The Seychelles’ Foundation Act 2009
- enacted in late December 2009, heavily includes the best provisions found in other foundation jurisdictions such as Liechtenstein and Panama, but includes its own unique features like more clarity on legal issues, stronger asset protection and more flexibility.
The Seychelles Private Interest Foundation (PIF) can be considered the latest way to protect your assets and plan your taxes. It is a highly attractive foundation for people whose major focus is on tax minimization and asset protection.
A Seychelles Foundation is a separate legal entity (like a company), but with beneficiaries instead of shareholders (similar to a trust). The foundation essentially functions like a company but acts like a trust. When the founder endows assets...