Introduction
The Companies (Jersey) Law 1991 (the
"Law") permits the creation of cell
companies and sets out the legal requirements relating to cell
companies in Jersey.
In essence, cell companies are companies whose assets and
liabilities may be attributed to a particular separate cell of the
cell company, or to the cell company itself.
In this short note we examine the different types of cell
companies available in Jersey, their purpose, features,
transactional uses and advantages.
PCCs and ICCs
In Jersey there are two types of cell company provided for in
the Law, protected cell companies
("PCCs") and incorporated cell companies
("ICCs").
A PCC is a separate legal entity, but its cells are not bodies
corporate and do not have a legal identity separate from the PCC of
which they form part. As such, the PCC and its cells together form
one legal entity.
