Introduction to new asset protection vehicle FOUNDATION from Seychelles

1. ‘ F o u n dat i o n 2 0 1 0 ’
New Versatile vehicle from Seychelles
Seychelles announces a new hybrid offshore vehicle for investors looking for wealth protection, succession
planning, charitable/scientific or philanthropic purpose, holding of intellectual properties or forming tax
effective structures etc.
Distinctive elements of Foundation:
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• Re-domiciliation of foundation is permitted
• Consolidation and mergers between foundation is permitted Seychelles
• Enjoys statutory protection through anti forced heirship rules
• Management of the foundation can be retained by the founder Foundation,
The assets vested in foundation shall hold full legal and beneficial title
a right choice
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• Foundation is exempted from any taxes in Seychelles for a period of 20 years
Seychelles has Edge over other Foundations: of entity providing
• Initial capital of USD 1 is required to form foundation full flexibility
• Rights, powers and obligations of founder can be assigned
• Founder can reserve rights in the management of the foundation you were
• A founder can also be a sole beneficiary but another beneficiary should
be present at the time of founders death or legal incapacity looking for..
How Foundations are different from Trust:
• Consolidation and merger is possible while trust can not be merged
• Foundation is a corporate entity without beneficial ownership while a trust is not a corporate entity
• A Founder can reserve and assign rights, obligations and power in the charter while a Settlor does not enjoy these
privileges
• Foundation can be formed for indefinite period while trust is formed for limited period, i.e.100 years (except
charitable trust)
Foundation is a combination of Trusts and Companies, this entity is most suitable for HNI’s, Corporate,
Philanthropist, Universities, Charities etc. mainly focusing on retaining control of investment/management
portfolio. Should you wish to discuss the contents of this briefing in further detail please contact:-
contact:-
services@abacus-
services@abacus-offshore.com
Contact: services@abacus-offshore.com
Abacus (Seychelles) Limited, PO Box 931, Mont Fleuri, Mahe Seychelles, Ph: +248 610 780 Facsimilie: +248 610 781
www.abacus-offshore.com