Establishing a Swiss Foundation: Key Considerations
A Swiss foundation is a legal entity that holds assets intended for specific purposes. This entity is recognized by Swiss law and operates independently of its founder, with its own legal capacity. The foundation's purpose can range from charitable work to managing assets for other long-term objectives https://goldblum.ch/knowledgeb....ase/establishing-a-s .
To establish a foundation in Switzerland, the founder—whether an individual, legal entity, or even an international organization—must set it up through a public deed or testamentary disposition. Founders decide on the foundation's governance and objectives, but the foundation itself lacks members or shareholders. Instead, it serves the interests of its designated beneficiaries.
One of the key advantages of a Swiss foundation is its stability and long-term operational scope. This makes it an attractive option for individuals or organizations that wish to ensure the continued fulfillment of their philanthropic or organizational goals, often with a focus on charity, education, or scientific research. Foundations in Switzerland are subject to strict legal regulations, ensuring that their operations align with their stated purposes.
The structure of a Swiss foundation includes organs that manage its day-to-day operations, such as a board of directors, and a registered address. Despite lacking traditional ownership structures like those in corporations, the foundation remains accountable to its beneficiaries, ensuring that the assets are used exclusively for the intended purpose.
Switzerland’s legal framework for foundations provides both transparency and protection, making it an ideal jurisdiction for those looking to establish a foundation with a global reach or focus. The country's robust legal system offers certainty and security, which is especially important for those looking to establish long-term assets, such as in charitable endowments or for the management of private wealth.
In summary, establishing a Swiss foundation offers numerous benefits, including autonomy, a solid legal framework, and the ability to pursue specific long-term objectives, particularly those related to public good.
