2019 marks the tenth anniversary of Jersey foundations, the
Foundations (Jersey) Law 2009 (the "Foundations Law")
having come into force in July 2009. When the Island first
introduced the Foundations Law, uptake of the entity, which is
similar to both a company and a trust in some respects, was
relatively slow. However, the new product soon began to gain
traction in the private client world and, a decade on, Jersey
currently has over 200 active foundations – more than double
the number of active foundations in both Guernsey and the Isle of
Man combined.
What is a Jersey foundation?
A Jersey law foundation has been described as a 'hybrid of a
trust and a company' or alternatively as an 'incorporated
trust structure'.
