Fund Formation, Cayman Funds, Cayman Directors, Independent Directors, Crypto Funds, Cayman Corporate Services, Hedge Funds, Fund services, Fund Governance, Crypto Funds Advice, Fund Platforms, Crypto Fund Solutions, Company Formation, Registered Office, Capital Markets Services, Partnership Formations, Foundation Formation, Foundation Incorporation, Compliance & Regulatory Services, LLC Formation, Company Secretary, Investment Manager Formation, Liquidations, Fund Structuring, Cayman Fund and Corporate Services, Foundation Incorporation Cayman Islands, Partnership Registration Cayman Islands, Fund Formation Cayman Islands, Crypto Funds Cayman Islands, Hedge Funds Cayman Islands, Fund Governance Cayman Islands, CIMA Registered Directors Cayman Islands, Company Formation Cayman Islands, Registered Office Cayman Islands, Partnership Formations Cayman Islands, Cayman Compliance & Regulatory Services, Cayman LLC Formation, Cayman Investment Manager Formation, Liquidations Cayman Islands,

Foundation Formation

A foundation company can be used for private, commercial or philanthropic purposes. It has the well-known advantages of being a company and it is subject to long-established legislation.

Fund Formation, Cayman Funds, Cayman Directors, Independent Directors, Crypto Funds, Cayman Corporate Services, Hedge Funds, Fund services, Fund Governance, Crypto Funds Advice, Fund Platforms, Crypto Fund Solutions, Company Formation, Registered Office, Capital Markets Services, Partnership Formations, Foundation Formation, Foundation Incorporation, Compliance & Regulatory Services, LLC Formation, Company Secretary, Investment Manager Formation, Liquidations, Fund Structuring, Cayman Fund and Corporate Services, Foundation Incorporation Cayman Islands, Partnership Registration Cayman Islands, Fund Formation Cayman Islands, Crypto Funds Cayman Islands, Hedge Funds Cayman Islands, Fund Governance Cayman Islands, CIMA Registered Directors Cayman Islands, Company Formation Cayman Islands, Registered Office Cayman Islands, Partnership Formations Cayman Islands, Cayman Compliance & Regulatory Services, Cayman LLC Formation, Cayman Investment Manager Formation, Liquidations Cayman Islands,
Bell Rock Group – Cayman Fund, Corporate, Governance & Capital Markets Solutions

It has great flexibility with regard to objects, management, supervision and everything else, enabling it to be tailor-made  to the founder’s plan and circumstances. It has clear advantages over the trust, over the usual “not for profit” company, and over the foundation introduced in other offshore centres.

The incorporation process for a Foundation is the same as that for a traditional exempted company under the Companies Law other than as to certain additional requirements (and existing companies can be converted if they satisfy these same requirements) being that the company:

  1. Is limited by shares or by guarantee, with or without a share capital;

  2. Has a memorandum that:

    1. states that the company is a Foundation;

    2. generally or specifically describes its objects (which may, but need not be, beneficial to other persons);

    3. provides for to whom and how the surplus assets of the Foundation will be disposed of on its winding-up;

    4. prohibits dividends or other distributions of profits to its members or proposed members;

  3. has adopted articles; and

  4. has a secretary who is a qualified person (i.e. a person licensed or permitted under the Companies Management Act (Revision) to provide company management services, such as Bell Rock).

Bell Rock would be delighted to assist with the formation and on-going support for your Cayman Foundation, so please contact us to discuss.

Fund Formation, Cayman Funds, Cayman Directors, Independent Directors, Crypto Funds, Cayman Corporate Services, Hedge Funds, Fund services, Fund Governance, Crypto Funds Advice, Fund Platforms, Crypto Fund Solutions, Company Formation, Registered Office, Capital Markets Services, Partnership Formations, Foundation Formation, Foundation Incorporation, Compliance & Regulatory Services, LLC Formation, Company Secretary, Investment Manager Formation, Liquidations, Fund Structuring, Cayman Fund and Corporate Services, Foundation Incorporation Cayman Islands, Partnership Registration Cayman Islands, Fund Formation Cayman Islands, Crypto Funds Cayman Islands, Hedge Funds Cayman Islands, Fund Governance Cayman Islands, CIMA Registered Directors Cayman Islands, Company Formation Cayman Islands, Registered Office Cayman Islands, Partnership Formations Cayman Islands, Cayman Compliance & Regulatory Services, Cayman LLC Formation, Cayman Investment Manager Formation, Liquidations Cayman Islands,