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Protected Cell Company

A protected cell company (PCC) is a special purpose vehicle providing legal segregation of assets attributable to each cell of the company whether corporately or individually owned. A PCC may be directly incorporated or may be registered as a foreign company by way of continuation as a PCC as long as the incorporation and registration requirements prescribed in the Companies Act 2001 are satisfied.

The incorporation procedure for a PCC is similar to that of a GBC 1. In the case of a continuation, additional requirements as laid down in section 5 of the PCC Act 1999 must be satisfied. Section 6 of the Act stipulates that the suffix 'PCC' must be added to the name of the company. The PCC Act also allows an existing company to convert into a PCC.

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