FOUNDATIONS

A foundation may be used for charitable and non-charitable purposes including wealth management and succession.

Whilst neither a company or a trust - a foundation has similarities to both – an incorporated body that has a separate legal personality and can hold assets, transact business and litigate or be litigated in its own name.

A foundation can be designed for a specific purpose. In contrast to a trust it need not have beneficiaries and unlike a company does not have shareholders. However it cannot engage in commercial trading cannot hold or acquire immovable property unless specified in objects.

We can assist in the establishment in conjunction with professional advisors.

Provision of council members and the qualified member.

Full administration of the foundation assets in accordance with its purpose.

General record keeping.

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