Nedgroup Trust, through the Jersey and Guernsey office, provides services relating to the incorporation and administration of Jersey foundations. Neither a company nor a trust, a foundation has some similarities to both:
It is an incorporated body that has separate legal personality and can hold assets, transact business and sue or be sued in its own name.
A foundation can be designed for a specific purpose however, in contrast to a trust it need not have beneficiaries and unlike a company does not have shareholders. However, a Jersey foundation cannot acquire or hold Jersey immovable property and cannot engage in commercial trading unless specified in the objects.
We can assist with the provision of the following:
Tailored to suit your clients' needs