Lowtax Network

Back To Top

Your Lowtax Account

Seychelles: Types of Company

Protected Cell Company

Protected cell companies (PCCs) are formed under the Protected Cell Companies Act, 2003 (the Act). A PCC is a domestic Seychellois company that has the right to create one or more identifiable ‘cells’ so as to segregate and protect cellular assets as permitted under the Act. While each cell a PCC creates is separately identifiable and may have its own cellular assets, no cell constitutes a legal entity separate from the company (i.e. only the PCC is a separate legal entity).

The Directors of a PCC have a duty to keep cellular assets separate from non-cellular assets, and to keep the assets attributable to each cell separate from the assets attributable to other cells. Liabilities attributable to a particular cell of a PCC cannot attach the assets of other cells.

As in other jurisdictions, the PCC has particular use and appeal for captive insurance and collective investment scheme applications. It is likely that approval will be limited to these areas and for non-domestic business only.



Back to Seychelles Index »