The Isle of Man is able to offer an impressive variety of
options for institutional and other clients seeking to create or
restructure corporate vehicles to minimize risk to, and liability
of, underlying assets.
In 2004, the Isle of Man Government introduced the concept of
the protected cell company ("PCC") into Isle of Man law.
Just like a conventional company, a PCC has a single separate legal
personality, is distinct from both its members and directors, and
is subject to all the provisions of the Isle of Man Companies
Acts.
Uniqueness of a PCC
A PCC differs from a conventional company in that the company is
sub-divided into a number of legally distinct portions, known as
the core (the non-cellular part of the company) and cells. Each
cell has its own share of the PCC's overall share capital,
allowing a shareholder to be the sole owner of one cell while only
having small interest in the PCC as a whole.
