Protected Cell Companies

A protected cell company is a special type of corporate body which consists of several cells within the same legal vehicle. A cell is a sub-set within the corporation, which has its own assets, its liabilities, its own cellular capital, its own dividends, accounts, and all. Each cell functions as an independent unit within the umbrella of the corporation, and the debtors and creditors of each cell have no claims against the assets or liabilities of other cells.

In other words, it substitutes for several corporations, and thus leads to substantial savings in incorporation and administration expenses.

Obviously enough, a protected cell body can be incorporated only if the law of the land allows for formation of such bodies.

As the need for protected cell companies is strongly felt, several countries, primarily the tax haven countries, have enacted laws to facilitate the formation of cellular companies.

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