Seychelles Private Interest Foundations

We specialize in assisting clients with the establishment of Private Interest Foundations in Seychelles. Our company is well-equipped to provide a wide range of services to facilitate the smooth and efficient setup of your foundation.

What is a Seychelles Private Interest Foundation?

A Seychelles Private Interest Foundation is a legal entity that is created by a founder and offers individuals and businesses a flexible and secure structure for managing and protecting assets such as real estate, intellectual property, financial investments, and other valuable assets.

The foundation does not have shareholders or members

What are the Advantages of a Seychelles Private Interest Foundation?

Seychelles Private Interest Foundation offers several advantages that make it attractive. Here are some of the key advantages:

• The cost of maintaining a Seychelles Private Interest Foundation is affordable and cost-effective for long-term asset management and protection.
• There is no minimum capital requirement for establishing a Seychelles Private Interest Foundation. This flexibility allows individuals and businesses to tailor the foundation's structure to their specific needs and financial capabilities.
• The foundation can be established remotely, without the need for the founder or beneficiaries to be physically present in Seychelles.
• A Seychelles Private Interest Foundation can be established by any person or legal entity from anywhere in the world.
• Unlike some other jurisdictions, Seychelles does not impose auditing requirements on Private Interest Foundations. This relieves the foundation from the burden and cost of mandatory audits, enhancing privacy and reducing administrative obligations.
• The foundation provides a strong layer of asset protection, separating personal and business assets from potential risks and liabilities. This can be particularly beneficial for individuals looking to safeguard their wealth and protect it from legal claims or creditor actions.
• Seychelles maintains a high level of confidentiality and privacy for the operations and beneficiaries of Private Interest Foundations. The Foundation Charter and Regulations are not available to the public, ensuring the confidentiality of the foundation's affairs.
• A Seychelles Private Interest Foundation offers flexible estate planning options, allowing individuals to structure the distribution of assets according to their wishes. It provides a reliable vehicle for wealth management, ensuring the orderly transfer of assets to future generations.

These advantages, coupled with the reputable legal framework and regulatory environment of Seychelles, make the Seychelles Private Interest Foundation an appealing choice for individuals and businesses seeking secure and confidential asset protection and wealth management solutions.

What’s the legislation for the Seychelles Private Interest Foundations?

The legislation governing Seychelles Private Interest Foundations is the Seychelles Foundations Act of 2009. This Act sets out the rules and regulations regarding the formation, administration, and dissolution of foundations, as well as the rights and responsibilities of founders, council members, beneficiaries, and other parties involved in the foundation structure.

What is the purpose of a Private Interest Foundation?

The primary purpose of a Private Interest Foundation is to manage and administer assets and income for the benefit of its beneficiaries. The foundation can be established for various purposes, including charitable, non-charitable, or a combination of both.

Do I get a registered agent and office address when establishing a Seychelles Private Interest Foundation?

Having a registered office address and a registered agent in Seychelles is a requirement for establishing a Seychelles Private Interest Foundation. Our packages include this service.

We also offer Seychelles mail forwarding services, also known as a virtual office address

Who makes up a Seychelles Private Interest Foundation?

A Seychelles Private Interest Foundation consists of several key components: a Founder, Foundation Council, Protector and Beneficiaries.

What is a Founder?

The founder is the person or legal entity that establishes the foundation and may be a resident of any country. The founder determines the initial assets and purpose of the foundation, as well as the provisions for the administration and distribution of assets.

A minimum of one founder needs to be appointed, and they may be a member of the Foundation Council. Once the foundation council has two or more members the founder cannot be the only councilor.

In order to provide an additional layer of privacy and confidentiality, our company offers nominee services.

What is a Protector?

The role of the Protector is optional but can provide additional oversight and protection for the foundation. The Protector is appointed by the founder and may be a resident of any country. They can also hold a position on the foundation council.

The protector's primary duty is to ensure that the foundation is being managed in accordance with the founder's wishes. The protector has the power to supervise the actions of the foundation council and can intervene if there is any violation or deviation from the foundation's objectives.

Who can be appointed as the Beneficiary?

The beneficiaries are the individuals or entities that are designated to benefit from the assets and income of the foundation. Your children, spouse, family members or a legal entity can be the beneficiary.

If a founder is appointed as the beneficiary they cannot be the sole beneficiary.

Are there any accounting and Audit Requirements?

There are no specific audit requirements for a Private Interest Foundation. However, it is important to note that accounting records must be maintained for the foundation. The scans of these accounting records are required to be kept at the office of the registered agent in Seychelles.

While auditing may not be mandatory, it is still advisable to maintain accurate and up-to-date accounting records to ensure proper financial management

How long does a Foundation take to establish?

It's important to note that foundation resolutions prepared by the registered agent need to be signed with an original signature and sent via courier to the registered agent in Seychelles in order to fully establish the foundation.

Once the signed documents have been received it takes approximately 5 to 6 business days to register the foundation, and an additional 2 to 3 business days for the preparation of the internal documents.

Once the documents are ready for shipment we provide scans via email, and thereafter the originals are sent via courier.