Offshore Foundation Overview

An offshore foundation can be established by a person or a corporation and is a logical consideration when planning one’s estate. Practically any category of assets can be entered as foundation assets, including investments, cash, insurance policies, art and property holdings.

A foundation - particularly an offshore foundation - provides individuals solid protection from the instability of one’s home country, as well as tax benefits that ensure one’s beneficiaries receive the maximum distributions possible. For corporations, foundations can consolidate worldwide assets into one location, protect employee investment plans or create a philanthropic arm of the company.

As long as no residents of your foundation’s offshore jurisdiction are named as beneficiaries, your foundation’s income and base assets remain tax-free within that jurisdiction.

If you’d like to know more about offshore foundations, contact us today.