An offshore foundation is simply a conventional foundation that is formed under the laws of an offshore jurisdiction. Like conventional foundations, they are generally a low tax entity with less "red tape" and reporting requirements. Foundations are mainly used for altruistic or estate planning purposes. In terms of the legal structure, an offshore foundation lies somewhere between an offshore company and an offshore trust. A Foundation is a type of philanthropic organization set up by either individuals or institutions as a legal entity (either as a corporation or trust) with the purpose of distributing grants to support causes in line with the goals of the foundation. ... Equality and the balancing of interests under law is symbolised by a blindfold and weighing scales For other senses of this word, see Law (disambiguation). ... An offshore company is one which does not conduct substantial business in its country of incorporation. ... Red tape (or sometimes paperwork) is a derisive term for excessive regulation or rigid conformity to formal rules that is considered redundant or bureaucratic and hinders or prevents action or decision-making. ... This article or section may contain original research or unverified claims. ... Estate planning is the process of accumulating and disposing of an estate to maximize the goals of the estate owner. ... An offshore company is a company which does not conduct substantial business in its country of incorporation. ... An offshore trust is simply a conventional trust that is formed under the laws of an offshore jurisdiction. ...
Official language English Political status State in the Federation of Saint Kitts and Nevis Premier Joseph Parry Deputy Governor-General[1] Eustace John President, Nevis Island Assembly Marjorie Morton Capital Charlestown, Nevis Area - Total (Not ranked) 35. ... Saint Kitts (also/previously known as Saint Christopher) is an island in the Caribbean. ...
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