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Foundations can used for charitable and non-charitable purposes, including wealth management and succession.

Foundations may be used for a variety of reasons, which may include:

  • Asset Protection
  • Charitable Purposes
  • Flexibility / Migration
  • Reservation of Powers
  • Succession Planning
  • Wealth Preservation

Sterling Trust Limited is licensed to act as Foundation services provider by the Isle of Man Financial Services Authority:

  • Foundation Establishment
  • Acting as Foundation Council
  • Acting as Registered Agent
  • Acting as Enforcer

A foundation can be designed for a specific purpose however, in contrast to a trust it need not have beneficiaries and unlike a company does not have shareholders. It also has its own legal personality and the ability to enter into contracts in its own right. A foundation is run, in accordance with its regulations, by a council as opposed to directors or trustees.

Among other things, this is designed to appeal to clients and practitioners in civil law jurisdictions.


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© 2024 Sterling is a Registered Business Name of Sterling Holdings Limited. Sterling Trust Limited is registered in the Isle of Man Number 72969C and is licensed by the Isle of Man Financial Services Authority.


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