Protected Cell Company (PCC)

A single legal entity that operates segregated accounts, or cells, each of which is legally protected from the liabilities of the company's other accounts. There is no limitation as to the number of cells a PCC can create. The Protected Cell Company (PCC) Act 1999 came into force in January 2000. It is a very flexible structure which provides significant cost effectiveness prospects. PCCs can also be used for asset holding, structure finance and insurance business.

Main features

  • Different cells are taxed separately.
  • Favourable tax treatment under the double taxation avoidance agreements whilst being taxed as a single entity.
  • Legal segregation and protection of assets and liabilities for each cell.
  • May be incorporated, continued or converted from an existing company.
  • No minimum capital requirement is imposed for the PCC and each cell except for insurance business.
  • Taxed as a GBL1 company, thus benefitting from the corporate tax incentive.
  • Unlimited number of cells may be provided, with each cell having its own name or designation.
  • Useful for any investment entity with various investment portfolios where each has its own investment strategy.