5 June 2020
Latin Leap venture capital studio establishes as a Variable Capital Company (VCC) in Singapore with the support of Singapore law firm ZICO Insights Law and financial services company Swiss-Asia. This newly established VCC allows for greater operational flexibility and cost savings to Latin Leap while strengthening the investment ecosystem and promoting greater cooperation between Southeast Asia and Latin America.
The VCC is a new corporate structure launched by the Monetary Authority of Singapore (MAS) and the Accounting Corporate Regulatory Authority (ACRA) in January 2020 that can be used for a wide range of investment funds. As a VCC, Latin Leap will be able to carry out fund domiciliation and fund management activities locally and contribute to the enhancement of Singapore’s asset management industry. Latin Leap’s incorporation as a VCC plays a part in strengthening Singapore’s investment ecosystem by boosting funds and opportunities available for local and regional tech companies looking to expand to Latin America. This ultimately encourages deeper cooperation between the two emerging economies of Southeast Asia and Latin America.
The full article can be found from Zicolaw's site here.
For more information, please contact:
Ryan Lin, Director, ZICO Law Vietnam,
ryan.lin@zicolaw.com
