A Protected Cell Company ("PCC") in Mauritius is a company having a special legal structure consisting of a core capital, cellular capital, cellular assets and liabilities, and core assets and liabilities, allowing legal segregation of assets attributable to each protected cell of the company whether owned by individuals or corporations, thus enabling ring-fencing among the various protected cells.
The constitutive documents must comply with the Protected Cell Companies Act (“PCC Act”). Similarly, the PCC operational documentation should disclose to contractual parties that it is a PCC and that claims shall be restricted to assets of the specific protected cell contracted with.
Pursuant to the PCC Act, a PCC may only undertake the following activities:
1. Asset Holding
2. Structured Finance Businesses
3. Collective Investment Schemes and Close-ended Funds
4. Specialised Collective Investment Schemes and Specialised Close-ended Funds
5. External Insurance Business
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