Webb10 apr. 2024 · What is a Protected Cell Company? A PCC is an insurance vehicle whereby multiple ‘cells’ are connected to a core; creating a single legal entity. A ‘cell’ is an insurance facility that can be rented by a single company to underwrite its specific risks – a form of risk retention vehicle. WebbA 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.
Mauritius - Centurion Law Group
WebbChanges to the Protected Cell Companies Act . The amendment brought to the Protected Cell Companies Act has extended the use of protected cell companies for business activities relating to real estate development which consists of acquiring, developing, holding, managing and disposing of real estate assets or portfolios of real estate assets … WebbThe risk-based solvency regime under the Insurance Act, as applied to protected cells, ensures that there is appropriately scaled down capital requirement for protected cell captives. Additionally, each captive should have a captive manager and a board of directors, one of whom has to be a resident in Mauritius. clearance around a dining room table
Mauritius: Protected Cell Companies In Mauritius - Mondaq
WebbProtected Cell Companies. The Protected Cell Companies Act 1995 (as amended) allows for the segregation of assets and related liabilities within a company into cells and limits the claim of a creditor against assets of the cell it has contracted with. This somewhat resolves the problem encountered with an umbrella fund company due to the fact ... WebbPROTECTED CELL COMPANIES (MAURITIUS LAW) OVERVIEW: Type of company Protected cell company Type of licence Global Business Licence Name Name must end with the expression “Protected Cell Company” or … Webb26 juni 2024 · What are the main features of a Protected Cell Company? Incorporation. A company in Mauritius may be incorporated as a PCC. An existing company can convert … clearance around fire extinguishers