Unlimited number sub-funds and SPVs can be created under the VCC;

Unique number for each sub-fund/SPV created by the VCC by the Financial Services Commission (“FSC”).

Investors can invest any market globally after obtaining approval from the FSC.

Corporate restructuring allow under the VCC Viz:
a) A VCC can redeem or buy back its shares or the shares of its sub-funds and SPVs;
b) A VCC can reduce its share capital or the share capital of its sub-funds and SPVs;

Payment of dividend allowable using the VCC’s Capital;

A VCC must adopt a written constitution.

The assets and liabilities of the sub-funds and SPVs are segregated. Assets attributable to a sub-fund or SPV are therefore protected from the creditors of a VCC who are not creditors to that sub-fund or special purpose vehicle. However, assets or liabilities which are not attributable to any particular sub-fund or special purpose vehicle can be assigned to the other sub-funds or SPVs of the VCC.

Share registers and audited accounts are not available to the public but only to the FSC;

Flexibility of the VCC allow the appointment of only one CIS manager, CIS administrator, custodian or other service providers for all sub-funds, however a sub-fund may also appoint its own CIS manager, CIS administrator, custodian or other service providers;

Segregation of assets and liabilities prompt separate record keeping obligations for a VCC, its sub-funds, and SPVs;

An SPV of a VCC Fund, subject to the approval of the Commission, shall operate as a vehicle ancillary to a sub-fund or the VCC Fund and, may elect to have a separate legal personality from that of the VCC Fund.