logo sawa

| |
Written by Admin_A

Seychelles – Private Foundation

User Rating: 5 / 5

Star ActiveStar ActiveStar ActiveStar ActiveStar Active
 

Private Foundation (also known as Family Foundation) – is an universal instrument for the protection of assets and tax planning, which allows families and businesses to structure and manage their funds long term on an advantageous tax basis. 

The Seychelles Private Foundation is an offshore foundation and also a legal entity separate from its creators, constituted through one sole donation or several donations that form an independent and autonomous estate for a definite purpose. A Foundation is a body corporate the combination of a corporation and a trust which has no owners (shareholders, members or partners) and has different aims for the benefit of group or a generality of persons.

For the first time Private Foundations appear in Lichtenstein in 1926 and are known as FamilyFoundation (Stiftung). The use of foundations for the management and protection of assets of old European families under the circumstances of world crisis, war and other cataclysms is a common practice in continental Europe.

For Corporate & Tax Law visit RESOURCES

Foreign Income Taxation – NIL   Beneficiaries Records – Not Required
Min Share Capital to be Paid Up – $10,000.00   Disclosure of Beneficiaries – Court Decision
Tax Treaties – No access   Documents Kept at Business Address – No special requirements
Delivery Time Frame – 20 working days            
  Annual Filing of Accounts Requirement – NO
Min № of Council Members – 1   Preparing of Accounts Requirement – NO
Local Council Member – Not required   Annual Audited Accounts Requirement – NO
Corporate Councilor Members – Allowed   Due Diligence Requirements: visit  RESOURCES
Min № of Beneficiaries – 1   FATF Black List - Not Listed
Public Register of Beneficiaries – NO  

INITIAL SET

- Foundation Registration Services

- Foundation Documentation Basic Set

First Year: EUR 1,700.00    

Second and Subsequent Years: EUR 900.00

order Now

ADVANCED SET

- Initial Set

- Nominee Council Members

- Power of Attorney with Apostille

First Year: EUR 2,150.00    

Second and Subsequent Years: EUR 1,350.00

order Now

SAVA Management Ltd

PREMIUM SET

- Advanced Set

- Nominee Founder

First Year: EUR 2,550.00    

Second and Subsequent Years: EUR 1,850.00

order Now

SAVA Management Ltd

SERVICES INCLUDED IN THE SETS:

Foundation Formation Services:

- Foundation Name Reservation

- Preparation of Incorporation Documents

- Application to the Registrar

Foundation Documentation Basic Set

- Certificate of Registration legalized by Apostille

- Foundation Charter legalized by Apostille

- Appointment of First Council

Nominee Council Services:

- Provision of Nominee Council Members

- Agreement/Declaration of Trust

- Provision of Power of Attorney

Business support Services

- Provision of Registered Address for one year

- Preparation and Application of Reports to the Registrar

SAVA Management Ltd