Foundations

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.

---