A Protected Cell Company (“PCC”) is a corporate structure in which a single legal entity is comprised of a core and several self-contained Cells that have separate assets and liabilities for the purposes of separating and protecting individual Cell assets from the threat of contamination by the failure of another asset.
PCC in Mauritius is governed by the Protected Cell Companies Act 1999 and the Protected Cell Companies (Amendment of Schedule) Regulations 2005.
Main Features of a protected cell company:
- A PCC may create one or more Cells
- A PCC is a single legal person
- The creation of a PCC does not create in respect of that Cell, a legal person separate from the company
- The assets of a PCC can be either Cellular assets or non-Cellular (Core) assets
- A PCC may in respect of any if its Cells, create and issue shares (“Cell shares”)
- A PCC may pay a Cellular dividend in respect of Cell shares
- Reduced administration costs
- Reduced individual regulatory compliance
- Better investment security environment
- Better returns for the investor
