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ARTICLE · 20 MAY 2022

Guernsey Foundations

Carey Olsen
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The Foundations (Guernsey) Law, 2012 (the "Law") came into effect on 8 January 2013 providing for the establishment of Guernsey foundations from that date. This note is a summary of the Law.

GuernseyFinance and Banking
Russell Clark
Russell Clark
Natasha Kapp
Natasha Kapp
Konrad Friedlaender
Konrad Friedlaender
Laila Arstall
Laila Arstall
Patricia Montgomery
Patricia Montgomery
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The Foundations (Guernsey) Law, 2012 (the "Law") came into effect on 8 January 2013 providing for the establishment of Guernsey foundations from that date. This note is a summary of the Law.

CREATION

A foundation comes into being upon the founder endowing the foundation with its initial capital, subscribing his name to the Constitution of the foundation and registering the foundation with the Guernsey Registrar of Foundations.

The name of the foundation must contain the word "Foundation" or the abbreviation "Fdn.". Every foundation must have a registered office in Guernsey at all times and the name, address of the registered office must be included in all correspondence sent on behalf of the foundation, together with its registration number. With effect from 15 August 2017 a Guernsey foundation must also have a resident agent who is either an individual resident agent in Guernsey who is a foundation official or a Guernsey regulated corporate services provider.

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