Foundations

Foundations can be established in many countries. Foundations are a separate legal entity which has no members or shareholders. The founder can be either a corporate entity or an individual. It can be used for commercial, charitable, pension funds or family purposes always reflecting the wishes of the founder. It can be established either for a fixed or undefined period of time. Especially when dealing with family and corporate assets, foundations are a very important.

By establishing an offshore Foundation in the appropriate offshore jurisdiction, the residents who do not receive benefits from the Foundations will not be applicable to any local taxation either on assets or income. Hence, choosing the appropriate jurisdiction is an important task and often a complicate one. NCI Law Group can offer you professional advice on choosing the suitable offshore jurisdiction that is best for you, serves your interest and help you to establish it.