Foundations can be either Private foundations or Public (Purpose) foundations. Private foundations are constituted for the private benefit of one or more beneficiaries who must be certain at the time the foundation is created, or for persons forming part of a defined class. Private foundations can also be established for trading purposes in particular circumstances.
Foundations must be constituted through a notarial public deed inter vivos, or in the form of a will drawn up and received by a notary. It must be registered with the office of the Registrar for Legal Persons, however, limited information goes into the public domain.
How we do it
ARQ is fully licensed to act as Administrator of Foundations. We have a number of our professionals who are individually licensed for the same purpose, given that some clients prefer individual involvement and commitment. Our partner firms also include lawyers, accountants and other professionals who are experienced in offering specialist advice for optimal organisational design and development.Get in Touch