There are two types of cell companies in Guernsey
–
- The Protected Cell Company (PCC); and
- The Incorporated Cell Company (ICC) These are similar
to segregated account companies used in some other
jurisdictions.
They are well recognised structures amongst international
finance centres.
Protected Cell Companies
Legal Structure
A PCC is a single legal entity with separate and distinct
"cells" within it. Each cell may, but is not required to,
have cell shares. A cell of a PCC cannot contract in its own name;
it is the PCC which will be the contracting party, in respect of
the relevant cell which must be identified.
Uses
When the concept of PCCs was first introduced in Guernsey in
1997, only collective investment funds and insurers could be
established as PCCs. Today, PCCs can be used for most businesses
provided that they are administered by an entity licensed by the
Guernsey Financial Services Commission in Guernsey.
