A Protected Cell Company (PCC) is a type of company which allows the segregation of assets and liabilities of different cells from one another and from the non-cellular assets of the PCC. Such a structure limits the liability of each cell to its cellular assets primarily and to the non-cellular assets secondarily. One cell cannot be liable for another cell in the PCC.
A PCC, despite having different cells with their own distinct name or designation or denomination, has a single legal personality. A cell does not have a separate legal identity.
Incorporation of a Protected Cell Company
AAcapital International Limited prepares all the necessary documents for the incorporation of a PCC and or the creation of cells. The application is submitted to the relevant government bodies by AAcapital International Limited.
We act as company secretary and provides the resident directors.
We prepare the accounts and liaises with auditors for auditing of the financial statements.
We file your tax returns with the Mauritius Revenue Authority.
|Key Features of a Protected Cell Company
|"Protected Cell Company" or "PCC" to be included after the name of a PCC
|Each cell to have its own distinct name
|Assets of PCC
|Liability of PCC
|15% - can avail to partial exemption of 80% depending on activity
|Yes - quarterly and annual
|Capital Gains Tax
|To maintain principal bank account in Mauritius at all times
|At least 2 resident directors
|Qualified and resident in Mauritius
|Shall be in Mauritius