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
  1. Exemption of stamp duty in respect of properties, shares and all transactions relating to the business of a PCC
  2.  Not liable for business tax on income derived outside Seychelles
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