Bermuda Philanthropic Structures Continue To Grow In Popularity

With its well-respected regulatory regime and highly regarded professional services industry, Bermuda continues to be an ideal location for the creation of an international philanthropic or charitable structure. Companies and high net worth families and individuals will find a range of tax efficient, flexible vehicles available for the establishment of charitable or philanthropic entities.

Bermuda has seen an uptick in interest in the incorporation of tax efficient philanthropic structures. The objects of a Bermuda entity can be crafted, with input from onshore counsel, to suit onshore tax planning requirements.

A Bermuda-based charity may take the form of:

• a trust
• an unincorporated association