Foundations

Our subsidiary, Juristrust, is perfectly placed to assist you with your foundation requirements or queries.

About Foundations

Foundations have been around for many centuries particularly in European civil law jurisdiction. There are currently several hundred thousand foundations in Europe, most being philanthropic and more than half of which have been established since the 1950’s. Together they hold more than 200 billion Euros.

The use of Foundations is principally for private wealth management and charitable purposes and to a lesser extent they are used in commercial transactions.

If you would like to know more, this article by Phil Games gives details and scenarios where a foundation would be useful: Foundations and their practical application in the Isle of Man.

We have also created a comparison of foundations in six off-shore jurisdictions: Comparison of Foundations.

The Simcocks Private Client team has a great deal of experience and knowledge in the use of foundations and Juristrust provides services for the establishment and operation of foundations in the Isle of Man. Contact Phil Games, email enquiries@simcocks.com or call us on +44 1624 690300.