What are the key features of Protected Cell Company in Seychelles?

What is a Protected Cell Company (PCC) in Seychelles?

 

This is a Seychelles company that is able to create one or more cells with segregated assets and liabilities. Each cell however does not constitute a separate legal entity. A PCC only needs one set of directors, company secretary and registered office.

 

It can be incorporated from the onset as a PCC or converted from an existing company. Creditors to a particular cell only have recourse to the assets of that specific cell and the non-cellular assets of the PCC. Taxation of a PCC is the same as all Seychelles companies. PCCs can be incorporated under the Protected Cell Companies Act, 2003 or under the International Business Companies Act, 2016.

 

Key Features:

  • Legal Framework: Protected Cell Companies Act, 2003 or International Business Companies Act, 2016.
  • Cellular assets include cell share capital and reserves.
  • The tax resident PCC is taxed in Seychelles as one company, in one assessment.
  • A PCC can engage in any activity with the approval of the Authority (FSA).

 

For more information, contact on www.fsaseychelles.sc or 00248 4 380 800

 

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