A Protected Cell Company (PCC) is one of the most popular companies offered in Seychelles. The main advantage is that a PCC allows structures enabling international business, wealth/ asset planning and mutual fund formations.
PCC is a corporate entity, which 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.
|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 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 any activity with the approval of Seychelles FSA (the Authority)|
|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|
|Government Registry of Directors||Yes, not public|
|Government Registry of Shareholders||Yes, not public|
|Annual Filing of Returns||Yes|
|Meeting Location||If held, can be held anywhere|
|Incorporation Time||2-3 weeks|
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 write to us at email@example.com or fill the enquiry form we will call you.