore. However, the tax exemption to be had under sections 13O (referred to as “Singapore Resident Fund Scheme” or “SRF”) and 13U (referred to as “Enhanced-Tier Fund Scheme” or “ETF”) of the Income Tax Act of Singapore that are extended to VCCs.
Martin O’Regan of Solas Fiduciary Services explores the evolving governance ecosystem as VCC goes from strength to strength Q: With the increased emphasis on corporate governance, how will the role of an independent director evolve? Martin O’Regan (MOR): With current and more
Assets under management across the Asia Pacific are expected to increase to US$29.6 trillion by 2025, from US$15.1 trillion in 2017, equating to roughly one-third of the total investment pool in the region. Singapore is strategically located to tap into this growing space and with the ecosystem and economic support provided, Singapore is a top choice for setting up fund management operations focused on investments in Asia.
Kim Jung Gi a South Korean artist specialising in line-drawing and comic book illustration. He studied fine arts at the Dong-Eui University of Busan. Kim Jung Gi served in the military for 2 years during which that time he memorised a huge number of vehicles and weapons that would later often appear in his illustrations.