Offshore Foundation
incorporate your own offshore foundation today!
combine your offshore foundation
with nominee service, virtual office and bank account
quick, easy, affordable
The word foundation is generally perceived as a charitable or non-profit making organization. In fact only a small percentage of all foundations are charitable. Most foundations are set up for the protection of the founders' assets and as a tax benefit.
The actual legalities of a foundation determine that there is no obligation to be a charitable organisation. The speciality of a foundation is that it has no actual owners but only a board of officers. This fact seems to be a minor juridical issue but actually it is of utmost importance. Once assets have been placed into the foundation the founder does not legally own them or have a requirement to declare them. Neither does he own the foundation. This is of particular interest in cases of bankruptcy, divorce or third party claims. All types of assets can be owned by a foundation such as bonds, stocks, real estate and even patents or rights. Using a regular company structure there would always be a beneficial owner in the background and relatives or third parties could be informed about this. With a foundation there is legally no owner and even if somebody should be aware of a connection between the founder and the foundation , they cannot access the property of the foundation. Due to the fact that a foundation is a corporate body it allows for easy controlling. The term of the foundation is unlimited and certain requirements or specifications may be fixed in the articles. These specifications cannot be altered or revoked at any time, even after the death of the founder. This ensures that the founders funds are only ever granted to whom he states.
A foundation is not formed in order to conduct business. It is made to manage and protect it's own assets. However it is a very common and useful structure to have a foundation as owner of an offshore corporation. The profit of the corporation is regularly transferred to the foundation but should a bankruptcy of the corporation occur, it would not affect the foundation at all.
advantages in forming a foundation through Coldwell:
- the Founder can transfer assets into the foundation and legally declare he does not own them
- no assets that belong to the foundation can be seized
- potential inheritors cannot make claims against the foundation
- offshore foundations are exempt from taxation
- foundations are not required to be charitable or non-profit making organizations
- registration of a foundation including:
- name check
- preparation of memorandum
- preparation of articles
- preparation of registration forms
- handling the filing and registration with notary and government offices
- notarial certification
- payment of filing fees
- premium binder including:
- all registration certificates
- minutes of board meetings
- resolution to open a bank account
- resolution to rent an office
- resolution to appoint a company lawyer
- resolution to appoint an accountant
- employment agreement
- employee nondisclosure agreement
- employee invention agreement
- power of attorney
- sample letterhead
- sales contracts
- register of directors
- CD-rom with business forms and templates
Your order is important to us and we guarantee professional services.
Incorporate your business license quick, easy, affordable.
If you experience problems opening the order form,
please call customer support at +44 20 7117 0 700.
You can add the following services to your foundation:
| apostille as Hague convention 5 October 1961 | 90,- Euro |
| certificate of incumbency | 90,- Euro |
Information:
An apostille confirms the certificates are true and authentic. The certificate of incumbency summarises all company details. Your new company will be fully operational without the above two documents. For bank account applications however both documents are mandatory. We recommend ordering them together with the company formation to avoid delays and additional costs.
| nominee service through lawyers | 490,- Euro |
Information:
For the highest level of privacy protection we offer a lawyer to form the company on your behalf. That prevents your personal details from being released to the authorities at any time. Once incorporated the lawyer hands the full and sole control over to you. As a result you have utmost confidentiality together with the entire control.
| 1 year standard virtual office | 190,- Euro |
| 1 year professional virtual office | 990,- Euro |
Information:
Both virtual office services include a prestigious address with phone and fax numbers. The standard Edition will direct calls to an answer machine with your company greeting and recorded messages are then sent via Email. The professional Edition includes permanent live call forwarding to any number world wide.
| offshore banking, Belize | 490,- Euro |
| offshore banking, Cyprus | 490,- Euro |
| offshore banking, Dominica | 490,- Euro |
| offshore banking, Dubai | 490,- Euro |
| offshore banking, Isle of Man | 490,- Euro |
| offshore banking, Latvia | 490,- Euro |
| offshore banking, Panama | 490,- Euro |
| offshore banking, Seychelles | 490,- Euro |
| offshore banking, St. Kitts | 490,- Euro |
| offshore banking, Switzerland | 490,- Euro |
Information:
Our account opening service offshore Banking offers feature rich business checking accounts. The accounts offer internet banking, multi currency services, cheques and a VISA card with a daily limit of 10.000,- Euro to withdraw cash at any ATM worldwide. There is no check on your credit history. Offshore banks offer the highest level of privacy protection and are tax free.
| company renewal | 1.800,- Euro |
| incl. maintenance | o |
| incl. registered office | o |
| incl. registered agent | o |
Contact us
We are always glad to receive your phone call. Our team of experts are on hand to answer any questions you may have, free of charge and without obligation. So don't hesitate to contact us.
Office hours: Monday to Friday (UK time)9.00 am to 12.00 noon and 1.00 pm to 6.00 pm Phone: +44 20 7117 0 700
It is currently in London
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