Protected Cell Companies
Segregate Business Assets

PROTECTED CELL COMPANIES

A Protected Cell Company (PCC) is one of the most popular type of companies offered in Seychelles. The main advantage is that a PCC allows structures enabling international business, wealth/ asset planning and mutual fund formations.

PCC has been designed to hold assets in one or more segregated cells. The main idea behind this structure is to separate the assets in each cell (business) from those activities in the other cells.

A Protected Cell Company is able to segregate its assets into different cells within that company and protects each cell from the liabilities of any other cell. It is necessary that such companies require applicable licences in respect to the activity or activities to be conducted by the PCC in accordance with the laws of the jurisdiction where they conduct their business.

KEY FEATURES SEYCHELLES PCC

General

Legal System	Common Law/Civil Law Hybrid
Disclosure of Beneficial Owner to Registrar	Yes
Disclosure of Beneficial Owner to Registered Agent	Yes
Change in Domicile	Permitted
Non-English Language Names Allowed	Yes
Operational Objects	Offshore Insurance, Mutual Funds business, and other Collective Investments
Tax Resident	Yes
Tax on Worldwide Profits	Shall be subject to the applicable rate wherever the business is situated.
Access to Double Taxation Avoidance Treaties	No
Trade Restriction	Can engage in certain prescribed activities normally insurance and funds with the approval of Seychelles FSA (the Authority)

Corporate Requirements

Minimum Directors	Two
Corporate Directors Allowed	No
Company Secretary Required	Yes (Local required)
Standard Authorized Share Capital	USD 100,000 divided into 100,000 shares valued at no par value or US$1.00 each (it is not required to have all of the shares issued, but a minimum of two shares must be issued);
Types of Assets	Cellular Assets, Non cellular Assets
Exemptions from the Stamp Duty Act	All transfers of property to or by a protected cell company all transactions in respect of shares, debt obligations or other securities of protected cell company all transactions relating to the business of a protected cell company

Local Requirements

Registered Office/Agent	Yes
Local Secretary	Yes
Local Meetings	No
Government Registry of Directors	Yes, not public
Types of Assets	Cellular Assets, Non cellular Assets
Government Registry of Shareholders	Yes, not public

Annual Requirements

Annual Filing of Returns	Yes
Annual Meeting	No
Meeting Location	If held, can be held anywhere
Incorporation Time	2-3 weeks

PROTECTED CELL
COMPANIES
ADVANTAGES

PCC as part of business structure is ideal for use in umbrella funds and captive insurance structures, because the losses of one cell will not have an adverse effect on the other cells

It can limit the creditor exposure, the cells are independent and the assets of a particular cell can be applied to the liabilities of that particular cell only

It is cost effective compared to forming various subsidies for different businesses

WHY US

Abacus offers an experienced team of professionals who can help you structure your business in an efficient way, enabling international business wealth/ asset planning and mutual fund operations. To find out how we can help you with a Protected Cell Company, please get in touch with us. We would be happy to help!