A declaration signed by the Founder (or his agent)
Posted: Wed Feb 19, 2025 10:33 am
The use of disenfranchised Beneficiaries may be attractive for family arrangements where there is a desire to protect the younger generation from the potentially corrosive effects of the knowledge of substantial wealth. Once the reason for a disenfranchised Beneficiary’s classification, such as age, disappears, they may then become an enfranchised Beneficiary.
Registration
A Foundation comes into being on registration of its statutory documents with the Registrar.
In order to register a Foundation the following documents and information need malta mobile database to be provided:
The Charter
The names and addresses of the proposed Councillors and their consents to act
The name and address of the proposed Guardian (if any), and his consent to act
The address and telephone number of the registered office of the Foundation in Guernsey
The registration fee
Provided that the name is not unlawful or already taken and the Purpose is not contrary to the Law of Guernsey, the Foundation will then be registered, and given a number and a Certificate of Registration.
At this point the Foundation becomes a legal entity separate from its Founder, the foundation officials (the Councillors and any Guardian), or Beneficiaries. The Registrar has discretion regarding whether or not a Foundation will be subject to an annual renewal process and, like a company, a Foundation can have perpetual existence.
Registration
A Foundation comes into being on registration of its statutory documents with the Registrar.
In order to register a Foundation the following documents and information need malta mobile database to be provided:
The Charter
The names and addresses of the proposed Councillors and their consents to act
The name and address of the proposed Guardian (if any), and his consent to act
The address and telephone number of the registered office of the Foundation in Guernsey
The registration fee
Provided that the name is not unlawful or already taken and the Purpose is not contrary to the Law of Guernsey, the Foundation will then be registered, and given a number and a Certificate of Registration.
At this point the Foundation becomes a legal entity separate from its Founder, the foundation officials (the Councillors and any Guardian), or Beneficiaries. The Registrar has discretion regarding whether or not a Foundation will be subject to an annual renewal process and, like a company, a Foundation can have perpetual existence.