1. What is Protected Cell Company ?
Protected Cell Company (“PCC”) is a single legal entity comprised of a core, and a number of “cells”. This structure creates a legal segregation of the PCC’s assets and liabilities into a number of different cells and a central core.
Each cell is completely independent and separate from the other cells, as well as from the core of the company. This limits damage from litigation and financial impacts to a single cell and protects the core business.
4. Reporting Requirements
5. Labuan FSA Annual and Conversion Fees
A Labuan PCC is required to pay the following annual fees to Labuan FSA on or before 15 January of each year.
|Type of Fees||Amount|
|Insurance and Takaful|
|On the general assets of the Labuan PCC (core)||RM30,000||USD9,500|
|On each cell||RM10,000||USD3,000|
|Mutual Funds and Islamic Mutual Funds|
|On the general assets of the Labuan PCC (core)||RM5,000||USD1,500|
|On each cell||RM2,000||USD600|