A foundation in Seychelles is a legal entity established under the Seychelles Foundations Act of 2009. It holds assets in its name, separate from the founder, and is ideal for wealth management, asset protection, and estate planning.
Any individual or legal entity, regardless of nationality or residence, can establish a foundation. The founder does not need to be based in Seychelles.
Yes, the founder can be the beneficiary. However, they cannot be the sole beneficiary, and there must be other beneficiaries as well.
It is often used for wealth management, succession planning, charitable purposes, or holding international assets. It ensures long-term control over how your assets are managed and distributed.
Yes, you can transfer a foundation to another jurisdiction. Moreover, you can transfer your foundation to Seychelles from another jurisdiction, provided the laws of the country that houses your foundation allow such a transfer.
Seychelles law does not recognize such foreign heirship rules for offshore entities. This means an offshore Seychelles Foundation cannot be challenged or declared invalid just because another country’s inheritance law claims a right over the assets.
A council manages a foundation. It is similar to a company's board of directors. The council administers the foundation's assets and ensures meeting its objectives.