Associate Director, Leevyn
Isabel answers our clients' most frequently asked questions
when comparing a foundation to a trust.
Foundations are established in the UAE to provide families with
a local solution to managing their wealth, protecting their assets
and for succession planning. However, foundations are often lesser
known than trusts. As a result, we are often asked what the
differences are between the two solutions. The table below answers
some of these key questions and can be used as a comparative guide
to help you evaluate which vehicle is most suitable for your
intentions.
| |
UAE foundation |
UAE trust |
| What is it? |
A foundation originates from civil law and is an independent
legal entity sharing features with both a corporation and a trust.
It is similar to a corporation as it is a legal entity that can
enter into contracts, can have bank accounts and can be used for a
wide range of investment. The foundation is similar to a trust in
that |
