Guide To Guernsey Foundations – April 2013

1. INTRODUCTION

The Foundations (Guernsey) Law 2012 (the “Law”) came into force on 8 January 2013 and the Guernsey Registry has been accepting applications for registration since 9 January 2013.

This additional or alternative wealth management vehicle, and the structuring opportunities that accompany it, are likely to be of considerable interest to a wide variety of clients, in particular for those from civil law countries less familiar with trusts. It will also be of interest to those with existing foundations who are attracted to Guernsey’s G20 “white” list status and excellent wealth management reputation and who are looking to migrate their existing foundations from less well regulated or less convenient jurisdictions.