Registration of private foundations

How to register a private foundation correctly

A private foundation is designed to preserve, manage and inherit various assets, shares, real and personal property, family capital and other valuables. Also, the fund can be part of a holding and ensure the property interests of a circle of persons for a certain period of time. If you are thinking about registering a private foundation and want to get it right, you should seek the help of qualified professionals. And today's guide will show you why.  For how Crystal Tax sets up a trust or trust fund turnkey, including the Ukrainian tax side, see the service page.

Registration of private foundations: advantages and features

Before registering a fund, you should learn about its benefits and features in order to make an informed decision:

• The foundation is registered in the country where it is established. The status of a legal entity and legislative regulation of activities makes it more understandable for most states. 
• The fund has no shareholders or owners. Ownership and management of assets. as well as relationships with third parties, comes on behalf of the fund. But administration still takes place and those responsible for it are chosen during the council appointed by the founders. 
• If the founder decides to transfer assets or property to the foundation, he ceases to be their owner. And accordingly, he cannot make decisions about how to dispose of it in the future. 
• Full confidentiality about the beneficiaries, the size and methods of distribution of income and the management system. No third party can access it. 
• The property of the foundation cannot be used to pay the debts of the founder or beneficiary.

• The Foundation cannot carry out regular commercial activities on its own. 

And under certain conditions, funds registered in an offshore zone are characterized by the absence of taxation. But the registration process requires not only time, but also specialized knowledge. That is why in this matter it is better to call for the help of experienced specialists. 

How to register a private foundation

Funds are a flexible legal instrument. But much depends on the constituent and internal regulatory documents of the fund. Therefore, the institution in each case requires an individual legal approach. Many entrepreneurs choose to open funds in the jurisdictions of Liechtenstein, Nevis, Panama, the Netherlands, because they have a very convenient taxation system. 

And the help of qualified specialists allows you to do everything right in compliance with local law and guarantee the interests of the founder of the fund and its beneficiaries. A lawyer allows you to take into account the tax and financial risks associated with the laws of the countries of residence of the beneficiaries of the fund, and prevent them. If you are looking for just such a result, contact CRYSTALTAX.

Our company offers you the help of a whole team of professionals, consisting of experienced lawyers, financiers and accountants who will do everything right without involving you in the process, and thus save your time, nerves and energy for more pleasant things. If this is exactly what you want, make an appointment and we will help you register a private fund correctly for its successful operation without risks and problems!