Seychelles PCC
In Seychelles, Protected Cell Companies (PCC) are formed under the Protected Cell Companies Act, 2003. A PCC is a Seychelles domestic company that has the right to create one or more identifiable cells so as to segregate and protect cellular assets as permitted under the Act. In simple terms, a PCC is a company which – in addition to its main, “core” level – contains a number of segregated parts, or “cells”. Each cell is legally independent and separate from the others, as well as from the “core” of the company.
Key Features
| Seychelles PCC | Corporate Details |
| Location of Meetings | Meetings by shareholders and directors may be conducted by telephone or any other electronic means providing that they are able to hear and recognise each other. |
| Tax Exemption |
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| Number of Cells Permitted | Unlimited pursuant to the provisions of the Act |
| Continuation from IBC | Allowed |
| Directors | I. At least two individual directors
II. Corporate Directors not allowed III. Local Directors not required |
| Annual Accounts, Audit, Returns | I. Annual returns shall be filed with the Registrar of Companies in accordance with the Companies Act.
II. Company books are required to be audited by an approved auditor. |
| Company Secretary | Yes. Must be an International Corporate Service Provider (ICSP) in Seychelles who will be responsible for submitting and authenticating signatures on all documents which are submitted to the Authority. |
| Permitted Business Activities | 1. Insurance
2. Mutual Funds 3. Any other business activity approved by SIBA |