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St Vincent & the Grenadines

Segregated Cell Companies

Segregated Cell Companies

Segregated Cell Companies may be registered in SVG where, inter alia, it is, or on its incorporation will be, recognized as an accredited or private fund or registered as a public fund or may obtain an international insurance licence – (Section 112 (2) (c) of the IBC Act).

The SCC may create one or more Segregated Cells (SC) for the purpose of segregating the assets and liabilities of the SCC. The assets of the SCs are segregated into separate accounts that are kept separate from the general assets of the SCC and separate books are kept for each SC. The SCC must obtain the approval of the Authority in order to create a SC. SCCs are registered in SVG within 24 hrs.

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Segregated Cell Companies