Practical uses of Private Interest Foundations

• To protect family business providing continuity to second and third generations.
• To protect defenseless persons such as minors, disabled and persons incapable of managing their assets.
• To manage payments of money or the distribution of assets to members of the family or to provide for the education, housing, maintenance or profit sharing of members of the family.
• To carry on scientific, philanthropic, religious, humanitary purposes, or to manage funds or assets for the benefit of these activities.
• To manage profit sharing as well as pension plans to employees.
• As a sophisticated and efficient substitute of the testament or will.
• As a holding of shares, participations or interests in private or public corporations.
• As a vehicle for the collection of royalties.
• As a vehicle to invest in shares, bonds, mutual funds, bank deposits or other assets.
• As a vehicle to own real estate or other assets of considerable value such as art works.
• As a vehicle to protect assets against excessive taxes, claims by creditors, political instability or forced heirship.
• To operate bank accounts in any part of the world.