Offshore Foundations

Foundations are important wealth management and wealth preservation vehicles. They have become popular across the globe, especially in civil law jurisdictions where the concept of 'Anglo Saxon Trusts' is less well known.

A Foundation is a separate legal entity, without members or shareholders, and is generally established to reflect the wishes of the founder, who may be an individual or a corporate entity. These wishes are contained within the Foundation's Deed of Incorporation, Articles of Association and By-Laws. Foundations can be established for a fixed or indefinite period of time and can be used for charitable, commercial or for family purposes.

Jordans are able to establish Foundations in Jersey and the Seychelles. Jordans Trust Company has no conflicts of interest. Our officers always act in the best interests of the founders and the beneficiaries of the Foundation. We provide a high level of professional support.

Practical Uses of Foundations

• As a wealth planning vehicle for non-common law clients i.e. for clients based in Sharia and Napoleonic regimes.
• As an ownership vehicle for family trust companies
• As a wealth planning vehicle where founder wishes to retain significant powers over the Foundation and its assets.
• To by-pass foreign laws of compulsory succession in respect of valuable assets
• To own off-balance sheet SPV structures
  
  

Our services include:

- Acting as secretary and dealing with the Foundations statutory fillings

- Preparing council resolutions and advising on the legal procedures for meetings, resolutions and reorganisations

- Preparation of ad hoc documentation when required

- Obtaining statutory extracts from the Registry

- Providing statutory declarations and organising the notarisation of documents

- Dealing with changes to the constitution of the Foundation