Step 3: Reserving a variable capital company (VCC) name
Reserve your VCC name after you confirm your proposed directors and VCC officers.
Before you start
You can reserve a VCC name yourself or get help from a corporate service provider (CSP). Foreigners must engage a CSP to reserve a VCC name. Learn more about the rules for foreigners.
What you need to prepare
You need to prepare the following documents and information.
Required documents and information
You need to prepare | Details |
|---|---|
Proposed VCC name | Before you apply, search the VCC Portal to check if the proposed VCC name is available. More details: Choosing a business name |
Details of each proposed director and VCC officer |
Note: Foreign Identification Number (FIN) holders should check with their pass issuer (Ministry of Manpower (MOM) or Immigration and Checkpoints Authority (ICA)) before they accept a role. |
In-principle approval from other authorities, if any |
|
Fees and processing time
Registration fee and processing time
What you need to know | Details |
Fee | $15 Note: Will not be refunded even if your registration is rejected or withdrawn. |
Accepted payment methods | Credit card, debit card, or online banking |
Processing time | Most registrations take up to three working days. Names that need extra approval from referral authorities: 14 to 60 days |
Steps to reserve a VCC name
Follow our step-by-step guide [PDF, 1.3 MB] to reserve a VCC name on the VCC portal.
Next steps after reserving
Save your transaction number
After you apply, save the transaction number. You will need it to register the VCC.
Register your VCC within 120 days
You can check your registration status through notifications from ACRA.
If your name is approved, you can reserve the name for up to 120 days. You must register the VCC within this period. After that, the name will be released for others to use.
If the name is released, you must pay to reserve it again.
(Optional) Withdraw your application within 120 days
If the name is approved, you may still withdraw your application during the 120-day reservation period. You can only do this before you apply to incorporate or transfer the VCC.
How to withdraw:
Open the VCC Portal.
Click eServices, then Start a new VCC or Sub-fund.
Select Withdrawal of name application.
