Seychelles Foundation
A Foundation is a civil law concept, previously used for public and charitable purposes. Over a period of time, this concept has been extended to wealth management. The Foundation acts like a trust and functions like a company, effectively combining the best features of both.
When assets are endowed to the Foundation (by the Founder), they become the property of the Foundation with full legal and beneficial title. They are no longer considered to be the assets of the Founder. The beneficiaries of the Foundation have no legal rights to these assets and they cannot exercise any control over its decisions.
How can you use Foundation as an entity?
It is possible to use a foundation for private, charitable or a specific purpose. Else, it could be a combination of any. Some prominent usages of Foundations are for:
Estate Planning
Charitable and Cultural Purposes
Tax Incentives
Part of a structure to protect underlying assets / companies of a group
Asset Protection
Company Purposes
Tax Incentives
Staff welfare foundations where both employer and/or employees contribute
KEY FEATURES
Key Features Seychelles Foundation
| Duration of Foundation | Fixed or Indefinite period |
| Re-domiciliation | Permitted |
| Tax exemption in Seychelles | Income Tax, Capital Gains Tax, Withholding Tax, Inheritance Tax, Stamp Duty |
| Restrictions on Foundation/Trade |
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| Limitations |
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| Minimum initial assets required |
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| Constitutional document |
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| Registered agent | Yes |
| Registered office | Yes |
| Maintainance of books of accounts at the registered office | Required |
| Annual filing | Not required |
Seychelles Foundation Advantages
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Fully exempt from Tax &
Why US?
Abacus Seychelles has a priceless expertise in the designing and delivery of the right Foundation for individual needs. Sometimes, a Foundation works better when it is integrated with other tools such as IBCs or Seychelles licensed mutual funds. Abacus provides you solutions for your individual needs. Please get in touch with us. We would be happy to help!
Why Seychelles Foundation
The Seychelles Foundation is a separate legal entity (similar to a company) but with beneficiaries rather than shareholders (like a trust). The foundation acts like a trust and functions like a company. A Seychelles Foundation can be ideal in many cases, though it is not intended to engage in commercial activities on a daily basis. But the main advantage is that there are no restrictions on the trading activities of companies owned by the Foundation.
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