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Wealth Management and Asset Protection: Guernsey Foundations Guide

By Lowtax Editorial

13 Jun, 2013

Foundations have long existed in civil law countries where the concept of an Anglo-Saxon trust is unfamiliar. But as competition for a larger slice of the global wealth management cake has intensified in recent years, several, mainly offshore, common law jurisdictions have incorporated foundations laws into their own suites of offshore legislation in order to attract new money from a rapidly increasing population of wealthy individuals and families in emerging economies such as China, Russia, and in Latin America. Guernsey is the latest jurisdiction to begin offering foundations, and is the focus of this feature.
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Tags: interest | charities | Finance | individuals | investment | Canada | Russia | China | Guernsey | Jersey | United Kingdom | standards | trusts | legislation | law | offshore | tax authority | services | financial services | fees | tax

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