An overview of the rules and regulations for setting up a Foundation in key jurisdictions.
TMF Group’s Family Business Wealth team performed a benchmark comparison on Private Foundations within seven key jurisdictions, being:
- Cayman Islands
- Curacao
- Guernsey
- Isle of Man
- Jersey
- Liechtenstein
- Panama
Why set up a Foundation?
Just like a Trust, a Foundation has no shareholders, and can be used for various asset protection, wealth planning and privacy purposes, depending on the fiscal needs of the Founder and the Beneficiaries. Foundations are registered legal entities and as such give higher confidence to those entering into contractual relations with Foundations. As such, a Foundation is like a company, but also has features similar to a Trust, like flexibility and privacy.
Why TMF Group
Our family business wealth team is committed to delivering service excellence. We build long-term, trusted relationships with each of our clients.
Our family business wealth services leverage all of TMF Group’s global core capabilities.
- Unrivalled global team and footprint whilst being independent.
- Unrivalled multiple service offering to create unique solutions to meet the complex needs of our clients.
- Dedicated client relationship management that facilitates a personal and specialised service, to both clients and their professional advisers.
- Expertise of our people so we best serve our clients’ interests.
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