Switzerland is considered one of the best offshore entities to constitute a charity, as it has well-defined laws and an excellent reputation worldwide.

Foster Swiss is a Swiss registered international financial consultancy aimed at providing financial and compliance advice on a variety of issues related to business formation and commercial banking internationally.

Among its services, Foster Swiss offers the creation of complex corporate structures, patrimonial companies such as Foundations.

Benefits offered by creating a Foundation

A charity aims to safeguard personal and corporate assets.

In Switzerland, depending on the type of foundation, once approved and authorized, it may be exempt from taxes.

How to set up a Swiss foundation (private and charitable foundations)?

A Swiss foundation can be registered with a minimum capitalization of 20,000 Swiss francs, which can take the form of cash or other types of assets.

The foundation is run by a Board, with the requirement of having at least one Board member in Switzerland.

Furthermore, it is possible to apply for charitable status at the Swiss tax office, as long as the foundation is a non-profit organization and finances humanitarian, health, ecological, educational, scientific or cultural activities and projects.

Although the foundation may be managed by a single board member, it is customary to appoint a minimum of three members. According to Swiss law, at least one of them must live in Switzerland.

For more information on this issue or any requirement related to our services, you can leave us a message in the comments section or contact us directly through info@fosterswiss.com