Jersey Incorporated Cell Companies are governed by the Companies (Jersey) Law, 1991.
An Incorporated Cell Company comprises the "core" and the "cells".
Each cell is a separate legal entity, a public or a private company and they are not deemed to be subsidiaries of the core. Each cell can enter into contracts under its own name and has its own Memorandum and Articles of Incorporation.
The name of the Incorporated Cell Company should include the words 'Incorporated Cell Company' or the letters 'ICC'. Similarly, the name of each cell should include the words 'Incorporated Cell' or the letters 'IC'.
Each cell is assessed separately for tax purposes.