Offshore Foundations
Offshore foundations, also known as Private Foundations have qualities of both a company and a trust. Offshore foundations are legal entities that do not have members or shareholders.
Private foundations are used for charitable purposes, succession and estate planning. It is common for private foundations to be the holding entities of offshore companies set up to carry out different activities.
The activities carried out by Foundations may include, but are not limited to:
- Charitable purposes
- Asset protection and management
- Wealth protection
- Inheritance planning
- Pension funds
- To receive and manage capital
- To minimize capital gains and estate taxes
- To avoid forced heirship rules
Foundations are not allowed to hold interest on property where the foundation is located. However, Foundations are allowed to hold assets such as:
- Stocks/bonds
- Real estate
- Immovable property
- Bank assets
- Investment portfolios
Offshore foundations can be set up in the following jurisdictions:
- Austria
- Bahamas
- Liechtenstein
- Luxembourg
- Netherland Antilles
- Seychelles
- Nevis
- Panama
- Saint Kitts
If you have questions about Offshore Foundations please contact us.