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Formation of foundations

A foundation is a legal entity with its own assets. It is suitable for non-profit purposes as well as for the support of specific families and individuals. It was amended in 2009 and corresponds to international standards.

The benefactor basically has free choice of the purpose of the foundation. The benefactor is free to pursue non-profit or private purposes and to set up the foundation to provide for his or her own family members, for example. The benefactor must define at least the basic outline of the purpose of the foundation and the group of beneficiaries in the foundation documents. This task may not be left up to the board of the foundation. This is intended to strengthen the benefactor's responsibility for his or her foundation.

We perform this service in complete confidence. This means that the registration authority does not know who is behind the foundation. The benefactor is personally entitled to all benefactor rights he or she has reserved. The benefactor rights are non-transferrable and non-heritable. There is no impairment of the confidentiality associated with this as the identity of the benefactor does not have to be made public. The benefactor can exercise his or her rights in relation to third parties through the trustee.

Non-profit foundations are subject to the supervision of a newly-established foundations supervisory authority. In addition, they must also engage auditors to check whether the foundation's asset management is conscientiously pursuing the foundation's intended purpose.

The benefactor can be a part of the board and/or be a beneficiary.