Foundations and EBTs.
Artemis facilitates the establishment, provision and administration of Guernsey Foundations and Employee Benefit Trusts, with significant experience in trustee services and employment-incentive arrangements.
Foundations
A foundation is a corporate entity with characteristics of both a company and a trust, making it recognisable in civil-law jurisdictions and an attractive option for succession and estate planning.
Foundations have no shareholders; assets are held for the benefit of beneficiaries or for a specified purpose — charitable, non-charitable, or a mixture of both — operating in accordance with a constitution and rules.
Employee Benefit Trusts (EBTs)
An EBT is a trust used to provide benefits to the employees of a company. The trust instrument is similar to a standard discretionary trust, with specific provisions.
Advantages of an EBT
- Attracting and retaining talent
- Tax mitigation
- Asset protection
- Use of an independent trustee to align interests and avoid conflicts
Considering a foundation or EBT?
Discuss your requirements with our team in confidence.