When planning any new offshore structure as a first step clients must take competent tax and legal advice in their jurisdictions of residence, citizenship and domicile. Other issues to be considered in connection with a foundation include:

• The assets to be transferred into the foundation
• The composition of the foundation council
• Any special provisions in the foundation regulations
• The practicalities of foundation administration

Zetland will work with a client’s advisers and give suggestions as to the structuring of a foundation and subsequent operations.