{{ languageVal }}
  • English
 

Technical Publications

Cayman Islands Foundations

12 Jun 2014

This article first appeared in Volume 20 Issue 6 of Trusts & Trustees, published by Oxford Journals in June 2014.  A full copy of the article can be viewed here.

In this article, Tony Pursall and Richard Grasby review the Cayman Islands' plan to introduce the foundation as a new type of non-profit company.  It will share many of its features with regular companies and fit seamlessly into the Islands' legal regime.  Foundations may be established for commercial, charitable, philanthropic or private purposes, or any combination of them.  It is anticipated that foundations will have a wide range of uses such as special purpose vehicles in finance transactions, as private trust companies, as succession planning vehicles and for any purpose for which a trust is currently used.

Related Services

Legal Services

Access to market leading legal advice across a wide range of industries and sectors is paramount to the success of businesses seeking international expertise with local support. The Maples Group's legal services teams are globally coordinated, with consistent systems, policies and procedures across all offices, and connected by a common goal: to deliver the highest quality advice and solutions to our clients. Offering an extensive range of legal services, we advise financial, institutional, business and private clients on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg, delivering time zone convenience and accessibility from these and other leading key international financial centres. Through constructive dialogue and engagement with governments, regulators and industry associations, we have helped shape financial industry innovation and regulation in many of the jurisdictions in which we operate.

Trusts & Private Client

Advising on the laws of the BVI and the Cayman Islands, our global team of Trusts & Private Client lawyers advise some of the world's largest private businesses, individual private clients, institutional trustees and other fiduciary service providers on matters concerning all types of private wealth trusts, commercial trusts, estate planning structures, trusts and fiduciary arrangements and trust litigation.