Jersey - The Uses Of Jersey Foundations

Introduction

The purpose of this briefing note is to set out some of the benefits of Jersey foundations. A Jersey foundation is designed to blend the highly attractive features of both Jersey companies and Jersey trusts. They therefore provide Jersey with an additional vehicle for financial planning, wealth management and charitable purposes.

What is a Jersey foundation?

The Foundations (Jersey) Law 2009 came into force on 17 July 2009. As such, foundations are a relatively recent addition to the range of structures that Jersey can offer. They are a highly flexible vehicle and can be used for a variety of purposes. There are now well over 300 foundations registered in Jersey, and some have even been migrated to Jersey from jurisdictions such as Liechtenstein.