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Best Jurisdictions for Foundations

If you are looking to set up an offshore foundation to hold and protect your assets we can assist you with this delicate affair. Elma Global and its global network of associated professionals can set up your foundation in a number of jurisdictions (Anguilla, Bahamas, Lichtenstein, Panama, Seychelles, and St. Kitts & Nevis). A foundation is a registered legal structure that has no designated beneficiary or owner. The foundation itself is the owner of its own shares. The main purposes of an offshore foundation are typically the following:

1.​ A foundation may hold fixed and/or liquid assets;

2.​ A foundation may own various property, shares, and equity in commercial companies;

3.​ A foundation may have a humanitarian, philanthropic, religious, educational or scientific purpose.

A private foundation is initially established to serve the interests of private individuals. This type of foundation is often used by corporate foundations or family foundations for the purpose of holding the corporation or family’s assets and making them grow. A private family or corporate foundation may nonetheless have a charitable or non-profit purpose.

Below you can find a brief comparison of the three most popular jurisdictions to set up an offshore foundation.

Liechtenstein Panama Seychelles
Initial capital requirement USD 30,000 USD 10,000 USD 1
Privacy Supervision by government Excellent. Founder can name Supervisory Board members. No supervision by state. Excellent. Founder has extensive control. No supervision by state.
Confidentiality Foundations articles have to be registered in Public Registry, including name of beneficiaries and founder. Beneficiaries and founders can remain anonymous. Beneficiary’s and future beneficiaries’ names do not have to be included in Foundation Charter.
Nationality requirements At least one member of the Council must be private person with Liechtenstein nationality. Several board members needed. One resident director needed. No nationality requirement for Founder/Councellor.
Capital/assets publication Original and added capital has to be published. Only basic foundation amount of USD 10,000 to be published. Only basic foundation amount of USD 1 to be published.
Capital transfer Has to be done before the registration of foundation. Added assets will always be public. Capital can be transferred after registration of foundation. Capital can be transferred after registration of foundation.
Appeal by creditors Creditors of founder can appeal against transfer of assets to foundation. Creditors can appeal against transfer until the third year of registration of foundation. If transfer takes place later, no appeal is possible. Creditors can appeal against transfer until the third year of registration of foundation. If transfer takes place later, no appeal is possible.
Appeal against inheritance provisions Possible if provisions violate laws of founder’s country of origin. No appeal possible because of foreign laws. No appeal possible because of foreign laws.
Language German is a must for official papers. Spanish translation of official papers needed. All paperwork can be done in English or French. If other language is used the translation is needed.

If you wish to use our legal assistance in incorporation and annual maintenance of offshore foundations do not hesitate to contact us today


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