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Form a Seychelles Foundation

7.900,00 $

Set up a Seychelles Foundation

A foundation is a nonprofit organization which is managed by the council members for a specific purpose and/or for the benefit of its beneficiaries. They are hybrid in nature, containing features of the corporation (legal personality) and the trust (created for a purpose or benefit).

Unlike a company, foundations have no shareholders, though they may have a board, an assembly, and voting members. Unlike a Trust, a Foundation has a legal personality on its own.

A foundation may hold assets in its own name for the purposes set out in its constitutive documents, and its administration and operation are carried out by the Council Members in accordance with the Foundation statutes or articles of association rather than fiduciary principles.

The Seychelles Foundations Act expressly provides for the Founder to reserve certain functions and rights to himself or another person such as directing investments, appointment and removal of protectors, councillors or beneficiaries and more. As a separate legal entity, this would not expose the Foundation to a “sham” argument or debate over “certainty” as it may with similar reserved powers to the settlor of a trust.

A Seychelles Foundation must have a minimum of $1 initial assets. Assets may originate from any lawful source (from the Founder or any third party) and consist of present or future assets of any nature.

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Description

Seychelles Foundation Formation and First-Year Fees – USD 7,900.00 (All Included)

Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the necessary services to incorporate and maintain a Seychelles Foundation, as well as government fees and duties, disbursements such as courier fees, and assignments such as the preparation of a certificate of incumbency, and the notarization and apostille of documents, which are generally required for opening bank accounts.

  • paying all applicable fees and duties to the Registrar of Foundations of Seychelles;
  • drafting and filing the Charter of the Foundation;
  • drafting the councillors’ acceptance letter;
  • drafting the Founder Resolution for the appointment of the first councillors;
  • drafting the First Resolution of the Councillors noting and resolving the formation of the foundation, appointment of councillors, adoption of regulations, appointment of registered office, etc;
  • providing the Certificate of Registration and stamped Foundation Charter;
  • drafting the Foundation Regulations;
  • drafting the Private Protectorate Agreement;
  • drafting notice of the location of accounting records, as required by law;
  • preparing the Register of Councillors, Register of Protectors and Supervisory Persons and Register of Registered Agents and Attorneys;
  • providing Registered Office service, including registered address, for one (1) year;
  • providing Registered Agent service for one (1) year;
  • safekeeping of registers, books and records for one (1) year;
  • providing certified true copies of the corporate documents;
  • posting the corporate documents to the client’s mailing address and settling courier fees; and
  • providing basic advice on standard corporate governance matters relating to statutory and regulatory obligations.

Nominee Services (Optional)

  • Nominee Founder (Natural Person/Corporation) – USD 3500.00 per annum
  • Nominee Council Member (Natural Person/Corporation) – USD 3600.00 p.a.

*If a Notarized General Power Of Attorney to be designated as attorney-in-fact is required, there is an additional one-time fee of USD 700.00 (Optional)

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