Foundations

Plan Ahead With Alternative Solutions

Foundations serve as an alternative to trusts for succession planning. They operate as a hybrid between companies and trusts. Like companies, they are incorporated and function as distinct legal entities, but similar to trusts, they can designate beneficiaries and establish succession plans.

Foundations planning by Habib Bank AG Zurich Switzerland under Wealth Management

Key Parties of a Foundation

  • Founder: The individual who establishes the foundation
  • Council: Typically includes the founder, family members, and/or advisors
  • Beneficiaries: Usually family members who benefit from the foundation’s assets

Foundations in the UAE

In the UAE, a foundation is the only vehicle available for succession planning. It offers a unique and effective solution for individuals seeking to secure their legacy and protect their assets.

Key Benefits Of Foundations

Control & Flexibility

The founder retains control over the assets during their lifetime and sets a robust plan for the assets after this time.

Seamless Succession

As the foundation owns the assets, no court proceedings or other legal processes are required upon the founder’s death.

Asset Protection

Assets can remain within the foundation and do not have to be distributed straight away.

To Find Out More

Get in Touch

Head Office

Habib Bank AG Zurich
Weinbergstrasse 59, 8006 Zurich
Switzerland

DIFC

Habib Bank AG Zurich (DIFC office),
Burj Daman Building 801,
Dubai International Financial Centre
Dubai, United Arab Emirates.

Phone:

+971 (4) 5492800

Email:
hbz.difc@habibbank.com

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