For individuals and families from civil law countries where there is less familiarity with Trusts, a Foundation can be a very effective means of achieving the objectives of:
- asset protection;
- estate and succession planning;
- ownership of the shares of a Private Trust Company; and
- meeting charitable/philanthropic objectives.
As a distinct legal entity, a Foundation has no shareholders. It is an entity that holds assets in its own name for the purposes set out in its constitutive documents, and its administration and operation is carried out in accordance with its charter and with the relevant governing law.
Our Foundation services are available from our Abu Dhabi Global Markets, Geneva, Guernsey, Jersey, Luxembourg, Malta, Mauritius and Netherlands offices.
We request that our clients take appropriate tax advice.