Offshore Foundations, Private Interest Foundation
A foundation is a legal entity, with no members or shareholders. A foundation is established to reflect the wishes and requirements of the Founder, who may be an individual or a corporate entity.
The Founder`s wishes and requirements are found in the Foundation`s Deed of Incorporation, Articles of Association and By Laws.
Foundations can be established for a fixed or definite period of time and can be used for charitable, commercial or for family purposes.
Foundations are very important when structuring the ownership of family and corporate assets.
Practical Uses of Offshore Foundations:
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Substitute of the testament or will
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Provide for the educatioin, housing, maintenance or profit sharing of family members
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Protect family business and provide continuity to future generations
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Protect minors, disable personas and persons unable to administer their assets
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Administer payments, distribution of assets to family members
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Protect assets from high taxes, claims by creditors, political instability or forced heirships
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Operate bank accounts worldwide
Assets that can be help by an Offshore
Foundation:
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Bank deposits
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Investment portfolios
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Real and intellectual property
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Life assurance policies
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Shares and stocks in quoted and private companies
Jurisdictions:
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Austria
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Luxembourg
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Netherland Antilles
For more information about foundation set up please contact us
