This CIS provides for special structure offering security and flexibility. A PCC may be defined as a single legal structure with two distinct components, the core and the cells, and made up of non-cellular and cellular assets respectively. It enables segregation and protection of assets and liabilities for each cell, while enabling them to be hosted under one brand each particular cell has its own asset attributable to it, such that creditors of one cell cannot have recourse to the other cells’ assets. Investors are therefore protected from cross - liability. Also, it caters for investment entities with wide investment portfolios and with different types of investors. Asset holding, structured finance vehicles and foreign insurance business which includes captive insurance. There is no withholding tax on dividends, capital gains and interests. The processing fee is $ 1,000 which includes the first cell and $300 for each additional cell. The annual fee is pegged at $2,500 which includes the first cell and $500 for each additional cell.
The legal documents and proprietary details include: