Protected Cell Companies (PCC)

Protected Cell Companies are governed mainly by the Protected Cell Companies Act 1999. It is a single entity with different cells having segregated assets and liabilities from one another.
It is liable to tax as a single entity. A GBC1 may be structured as a PCC. Being a qualified global business company, the PCC would therefore be taxed at a rate of 15% but application of the “deemed foreign tax credit regulations” could reduce the tax liability to as low as 3%.

PCC set up is allowed for the following activities:

  • Asset holding
  • Collective investment schemes
  • Insurance business
  • Specialised collective investment schemes
  • Structured finance businesses