Different Types of Foundations

Creating an offshore foundation requires that a Foundation Charter is drawn up, which names the Founder, the Council or administrators, and the Beneficiary (although multiple beneficiaries can be named). At this time, you will be asked to choose the type of foundation you will be establishing:

  • Corporate foundations allow more stability and better management of employee retirement funds and benefit plans.
  • A private foundation is an excellent financial tool for personal wealth management, estate planning, and asset protection.
  • Charity organizations largely depend on charitable foundations, which are a wonderful way to ensure your name lives on as you help those less fortunate.
  • Other philanthropic endeavors can also benefit from what are called special purpose foundations.

If you are interested in establishing an offshore foundation for your assets, please do not hesitate to contact us today. We not only assist you in the creation and management of your foundation, but we also can advise you on your best options and make informed recommendations.