Protected Cell Company

Protected Cell Company

Private Company Public Company Special Purpose Company General Partnership Limited Partnership Limited Liability Partnership Non-profit Incorporated Organisation Recognised Company Recognised General Partnership Recognised Limited Partnership Recognised Limited Liability Partnership Investment companies Protected Cell Company Restricted Scope Company Foundations

PLEASE, PAY YOUR ATTENTION TO THE FOLLOWING: Due to the absence of the legal framework of Protected Cell Companies in the Tax Code of the Republic of Kazakhstan, the registration of Protected Cell Companies is temporary suspended until relevant amendments to the Tax Code are adopted or AFSA further notice is issued. More detailed information can be found here.

Protected Cell Companies are privately or publicly owned type of the Company. A Protected Cell Company is a special type of vehicles created for the purpose of carrying certain financial services. It can only be used for the sole purpose of conducting insurance business or a fund.

  1. A Company shall not be incorporated as, or operate as, a Protected Cell Company, and an existing company shall not be converted into, or operate as, a Protected Cell Company, unless: (a) the Company is formed, and will operate, for the main purpose of conducting business which Protected Cell Companies are expressly permitted to be formed and operated for under Legislation Administered by the AFSA; and (b) the AFSA has given its prior written consent.
  2. Protected Cell Company to permit an Investment Company to be managed by 1 Director, which may be a Body Corporate.
  3. A Protected Cell Company is prescribed as a type of Company (Private or Public);
  4. A Protected Cell Company must, ensure that, whenever it uses its name, the name is immediately followed by the words 'Protected Cell Company' or the abbreviation 'PCC'.
  5. A Protected Cell Company is a single legal person and the creation by a Protected Cell Company of a cell does not create, in respect of that cell, a legal person separate from the Company.
  6. Each Cell of a Protected Cell Company shall have its own distinct name or designation.
  7. A Protected Cell Company may, in respect of any of its Cells, create and issue Cell Shares. The Cell Share Capital shall be comprised in the Cellular Assets attributable to the Cell in respect of which the Cell Shares were issued.
  8. A Protected Cell Company may pay Cellular Dividends in respect of Cell Shares.
  9. Registration fee 300 USD.