Alex Picot Trust Company Ltd offers a full foundation administration service which is tailored to the clients’ needs. A foundation can be an effective planning tool for private wealth, philanthropic purposes and asset ownership and protection and in some cases commercial purposes.
A foundation is an alternative to a common law trust, particularly where people may be more familiar with civil law. A foundation shares the characteristics of a trust in that it does not have shareholders but instead has a founder and beneficiaries. It also has its own legal personality and is run in accordance with its regulations, by a council as opposed to directors or trustees.