- 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 GBC1 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.
A Protected Cell Company (PCC) is a single legal entity made of a Core and several Cells with separate assets and liabilities.
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. Despite the segregation of assets and liabilities that exists between the Cells and the Core and among the Cells themselves, a Cell has no separate legal identity.
An individual client’s account is insulated from the gains and losses of other accounts, such that the PCC sponsor and each Cell is protected against liquidation activities by creditors in the event of insolvency of another Cell.
At a glance
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