Protected Cell Company (PCC)
A single corporate entity comprising legally segregated cells, each with ring-fenced assets and liabilities — ideal for multi-class investment structures and captive insurance.
A Protected Cell Company (PCC) is incorporated under the Protected Cell Companies Act 1999 and provides a unique corporate structure where a single company is divided into separate cells, each with legally segregated assets and liabilities.
Core and Cells
A PCC has a 'core' (the non-cellular part) and one or more 'cells'. The core holds the PCC's own assets. Each cell holds assets attributed to it and meets only those liabilities attributable to that cell.
Asset Segregation
The assets of a cell are protected from creditors of other cells and the core by Mauritius law. This protection is legally enforceable and provides genuine insulation between strategies.
Fund Platform Use
The PCC is frequently used as a fund platform structure, where each cell represents a distinct investment strategy sharing the administrative infrastructure of the core.
Captive Insurance
The PCC is the structure of choice for captive insurance in Mauritius, allowing multiple insureds or risk categories within a single regulated entity.
Governance
The PCC is governed as a single company by its board of directors. Cell-specific governance arrangements can be established by contract.
Annual Compliance
The PCC files consolidated accounts for the core and cellular assets, with separate financial statements for each cell. FSC reporting and AML/CFT compliance apply at the PCC level.
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Our team will guide you through every step — from initial structuring advice through to incorporation, licensing, and ongoing administration.