The Foundations (Jersey) Law 2009 (the "Foundations Law") allows for the incorporation in the Island of a new vehicle with its own legal personality.

It is expected that clients will not only be interested to establish new foundations in Jersey, but will also wish to migrate existing foreign-law foundations and similar entities to the Island so that they can thereafter continue as Jersey foundations.

The Foundations (Continuance) (Jersey) Regulations 2009 allow for Jersey companies and "recognized entities" to continue as Jersey foundations, and also for Jersey foundations to continue as "recognized entities" in other jurisdictions.

The "recognized entities" which will be able to move to the Island and continue as Jersey foundations are designated classes of bodies or entities incorporated or established outside Jersey whether by registration, endowment or otherwise and whether or not having legal personality.

The list of "recognized entities" includes Panama Private Interest Foundations, Bahamas Foundations, Liechtenstein Stiftungs, Liechtenstein Anstalts, St Kitts Foundations, Nevis Multiform Foundations and Malta Private Foundations.

For further information, please contact Alan Dart,Zillah Howard or Anthony Dessain.

To read our Foundation Briefings please click here.