Foundation
The foundation - a perfect instrument for asset protection.
The word foundation is generally automatically perceived as a charitable or non-profit making organization. In fact only a small percentage of all foundations are charitable. Most foundations are set up for the protection of the founders' assets and as a tax benefit.
The actual legalities of a foundation determine that there is no obligation to be a charitable organisation. The speciality of a foundation is that it has no actual owners but only a board of officers. This fact seems to be a minor juridical issue but actually it is of utmost importance. Once assets have been placed into the foundation the founder does not legally own them or have a requirement to declare them. Neither does he own the foundation. This is of particular interest in cases of bankruptcy, divorce or third party claims. All types of assets can be owned by a foundation such as bonds, stocks, real estate and even patents or rights. Using a regular company structure there would always be a beneficial owner in the background and relatives or third parties could be informed about this. With a foundation there is legally no owner and even if somebody should be aware of a connection between the founder and the foundation , they can not access the property of the foundation. Due to the fact that a foundation is a corporate body it allows for easy controlling. The term of the foundation is unlimited and certain requirements or specifications may be fixed in the articles. These specifications can not be altered or revoked at any time, even after the death of the founder. This ensures that the founders funds are only ever granted to whom he states.
A foundation is not formed in order to conduct business. It is made to manage and protect it's own assets. However it is a very common and useful structure to have a foundation as owner of an offshore corporation. The profit of the corporation is regularly transferred to the foundation but should a bankruptcy of the corporation occur, it would not affect the foundation at all.
Advantages in forming a foundation
 The Founder can transfer assets into the foundation and legally declare he does not own them |
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No assets that belong to the foundation can be seized |
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Potential inheritors can not make claims against the foundation |
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foundations are free from taxation |
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foundations are not required to be charitable or non-profit making organizations |
The registration of a foundation is based on the following fees:
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formation of a foundation including: |
2.900,- Euro
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name check
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preparation of memorandum |
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preparation of articles |
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preparation of registration forms |
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filing with the registrar of companies |
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payment of filing fees |
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certificate of incorporation |
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share certificates |
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premium binder with all certificates |
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minutes of board meetings |
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resolution to open a bank account
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resolution to rent an office |
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resolution to appoint a company lawyer |
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resolution to appoint an accountant |
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employment agreement |
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employee nondisclosure agreement |
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employee invention agreement |
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unlimited power of attorney |
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limited power of attorney
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sales contracts
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register of directors
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register of shareholders
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CD-rom with business forms and templates |
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shipping |
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| Fees foundation |
2.900,- Euro
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If you experience problems opening the order form,
please call customer support at .
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You can add the following services to your foundation:
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| optional | additional services |
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premium binder with all certificates |
included
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nominee service through lawyers |
490,- Euro
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Information:
For the highest level of privacy protection we offer a lawyer as nominee director who issues a power of attorney for you. This ensures that your personal information is not submitted to any authority. Only lawyers are able to provide this level of protection. Watch out when comparing with other offers.
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| optional | virtual offices |
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standard virtual office at a reduced rate per year |
190,- Euro
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professional virtual office at a reduced rate per year |
990,- Euro
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Information:
Both virtual office services include a prestigious address with phone and fax numbers. The standard Edition will direct calls to an answer machine with your company greeting and recorded messages are then sent via Email. The professional Edition includes permanent live call forwarding to any number world wide.
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| optional | bank account |
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offshore Banking, Europe, Latvia |
290,- Euro
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offshore Banking, Europe, Isle of Man |
290,- Euro
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offshore Banking, Europe, Cyprus |
290,- Euro
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offshore Banking, St. Kitts |
290,- Euro
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offshore Banking, Seychelles |
290,- Euro
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Information:
Our account opening service offshore Banking offers feature rich business checking accounts. The accounts offer multi currency service, phone banking, internet banking, cheques, ATM- and credit cards. There is no check on your credit history. Offshore banks offer the highest level of privacy protection and are tax free.
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| optional | add-ons |
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creation of a company logo |
49,- Euro
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company rubber stamp |
49,- Euro
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company seal |
49,- Euro
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company name plate |
49,- Euro
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| Recurring fees from 2nd year on |
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renewal |
1.900,- Euro
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incl. maintenance |
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incl. registered office |
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incl. registered agent |
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incl. offshore flat tax |
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You have further questions?
Our consultants will be pleased to assist you!
Whitherspoon, Seymour & Robinson Corp.
Division United Kingdom
Customer Care Center
United Kingdom
Office hours: Monday to Friday (UK time)
9.00 am to 12.00 noon and 1.00 pm to 6.00 pm
Phone:
Fax:
For new enquiries please use the contactform or .
Existing clients can best reach us through the online support.
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