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website of ONS DIFC
ONS is duly recognised and is a menmber of Singapore fund administration association ("SFAA"), Under Singapore funds industry group ("SFIG").
To enhance Singapore's value proposition as an asset management and funds domiciliation hub, the Monetary Authority of Singapore ("MAS") partnered with select industry stakeholders within the funds ecosystem across the entire asset management value chain to establish the Singapore Funds Industry Group ("SFIG").
At ONS, we provide a full range of fund administrative services including but not limited to NAV calculation and reporting,compliance support, assisting in third party administration of the fund such as with custodians,brokers, banks etc...,
In Singapore, fund managers can take up fund management in four ways as per the guidelines set by the Securities and Futures Act (SFA)
Category | |
Licensed Fund Management Company (LFMC) | Retail LMFCs Accredited/Institutional (A/I) LFMCs Venture Capital Fund Manager (VCFM) |
Registered Fund Management Company (RFMC) |
VCFM | RFMC | LFMC (A/I) | |
---|---|---|---|
AMU Limit | None | <S$250 million | None |
Number Of Investors | Qualified Investors | No More Than 30 Qualified Investors | Qualified Investors |
Base Capital Requirement | None | S$250,000 | S$250,000 |
Number Of Directors And Professionals | At Least 2 Directors And Professionals | At Least 2 Directors And Professionals | At Least 2 Directors And Professionals |
General Processing Time For License Application | 6 Months | 6-8 Months | 7-12 Months |
Other Constraints | At Least 80% Unlisted Investments | None | None |
At ONS, we will assist you with end-to-end license application, fund set-up and administration. Our engagement comes with a complete ecosystem of services and industry tie-ups. With us as your contact point, you'll be able to evaluate your options, with our advice and make the right selection to meet your end goal.
At ONS, our experts will help you to set-up for VCC fund with the right mandate and provide end to end administration.
Our services include :
The Variable Capital Company (VCC) is a new corporate structure for investment funds constituted under the Variable Capital Companies Act which took effect on 14 Jan 2020. The VCC will complement the existing suite of of investment fund structures available in Singapore.