A Protected Cell Company (PCC) is a single legal entity constituted under the Protected Cell Companies Act and registered as a private limited company under the Companies Act of Mauritius. It may be registered or converted to a public company if a cell or cells intends to be listed on a securities exchange.
A PCC consists of a core cell which is managed by its board of directors and a number of separate and distinct cells. The assets and liabilities of each cell are clearly defined and ring-fenced, hence protected from cell contagion.
What does it look like?
A PCC is structured similarly to an ‘umbrella fund’ where multiple funds operate on the same platform but with the advantage of being ring-fenced. Each fund of a PCC can offer different investment strategies and horizons based on risk appetite and returns.
A cell may invest in another cell in the same manner as a feeder would in a master fund.
This diagram depicts an example of a PCC established to accommodate several funds.
What we do for you?
- Structuring advice and guidance
- Drafting and vetting of constitutive documents
- Drafting of PPM or prospectus and operating agreements
- Submit application to the FSC and follow up until licence is received
- Provision of local directors, company secretary and registered office
- Open Bank Accounts
- Provide comprehensive fund administration and accounting services
[MC name] is regulated by the Mauritius Financial Services Commission and authorised to provide a wide range of corporate and fiduciary services under its management company licence.
Our specialists have been at the forefront of the financial sector for over 20 years and have been involved in the administration of offshore funds in several jurisdictions.