Protected Cell Companies (PCCs) and Incorporated Cell Companies (ICCs) offer sophisticated, flexible solutions for managing and protecting private wealth. Designed to segregate assets and liabilities within a single overarching structure, they are increasingly used by high-net-worth individuals, family offices, and wealth managers seeking efficiency, control, and risk mitigation.
What Are PCCs and ICCs?
- Protected Cell Companies (PCCs)
A PCC is a single legal entity made up of a core and multiple “cells.” Each cell’s assets and liabilities are legally segregated from those of other cells, but the cells themselves do not have separate legal personality. - Incorporated Cell Companies (ICCs)
An ICC takes segregation one step further. Each cell within an ICC is a separate legal entity, with its own legal personality, board (if required), and ability to contract independently.
Typical use cases:
- Family offices:
Separate portfolios for different family members or generations while maintaining overall oversight. - Investment structuring:
Ring-fence high-risk and low-risk assets within distinct cells.
- Succession planning:
Facilitate orderly wealth transfer with clear asset separation and governance structures. - Philanthropic structures:
Manage charitable activities alongside private investments in dedicated cells.
