A Foundation is a distinct legal entity commonly used in civil-law jurisdictions and differs fundamentally from traditional corporate structures because it has no owners or shareholders. Once established, it becomes an independent entity that holds and protects assets in its own name, providing long-term security, privacy, and continuity.

Foundations are powerful tools for international tax planning and succession structuring. The founder defines how the Foundation is governed, who the beneficiaries are, and how assets should be managed both during their lifetime and after. Governance typically includes a founder, council members, a protector, and designated beneficiaries. A “Letter of Wishes” may also guide the long-term administration of assets, ensuring the founder’s intentions are respected with clarity.

A Foundation can serve several strategic purposes, including holding shares of underlying companies for asset protection, consolidating wealth across jurisdictions, and enabling seamless generational transfers without navigating multiple probate processes. These features make Foundations particularly valuable for individuals with diverse international holdings.

At Freemont, we offer Foundation formation services in key jurisdictions such as DIFC, ADGM, Curaçao (SPF), and Panama, supported by full administrative assistance, including bank account setup, accounting, IFRS reporting, and ongoing management.