Venture Capital in Singapore: The Way Forward

Abstract

This article examines the existing regulatory framework governing venture capital in Singapore. It discusses the present legal structures and tax policies, and examines recent law reforms that aim to encourage fund managers to re-domicile their venture capital funds in Singapore, such as the introduction of the variable capital company and the simplified authorisation process for venture capital fund managers. This article proposes several reforms that will continue to improve the regulatory environment for venture capital in Singapore, such as introducing more liberal tax policies; modifying the limited partnership structure and extending the dual-class share structure to the Catalist board.

Keywords: venture capital, Singapore