Netherlands Antilles Foundation Set Up |
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The Netherlands Antilles private foundation is a legal entity which is an excellent asset protection vehicle. Healy Consultants can complete the Netherlands Antilles foundation set up process on your behalf within two weeks, without your need to visit the Caribbean. The following information will help you determine whether Netherlands Antilles foundation set up will meet your personal or business objectives. |
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Advantages of Netherlands Antilles Foundation Set Up |
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| 1. | The Netherlands Antilles private foundation is quick to set up with few formalities. |
| 2. | No directors or shareholders are required. A Board of Management is, however, required although this needs only one member and can be an individual or entity. |
| 3. | The Netherlands Antilles foundation is confidential. The foundation can be set up without disclosing details, of the person endowing the assets or the beneficiaries, in the Deed of Formation. |
| 4. | The foundation can be set up for a wide variety of purposes, and is not restricted. A Netherlands Antilles foundation can manage and distribute assets. It can also, for example, invest in equity funds and hold shares in equity fund companies. |
| 5. | For non-residents, a Netherlands Antilles foundation is exempt from tax. Distribution of capital or proceeds to beneficiaries attracts no gift/inheritance tax, nor any corporate income tax. |
| 6. | Provided there are no beneficiaries appointed, nobody can claim a distribution out of the assets of a Netherlands Antilles foundation, making it an excellent vehicle to defer income tax and protect assets. |
| 7. | Neither the founder, nor the beneficiaries, or any of the board members have any personal liability for acts performed in the name of the Netherlands Antilles foundation, or for the debts or claims against it. The foundation acquires its assets at the time of forming the foundation or at a later stage, via transfer in full legal ownership, from the founder or the person or entity who will endow assets on the foundation. |
| 8. | A Netherlands Antilles foundation does not need to file profit tax returns. |
Disadvantages of Netherlands Antilles Foundation Set Up |
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| 1. | The Netherlands Antilles private foundation cannot conduct commercial activities. |
| 2. | Some may consider the Netherlands Antilles as a 'tax haven'. |
| 3. | The Netherlands Antilles is moving towards a less confidential jurisdiction with continuing co-operation with the Organisation for Economic Co-operation and Development (OECD). |
Healy Consultants' fees for Netherlands Antilles foundation set up start at US$16,500 in Year 1 and US$9,500 in Year 2. |
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| Contact Us | |
For more information on Netherlands Antilles foundation set up, email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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